By: Bennett O'Brien | Freelance Writer
An insurance risk is a threat or peril that the insurance company has agreed to insure against in the policy wordings. These types of risks or perils have the potential to cause financial loss such as property damage or bodily injury if it were to occur. If the insured event takes place…
Risk retention groups (RRG) are a particular type of insurance company formed by the Federal Liability Risk Retention Act, which allows a member to write all types of liability insurance, except workers' compensation, property insurance, and policies for personal lines.
The elements of an insurance contract are the standard conditions that must be satisfied or agreed upon by both parties of the contract (the insured and the insurance company). In terms of insurance, these are the fundamental conditions of the insurance contract that bind both parties,…
Buying insurance usually forms the backbone of anyone’s financial plan, offering some reassurance of financial stability should the “worst” happen. Life insurance, health insurance, automobile insurance, home or renter’s insurance are all necessary facts of life…
The rate of burglaries is dropping, but that doesn’t mean they don’t happen—and that doesn’t mean it won’t happen to you! According to the 2019 FBI Crime Report, there were an estimated 1.1 million reports of burglaries in the US that year. There are steps homeowners can take to…
Almost every business needs some type of property insurance. Whether you own your building, lease a space, or work from home, there is a good chance you are using physical items in some way in your business. According to financial services company Hartford, approximately 60% of the top 10…
Different insurance companies will have their own ways of calculating risk exposures and it will vary for different types of insurance. Most of this actuarial information is complex, proprietary, and not generally available to the public. The actuaries at large insurers use complicated…
The date of inception and the effective date of the policy are terms that generally refer to the same thing. They refer to the date at which coverage under the terms described on the insurance policy begins. It signals the start of the contract and, from then until the expiry date, both…
To put it simply: no. You only need to show proof of ownership to have a valid claim. For example, if you received a gift from a friend and that item was stolen, you would still have a valid insurance claim as long as you could show that you owned the item in question. In general, there…
Greetings from the future of insurance! It may surprise you to learn that 68% of insurance claims are still burdened by lengthy paperwork. The ideal opportunity for…
Renters insurance is an often overlooked but crucial aspect for college students living off-campus or in student housing. While embarking on the journey of higher…
The rules and procedures created by a nurse's employer to adhere to the Health Insurance Portability and Accountability Act's Administrative Simplification Regulations,…
When you think about insurance, you might think it's just about paying for protection against unexpected events. But there's another important part of insurance that…
In the digital era, Insurtech is a transformative force reshaping the traditional insurance landscape. This evolution represents more than technological upgrades; …
Auto transportation insurance can be confusing to understand. Thankfully today, we have A1 Auto Transport’s Joe Webster, to help us understand automobile transport…
Moving insurance is a must, especially if you’re relying on movers to help with your big move. Below we’ll go into the ins and outs of moving insurance with words…
What is large group health insurance, and how do you balance costs with comprehensive coverage? Today we’ll get into that and more with an interview by Todd Taylor,…
Pain management billing and insurance are changing due to healthcare dynamics, treatment advancements, patient demographics, and regulations. Healthcare must adapt to…
By: Lindsey Lee
Understanding EPO Health Insurance Plans: Balancing Choice and Affordability In the ever-evolving landscape of health insurance, it's essential to comprehend the…
So, you’ve got your dream car picked out. You’ve been driving by the dealership and seeing ads for a great deal. You decide to drive into the lot and the dealer is…
By: Kaitlyn Kokoska
Let’s face it: for many of us, insurance is getting expensive. Insurance rates have a bad habit of creeping upward every year, even when you don’t file claims or…
By: Steven Porrello
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Hervin is a Certified Financial Planner and a Registered Retirement Counsellor. In his previous roles, he taught the LLQP and eventually led into a…
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An In-Depth Look at Term Life Insurance
Jacques grew up around the insurance industry and began actively participating in 2013. Since then, he has gotten a Level 2 license, won Insurance…
Mark has over 25 years of experience in the financial industry, and has worked with investments, insurance and mortgages as well as income tax…
