An insurance premium refers to the amount of money that is stipulated by an insurance company that a insurance policy holder must pay in order to maintain the active coverage of the insurance. Insurance premiums asked by different insurance companies will vary even if these companies offer the...
Life insurance is a type of insurance policy wherein the insurer agrees to pay a certain amount to the beneficiary in case the policy holder passes away or becomes critically ill or physically disabled. The beneficiary is designated by the policy holder upon taking out the life insurance policy....
Life insurance is a kind of insurance policy that provides monetary benefits when the person owning the policy dies. The money then goes to the people identified in the policy. The people who receives the money from a life insurance policy are called beneficiaries. As long as the policy holder...
Liability insurance is a type of insurance that is structured to protect the holder in the case of 3rd party lawsuits or claims. Insurance companies offer many different types of insurance policies. One of these products is a liability insurance, which is one of the most popular types of insurance...
Credit insurance is a kind of insurance that covers the debt of the policy holder in case he is unable to do so. This term is actually an umbrella term which covers two more specific kinds of insurance - business credit insurance and consumer credit insurance. Business credit insurance refers to...
An insurance claim refers to the process of a person applying to get the benefits provided by an insurance company that is stipulated in the insurance policy the person pays for. An insurance claim must be filed before any money is given to the hospital, car repair shop or other contracted service...
Critical illness insurance is a kind of insurance policy that is meant to cover the costs associated with treatment for certain serious illnesses as outlined in the policy. More often than not, critical illness insurance is not a stand alone policy, but is purchased in tandem with another policy,...
Unemployment insurance is a type of insurance policy that will ensure that the policy holder will have some sort of income in case of temporary unemployment. Unemployment insurance is taken out and paid while an individual is employed. In case he finds himself without a job, he can file for a...
Based on insurance industry parlance, a deductible is an amount of money an insured person or party is required to pay before the insurance company begins the coverage of the person or party’s insurance plan. Usually, insurance companies will add a deductible in their insurance plans as a way of...
Owning a dog can be a wonderful thing. There are people, of course, who prefer cats (or other pets for that matter) to dogs. However, dog lovers will tell you that the cliche that dogs are man’s best friend cannot be any truer. Dogs are perfect companions and can be a lot of fun. As much as...
