Learn about Family Policy in Life Insurance, a combination of whole life insurance for the head of a household and term coverage for other family members. Understand its benefits and scope.
Explore the term 'Not Taken' in the context of general insurance, where a policy is applied for and issued but ultimately rejected and unpaid.
Learn about deposit or provisional premium in general insurance. Discover how it is derived and its significance in initial policy payments.
Learn about insurance policies, the contracts between insurance companies and the insured, essential in General Insurance Terms.
Learn about per diem business interruption insurance, a policy that provides daily compensation for businesses affected by interruptions due to covered causes. Understand its importance in property insurance.
Learn about the Omnibus Clause in general insurance terms, a stipulation that extends coverage to other individuals not specifically named in the contract, enhancing the policy's definition of insured.
Understand who qualifies as an eligible person under health insurance contracts. Learn the difference between eligible employees and persons, their qualifications, and eligibility criteria.
Learn about the mode of premium payment in general insurance, including the various frequencies available such as annually, monthly, and quarterly.
Learn about prior approval rating forms, a crucial term in general insurance that mandates insurers to seek state approval before changing rates.
Learn about Laser Beam Endorsement in Liability Insurance, an endorsement that allows insurers to exclude particular exposures. Understand its significance and applications.
Learn about optionally renewable health insurance contracts, where the insurer reserves the right to terminate the policy at specific intervals such as the policy anniversary or premium due date.
Discover the minimum benefits provided by a health insurance policy, also known as a basic hospital plan. Learn about the essential features of basic benefits in health insurance.
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.
Discover what a return premium is, its significance, and how it affects insurance policies. Learn when and why it may be issued in cases of cancellation, rate adjustments, or overpayments.
Understand the Drive Other Car Endorsement in vehicle insurance, an extra form of coverage that offers protection while driving non-owned cars.
Learn about the important aspect of 'Notice of Loss' in general insurance terms, how and when to notify your insurer about a loss.
Learn about the role of health history in health insurance underwriting, including its importance in determining risk acceptance for healthcare policies.
Explore the concept of Offset Rider in health insurance, including how it reduces benefits by accounting for the insured’s social security benefits.
Learn about the co-pay provision in health insurance, which defines the portion of a claim paid by the insurer and the insured.
Learn about Bailee’s Customers Insurance, a property insurance that covers the bailee against potential hazards like fire, theft, robbery, and leaks while temporarily in possession of another's property.
Learn about the Demolition Clause in Property Insurance, a provision that prohibits liability for demolition costs of undamaged property. Essential for property owners and compliance with building ordinances.
Learn about Jewelers Block Insurance Policy, a specialized property insurance that covers the valuables of jewelers and those in their care or custody against potential losses.
Learn about the open enrollment period in health insurance, during which you can switch plans without needing proof of insurability. Ensure you make informed decisions about your health coverage.
Learn about Triple Protection Life Insurance, a policy that combines whole life and term insurance for enhanced benefits. Perfect for those seeking comprehensive coverage.
Learn about the Business Auto Coverage Form, a policy that covers commercial automobiles against damage and liability, effectively replacing the older business automobile policy.
Learn about the Financial Responsibility Clause in vehicle insurance, which ensures adherence to state laws where the vehicle is operated. Comprehensive guide on its importance and implications.
Learn about the Transportation Ticket Policy, a specific health insurance policy offering coverage against accidental death and dismemberment during a trip on a common carrier.
Discover the importance of an Automatic Reinstatement Clause in Property Insurance. Learn how it helps restore your original policy limit after partial loss claims.
Understand the Clear Space Clause in Property Insurance and how it requires certain belongings to be stored at specified distances to minimize the risk of loss. Learn more about its significance and applications.
Learn about Extended Non-Owner Liability in vehicle insurance, an attachment that offers coverage for driving vehicles not owned by the insured on a regular basis, including for business and profit transport purposes.
Discover the definition and significance of the mortgage clause in property insurance, a key feature in direct damage policies for mortgaged properties.
Learn about the trust and commission clause in property insurance policies. Discover how this clause allows individuals to insure their share of another's property, and understand its significance.
Learn about the additional death benefit in life insurance, an extra benefit payable to beneficiaries upon the insured's death.
Learn about bodily injury in health insurance, which covers physical damage to a person's body. Discover what this term means and its implications for your healthcare coverage.
Learn about coinsurance percentage in property insurance, a critical condition influencing coverage and potential penalties for underinsurance.
Learn about the entire contract clause in health and life insurance, which includes all parts of the agreement such as the application, endorsements, and conditions.
Learn about the market value clause in property insurance, which ensures the insurer pays the market price of destroyed property. Ideal for manufacturers with finished products.
Understand the concept of fee maximum in health insurance, which refers to the maximum fee available to a health care professional for a service provided under a contract.
Discover the Automatic Premium Loan Provision in life insurance policies. Learn how unpaid premiums are handled with a loan from the policy's cash value.
Learn about the concept of renewal in general insurance terms, which refers to the continuation of an in-force policy status through the payment of a premium.
Understand the fallen building clause in property insurance, highlighting its impact on fire insurance when a building collapses for reasons other than fire or explosion.
