The ACORD 155 form is the Boiler and Machinery Section, used in commercial insurance to capture information about a business's boiler, machinery, and equipment exposures. This type of coverage, also [...]
What is the Inflation guard in HOME Insurance? The premium amount of the HOME INSURANCE POLICY is determined by a number of factors, including property value, housing status, claims [...]
Dwelling Insurance: Dwelling is a physical structure, area, and part of the residence which includes building Apartments, houses, and attached structures to the house (generally garage, fence, and deck). [...]
Managing General Agent(MGA) is a specialized type of insurance agent/broker that is authorized with different insurance companies. We can say that these types of agents can work as a [...]
In insurance, the actual cash value is the value of the asset at the current time based on current conditions. There are some factors by which actual cash value [...]
Definition: Flood Insurance is a type of Property Insurance that usually covers Home/Dwelling for the different types of losses which will be sustained by water damage and specifically due [...]
Insurance Coverage and Premium: Insurance coverage is the amount of risk or liability that's covered for a private or entity by way of insurance services. It helps a person [...]
Entrustment exclusions are a type of clause found in many insurance policies. No coverage will be provided for losses or damages originating from dishonest or illegal conduct by the [...]
The maximum amount of money an Insurance Company will pay for a covered claim to the insured is known as Coverage. An insurance policy is a collection of coverages [...]
Introduction Business insurance is a type of insurance that provides coverage to the insured business against any damage or loss due to any misshapen like natural disasters, thefts, vandalism, [...]
What is an insurance producer? An Insurance producer also called an insurance agent is an individual that works as a salesperson for any insurance agency. An insurance producer must [...]
What is Personal Umbrella Insurance? Personal Umbrella Insurance is a type of insurance that is designed to provide an extra layer of protection beyond existing limits and coverages of [...]
Both life insurance and accident insurance policies include double indemnity clauses. According to these clauses, insurance carriers agree to pay twice the policy amount in the event of accidental [...]
