Each line section in Applied EPIC contains well-defined sub-sections to ensure accurate storage, rating, servicing, and reporting. While general insured details are maintained at the Client and Contact levels and [...]
INSURANCE PREMIUM An insurance premium is the sum of money an individual or a business unit pays to the insurance company for an insurance policy. These policies cover home, [...]
PROPERTY DAMAGE LIABILITY: Automobile insurance covers property damage liability. If the person (insured) is at fault who caused damage to another person's property or vehicle, it helps in covering [...]
“Insured Information” in an AL3 file. How can we get separate data of Insured from the complete AL3 file? AL3 file: AL3 stands for Automation level- 3. AL3 is [...]
What is AL3? AL3 is one of the P&C standards created by ACORD. This standard was developed in the early 1980s. AL3 is designed as a batch communication method [...]
The main difference between personal and commercial auto insurance depends on who owns the vehicle. If your business owns a vehicle that is used for business purposes, it will [...]
Overview WinsurTech Al3 Creator is a WinsurTech product to convert JSON or CSV format data into AL3 / DAT files. It supports all the P&C lines of business. WinsurTech [...]
Introduction An automobile insurance ID card provides basic auto insurance information, such as the driver and vehicle insured and policy effective dates. The auto insurance ID card is applicable [...]
Introduction Automobile owners buy auto insurance policies to decrease the costs associated with getting into auto accidents. Instead of paying out of pocket for accident losses, people pay annual [...]
Introduction Personal inland marine insurance acts as an extension of the homeowner’s insurance policy to offer additional coverage for personal belongings ranging from jewellery to collectables, musical instruments, cameras, [...]
Introduction Commercial vehicle auto insurance is defined as a coverage policy that covers the physical damage and liability coverage for amounts, situations, and usage not covered by a personal [...]
Introduction Excess Liability insurance is defined as a type of coverage policy that provides limits that exceed the underlying liability policy. It does not concern the broader range incidents [...]
Introduction Commercial General Liability (CGL) insurance is defined as an insurance policy that covers a business for bodily injury, personal injury, and property loss caused by the business’s operations, [...]
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