Learn about liability limits in liability insurance, which dictate the maximum benefit available for payout in a policy. Discover how they influence coverage and protection.
Learn about the contract year in health insurance, which spans from the effective date to the expiration date. Discover how this period affects your coverage.
Learn about the grace period in health and life insurance policies, including what it means for your coverage and payment schedules.
Learn about the concept of a Blanket Contract in health insurance. Explore the definition of blanket insurance and its importance in providing coverage for groups.
Learn about covered loss in general insurance, including the types of loss an insurer will pay for under a policy, such as death, injury, property damage, loss, or automobile collision.
Learn about the Effective Date in general insurance terms, which signifies the date an insurance policy takes effect.
Understand the Eligibility Date in health insurance: the crucial date when insured individuals can start receiving benefits. Learn more about how this date impacts your health insurance claims and coverage.
Discover what Open Perils in property insurance entail. Learn about insurance covering any peril causing loss or damage, excluding those explicitly excluded.
An Act of God in general insurance terms refers to a natural event outside of human control, such as an earthquake. Learn more about its definition and implications.
