What is Errors and Omission Insurance?
In the event of a claim accusing a business of making mistakes while offering a service, errors and omission insurance is the right coverage...
What is health insurance?
Many people underestimate the importance of health insurance until they experience a medical emergency. With healthcare costs skyrocketing daily, the need for a fallback...
What is insurance underwriting? How it works
Through a process known as insurance underwriting, policy providers can assess risks and determine an applicant’s eligibility for coverage. For this purpose, they employ...
Insurable risks – 4 Factors and examples
Insurable risks are losses insurance companies are willing to cover. Insurance companies reserve the right to determine what goes under coverage should a policyholder incur...
Uninsurable risks – Definition and types
Uninsurable risks are events or situations an insurance company is not willing to cover due to the High amount of loss involved. These risks...
Insurance agent – How to find one and benefits
Insurance Agents are like tour guides. They help you understand everything you need to know about your insurance package. They work with insurance companies...
Insurance broker – What to expect and benefits
Purchasing any kind of insurance involves asking many questions and discussing the details. To get it right, you may need an insurance broker at...
Deductible vs out of pocket maximum
One way to understand the insurance pricing system is to study deductible vs out of pocket maximum. Neglecting these components while choosing a coverage...
Deductible vs premium
Understanding the relationship between deductible vs premium reduces the chances of making a wrong choice during policy purchase. While deductible and premium are both...
What is the out of pocket maximum? How it works and 3 benefits
The out of pocket maximum exists to help policy providers monitor their spending. Most plans refer to them as out of pocket limits. It...