Insurance Archives | Insurance Software development

Useful SalesForce Information for Test Engineers

Author - Webner
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4:53 am
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What is Salesforce testing?

Salesforce testing is a process to ensure the configuration and functionalities of the salesforce org. Salesforce testing includes various roles for a tester like changing the object settings, validation rules, changing the page layout to test various features, etc.

A software tester must always create the test cases according to the requirements given by the clients including positive test cases, negative test cases in the process help make the application better. Sometimes testers face the scenario where results are different every time they test, in those cases changing the org from classic to lightning […]

AWS S3 Buckets Migration Between Two AWS Accounts

Author - Webner
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5:39 am
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We can migrate S3 buckets from one to another AWS account with the following steps.

Prerequisite:

Destination AWS Account Number.
Need to attach Bucket Policy with source bucket.
IAM user Policy
Create the S3 bucket in the destination AWS account.

In order to copy buckets and their objects to another AWS account, we require three above things.

So, How can we check the destination AWS account number?

Step 1: Log in to the destination AWS account, now Goto “My Billing Dashboard” and find out the destination account. If you don’t have “My Billing Dashboard” access […]

What is Automobile Insurance ID Card (ACORD 50)?

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4:51 am
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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 for Personal and Commercial Auto Insurance. Sometimes, It also refers to an insurance identification card or a binder.

What does an Automobile Insurance ID Card include?

Proof of insurance documentation is a little card given to the insured by his/her insurance provider that shows the insured person indeed has insurance on his/her vehicle. If someone never files an insurance claim, the piece of paper is […]

What is AUTO Personal Insurance (ACORD NY 90)?

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4:57 am
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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 or monthly premiums to insurance companies, therefore the companies become responsible to pay all or most of the costs related to the accidents or other vehicle damage.

Auto insurance premiums differ depending on age, gender, years of driving experience, accident and moving violation history, and other factors.

Coverages included in an AUTO Personal Insurance Policy

In substitution for paying a premium, there is an agreement between the […]

What is Inland marine Personal Insurance (ACORD 81)?

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5:13 am
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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, and fine art. Personal property can also be damaged or destroyed while being transported, that’s where personal inland marine insurance kicks in. One’s personal property is precious and valuable and hence requires adequate insurance protection, which personal inland marine can provide.

What does an Inland marine Personal Insurance policy cover?

Covered property damages in a Personal Inland Marine Insurance Floater are as follows:

What is Auto Commercial Insurance (ACORD 127)?

Author - Webner
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4:32 am
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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 auto insurance policy. This type of business insurance policy includes many types of commercial vehicles that are used for business purposes, including company vans, to a wide variety of commercial trucks used in transports and other business vehicles.

What does an Auto Commercial Insurance Policy Cover?

Commercial vehicle insurance, like the personal auto policy, provides similar coverages such as liability, collision, comprehensive, medical payments (or personal injury […]

What does General Liability Commercial Insurance (ACORD 126) mean?

Author - Webner
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4:39 am
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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, outcomes, or injuries that occur on the business premises. This liability insurance is also considered as comprehensive business insurance, though all risks a business may face are not covered by this liability insurance. Business companies can add other companies or individuals they contract with to their commercial liability insurance policy as an “additional insured.”

What does a Liability Commercial Insurance Policy Cover?

Commercial general liability policies […]

What is Commercial Property Insurance(ACORD 140)?

Author - Webner
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4:31 am
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Introduction

Commercial Property Policy is defined as an insurance policy for businesses and other organizations that covers damage to their buildings and contents due to a covered cause of damage, such as a fire. The policy may also cover loss of wages or other increments in expenses that result from property damage(PD). Generally, standard or nonstandard forms are used to write Commercial property policies.

Commercial property insurance is used to protect any commercial property. Commercial property insurance covers commercial property from such hazards as fire, theft, and natural disaster. A variety of businesses, including manufacturers, retailers, service […]

Some Important Insurance Definitions

Author - Webner
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5:14 am
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What is Insurance?

Insurance is defined as a contract in which an individual or organization receives financial protection and reimbursement of damages from the insurer or the insurance company. On a basic level, Insurance is some form of protection from any unpredictable financial losses. The insurance industry is built on policyholder’s confidence that insurance contracts will be fulfilled and eligible claims paid. Here we will discuss some important terms that are widely used in the insurance field.

Insurance Carriers

An insurance carrier is an insurance company also called an insurance provider, one which provides an […]

What does Package Personal Insurance (ACORD 86) mean?

Author - Webner
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4:41 am
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Introduction

A Package Policy is a type of insurance policy that usually includes more than one kind of insurance coverage. The most common Package Personal Insurance Policy combines property coverage, such as for buildings or business contents, with liability coverage or such as premises liability or product liability.

One advantage of packaging coverages is the cost. When a single company can provide coverage for several lines of business, such as property, liability, business income, and so forth, they can offer pricing considerations.

How does a Package Personal Insurance Policy work?

A Businessowners Policy (BOP) is the […]

What is Inland marine Commercial Insurance(ACORD 152)?

Author - Webner
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6:08 am
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Introduction

As we know, “marine insurance” is a coverage policy that covers products when transported over water. Unlike marine insurance, inland marine insurance covers goods, materials, and equipment when transported over the land. This transportation may be via truck or train—or while temporarily warehoused by a third party.

This insurance can cover a wide range of specialty equipment and products, including:

Computers, everything from servers to laptops.

Communications and networking equipment.

Construction and contracting equipment.

Medical and scientific equipment.

Photography equipment.

Coverages included in an Inland marine Commercial Insurance Policy

When weighing the need for […]

Why accident with animal is a non-collision loss?

Author - Webner
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4:52 am
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Auto policies mostly come with a higher deductible for collision than for “other than collision” losses (OTC or comprehensive coverage). Insurance companies know that you will have a greater opportunity to avoid accident with other vehicles or objects than with free-moving animals that react unpredictably to lights, motion, and sound. So by treating collision with an animal as a non-collision loss, a lower deductible will apply, hence it is good for you (courtesy insurance companies […]

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