ACORD forms are the industry standard for collecting and sharing information between agents, carriers, and insureds. While most people are familiar with the main ACORD forms like ACORD 125 (Applicant [...]
When compared to personal auto insurance, rental car insurance is a separate thing and operates differently. The benefits and coverage of rental car insurance are not the same as [...]
PERSONAL LINE INSURANCE The term "personal insurance" refers to any type of insurance that covers an individual against loss caused by death, injury, or property loss. These insurance lines [...]
In the present era, as we have all seen and experienced, especially in recent times, Insurance has become a necessity for everyone. Insurance, whether it be for personal or [...]
In AL3 downloads, if a policy matches more than one policy record in AMS/CRM, that means we need to take a look at the downloaded transaction record and manually [...]
Insurance Coverage Area: The insurance coverage area can be defined as the geographic area in which an insurance policy's benefits will apply to the insured. In other words, it [...]
Investing in an insurance policy through any insurance company is the way to create financial stability to cover the uncertainty of the future for the insured and his/her family. [...]
Driver training credit is the discount or reduction provided to a student within the insurance premium. Young drivers become eligible for driver training credits upon completion of a driver [...]
Stacked Insurance: The term "stacking" refers to the ability to combine coverage limits for several automobiles. The highest amount your insurance will pay toward a covered claim is known [...]
Introduction Towing and labor cost coverage is an optional coverage that pays the cost of towing the vehicle to a repair shop when it is unable to be driven. [...]
When a policyholder requests compensation for a covered loss or policy event from an insurance company, it is known as an insurance claim. The insurance company has the authority [...]
Apart from liability insurance, which is required by Rhode Island law, an auto policy might include a variety of additional coverages. Physical Damage to the Automobile Comprehensive coverage covers [...]
Difference between risk management and insurance? Risk Management Risk management is a proactive process that involves identifying and planning for different types of risks, including financial losses, reputational damage, [...]
