Learn about the 'Notice to company' term in General Insurance. This notification is a written document sent to the insurer, informing them of an event that may lead to a claim.
Understanding the concept of Identification of Benefits in Health Insurance, which covers the reimbursement for finding and entrusting the care of a disabled insured to their relatives.
Learn about the concept of in kind replacement in property insurance, where damaged items are replaced with new or comparable items instead of a cash payout. Understand how it impacts your insurance claims and coverage.
Primary coverage refers to insurance coverage that pays claims submitted without waiting for another policy to pay first. Understand how primary coverage works in health and general insurance.
Learn about subsidence in property insurance, the shifting of the land on which the insured property is located, and its implications on your coverage.
Learn about gross earnings in property insurance, including how they are calculated by deducting the cost of goods sold from total sales.
Explore the concept of Coordination of Benefits in health and life insurance. Learn how it determines the primary insurer when you're covered by multiple insurers.
Learn about intentional injury within the context of health insurance, focusing on injuries caused by willful acts meant to cause harm and their coverage implications.
Learn what a Superbill is in health insurance. It lists every service provided by a doctor, aiding in accurate billing and claims.
Learn about the Broad Evidence Rule in Property Insurance. Understand how different types of evidence are used to assess the actual cash value of lost property.
A comprehensive guide on the term 'Claimant' in general insurance, covering the individual who requests payment of a claim. Learn about the role and significance of a claimant in insurance claims.
Learn about compensatory damages in insurance, where damages are awarded to insured individuals for losses or injuries suffered, including mental and physical suffering, lost time, or expenses.
Explore the Return of Premium clause in health insurance. Learn how it can benefit policyholders by returning the premiums paid, minus claims, under specific conditions.
Learn about subrogation, a legal principle allowing an insurer to assume the rights of the insured to collect from a third party. Discover its applications and exceptions in insurance.
Dive deep into the unpaid premium provision in health insurance, an important clause that permits unpaid premiums to be deducted from claim payments. Learn how this provision can impact policyholders and claims.
Understand what an appearance allowance in vehicle insurance is, how it compensates for minor vehicle damages, and how it benefits the insured.
Learn about the Cromie Rule, a crucial technique in property insurance for apportioning loss when policies have nonidentical coverage. Understand its significance and application in the insurance industry.
Understand the concept of inherent explosion in property insurance, where an explosion occurs due to a situation that exists organically at the insured's premises, like a fireworks factory.
Learn about losses outstanding in general insurance, which refers to the claims that have not yet been settled by an insurer, as detailed in a summary statement.
Learn about the Relative Value Schedule in health insurance. Discover how it lists surgical costs and values, providing an accurate fee for each procedure.
Learn about the significance of an intermediate report in health insurance and workers' compensation. This key document provides updates on the condition of individuals with ongoing disabilities.
Learn about the Pair and Set Clause in Property Insurance, which dictates a fair assessment when part of a pair or set is lost or damaged, and the insurer's responsibilities.
Learn about pre-admission authorization in health insurance, a required step for obtaining insurer approval before hospitalization.
Learn about self inflicted injury in health insurance, its implications, and what it means for policy coverage and claims.
