All about Bodily Injury on Insurance Rates In order to operate a vehicle on a public road, you are required by law to have at the very least liability insurance. Much of a premium's cost comes from this coverage. By having a higher deductible, you can reduce your premiums, but you risk paying a lot more should you ever be at fault in an accident.Bodily injury liability covers the medical expenses accrued by other people involved in an...more
Everything to Know about Insurance Premiums Almost everyone has heard the term "insurance premium" and the vast majority of Americans make regular premium payments to one insurance company or another. But many people have no real understanding of what exactly a premium entails. Here is a brief explanation of the process.An insurance premium is basically the amount a person pays for a certain level of insurance coverage. Insurance...more
Apartment Building Insurance-NCAIG The National Condo & Apartment Insurance Group is here to provide you with the best possible insurance products for your Real Estate Insurance needs and specialize in products that protect your investments in the most appropriate and cost effective way. We provide Real Estate Insurance services throughout the United States, including, but not limited to Ohio, Kentucky, Indiana, Michigan, Wisconsin, Minnesota, Tennessee, Missouri, Alabama, Mississippi, Texas, Colorado and Iowa.The National Condo and Apartment Insurance Group offers coverage that every property manager should consider, including General Liability Coverage, Umbrella Coverage and Directors and Officers Liability Coverage.Let us help you ensure these necessary coverages aren't passed over, with great products at a great price.Our product offerings include programs that fill the unique requirements of commercial clients with single or multiple rental dwellings, especially Condominium Associations. Our professional Advisors will assist you in finding the right protection for your specific needs. Condominium Associations require unique Insurance Solutions that cover you for both...more
Small Business Insurance:"Policies For This, Policies For That. As If I Haven't Got Enough To Think About." It's there somewhere on your master check list. You know you need to do something about it. But somehow, with all the other urgently pressing, day to day activities going on, the whole question of insurance probably...more
Professional Indemnity Insurance:Yes, you can cut costs without cutting corners You know what they say - if it sounds too good to be true, it probably is. A sound maxim most of the time. But not necessarily when it comes to professional indemnity insurance.You might imagine that a cheap professional indemnity quote would automatically mean...more
Professional Indemnity Insurance: Can You Explain It To Me Without The Jargon? Imagine that you make a mistake, you get something wrong, or you forget to do something you should have done (and however conscientious you might be, you can't really pretend that you never do any of those things).Now let's suppose that your error results in a financial loss to one of your clients. The client wants to recover that loss and sues you.Professional indemnity insurance (or pi insurance as it is often referred to) will cover you for all the legal costs and, if the case goes against you, for any compensation award made, up to the policy limit.That, in a nutshell, is what professional indemnity insurance is. And why it is so important for individual freelancers and consultancy firms.Obviously the types of mistake that professionals might make vary from profession to profession (which is why it is essential that any professional indemnity policy you take out is designed, specifically, to provide cover for your profession). But typically, your policy will protect in the event of:a negligent act or omission (sometimes referred to as a breach of a duty of care)inadvertent infringement of...more
How Much Tuition Insurance Do I Need? The hefty costs and responsibilities a college career brings from tuition and student loans to textbooks and that midnight pizza habit are widely known by parents and students alike. Parents searching for...more
Generally, medical practitioners are encouraged to purchase malpractice insurance to protect them against liability in case a client decides to sue them for malpractice. Medical professionals while carrying out their professional tasks may have...more
Understanding Medigap Insurance Ratings Prior to you fully commit to signing up for a specific Medigap policy, it pays to know about the distinct Medigap insurance ratings. For those seniors seeking extra medical coverage that supplements...more
Insurance Risks - The Burden of Proof The significant feature, however, which distinguishes ARPI from other categories of insurance is that it covers the assured against physical loss caused by all perils and risks. Of course, having covered...more
Insurance Policy - Physical Loss Or Damage The trigger of coverage is proof of physical loss or damage to or destruction of property identified in the policy. For the purpose of defining the trigger it is not necessary to consider the meaning...more
Top 5 Everlasting Principles of Insurance Of certainty, principles ruled the world. For instance, Sir Isaac Newton propagated the acceleration due to gravity. That is whatever that go up must come down due to gravitational force. In like...more