Term of the Day

Active Retention

Active retention is the act of saving financial resources with the intention of using them to compensate for losses in the future. This is a form of self-insurance that acts as an alternative to paying (Read on)

Past Terms: Active RetentionKeynesian EconomicsSine Qua Non Rule

Everything You Need to Know Before Choosing a Life Insurance Policy

Before you get life insurance, it's important to know the basics. This article answers the first questions you should ask before choosing a policy.
8 Types of Insurance Most Americans Should Avoid

It makes sense to mitigate risks but some forms of insurance are a bad investment. Learn about eight types of policies that probably aren't worth your money.
Who is a Named Insured?

Named insured, additional insured, and additional interest are commonly used terms among insurance agents. Learn how they differ and what they can mean for your insurance coverage.
Group Health Insurance for Small Business Owners

If you are self-employed or own a small business, group health insurance plans might be right for you. Learn the basics of group health insurance for small businesses and how to select the right plan.
The First Steps You Need to Take After Wrecking Your Car

It can be difficult to know what to do after you've been involved in a car accident. This article details the ten first steps you should take after a car wreck so you have all the information your insurer needs and you don't increase your liability.
Disability Benefit Riders to Improve Your Coverage

Basic disability coverage rarely provide adequate compensation for serious illness or injury. Insurance companies offer a number of riders that can improve your disability coverage. Find out which ones will give you the comprehensive coverage you need.
How to Write a Demand Letter for an Insurance Company

If you have suffered damages, you might be required to submit a demand letter to an insurance company. Here are basic guidelines that will help you write an effective letter and improve your chances of getting the compensation owed to you.
Strange Insurance You Probably Don't Need - But It's There if You Do!

Ever hear of alien abduction insurance? Learn more about it and other strange but real insurance policies.
The Top 5 States with the Lowest Car Insurance Rates

Auto insurance rates can vary significantly across states. Find out which five states have the most affordable car insurance and the reasons behind their affordable rates.
What You Need to Know about Health Insurance Before Quitting Your Job

Thinking of quitting your job? Before you do, make sure you have health insurance lined up to replace the one supplied through your employer. Learn more about the options available to you in this article.
The Key Elements of an Insurance Contract

There are many terms that are standard features of any type of insurance contract. We provide clear and concise definitions for these basic concepts.
Pet Health Insurance: What Every Pet Owner Should Consider

Do you have a pet? Then you may want to consider an insurance policy to avoid having to pay hefty vet bills. Learn more about pet health insurance.
Insurance and Lawsuits: What Happens When You are Sued?

Ever wonder what happens when you are sued? Find out, step by step, what you go through if you ever find yourself on the receiving end of a lawsuit.
5 Questions to Ask Before Choosing an Insurance Agent

Finding an insurance agent who is knowledgeable, trustworthy, and readily available is not always easy. By asking these five questions, you will be able to find the agent who can best meet your needs.
A Look at Uninsurable Risk

What does insurance really cover? Reputation, government regulation, pandemics? Learn more about uninsurable risks.
The Top 5 States with the Highest Auto Insurance Rates

Ever wonder why you're paying so much for auto insurance? Learn about the five states with the highest auto insurance rates and why their rates are so high.
Why You Need Disability Insurance

The best time to buy disability insurance is when you're young and healthy. Learn more about disability insurance and what you should consider when buying a policy.
Auto Liability Insurance - How Much Is Enough?

Auto liability insurance protects you in the event of injury in a car accident. Read this article to understand what is covered and how much insurance you need.
6 Reasons You Need Renter’s Insurance

You might think that renting your place and not owning much means that you don't need insurance. Think again! Here are six reasons you should get renter's insurance today.
6 Things To Know About Travel Insurance

An unfortunate situation takes the fun out of any trip, but having the right travel insurance may soften the blow. Get to know these top tips, and travel with peace of mind.
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Demand letter is a formal act of correspondence that aims to solicit action from the recipient. This action might seek a solution to a grievance such as payment for Read more

Assumption reinsurance refers to the act of transferring a policy from the original insurance company to another insurance company. The latter then takes all of the Read more

Association of Governmental Risk Pools (AGRIP) is the umbrella organization of municipalities and government entities in the US involved in risk management and Read more

"Egress" refers to the ability to get out of or to leave a place. Egress coverage (also referred to as ingress) is included in many business interruption insurance Read more

A blended insurance program is a type of life insurance that combines features of whole life and term life insurance. It is often referred to as an integrated Read more
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