When trying to decipher an insurance policy or compare different carriers, insurance jargon can get in the way. And unfortunately, skimming over car insurance terms you don’t know can lead to purchasing mistakes. Before you buy your next policy or claim an accident, make sure you know these car insurance definitions. Exclusion An exclusion in ...
Car insurance terminology is mind boggling to the average consumer. Every time I look at my auto insurance renewal paperwork, my mind glazes over. For the most part, I had to search around high and low searching for definitions of car insurance terminology written in every day English. Here is a list of the most ...
Most of the people don’t have a problem understanding why they need to insure their primary residence or vehicles they drive. However, when in comes to insuring their goods in transit to the new destination not many consider or realize the importance of the moving insurance. I will try to answer the most common questions ...
In recent years, the homeowner insurance industry has taken a huge financial impact attributed to catastrophic events. For many homeowners the emotional distress with a damaged home is further compounded by the frustration within the interpretation of damage estimates and the method in which homeowner insurance companies settle claims. To ease the frustration, the homeowner ...
For every homeowner, protecting the most important asset, your home, is crucial. As a general rule, homeowner’s insurance policies provide the necessary dwelling protection up to the value of the property or, in lender forced coverage, to the limit established by financial principal balances. In addition to dwelling coverage, the homeowner’s policy will provide coverage ...
Unfortunately, there is no coming back from some auto accidents. If your car is damaged so severely that your insurance company feels that repair would cost more than replacement, they will likely total it. But what should you do when your car is totaled? Definition of “Totaled” A car is considered “totaled” when your insurance ...
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