Learn about valued policy in property insurance, designed for high-value items like antiques or artwork. Understand how it ensures a predetermined payout in case of total loss.
Learn about the extended death benefit in life insurance, a crucial group policy clause ensuring payout if the insured is disabled when premiums stop or dies within a year of non-payment.
Learn about the stacking of limits in insurance, a legal term that involves using the limits of multiple policies to cover a single claim or event. Understand when and how this can be applied.
Learn about lost wages in general insurance, which refer to potential earnings the insured was unable to receive due to an injury or disability. Understand how this crucial term impacts insurance claims and financial planning.
Learn about newly acquired autos in vehicle insurance, coverage details, and notification requirements. 30-day rule for informing insurers about new vehicle purchases.
Learn about Blanket Crime Policy, which offers coverage for dishonest employees, forgery, counterfeit currency, and money order losses. Understand its transition to commercial crime coverage or commercial package policies.
