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 a way to secure this great investment have found comfort in GradGuard's tuition insurance and Student Protection Plan. Should a student make a medical or mental wellness withdrawal from an accredited...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 incurred an error, deviation from standards of care, gross negligence, or wrongdoing whether intentional or spontaneous. And they may be sued for such.For example, if a patient has been injured or harmed...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 Medicare, Medigap is a good choice. Nonetheless, the way Medigap is structured appeals to a wide selection of applicants. Once you learn about Medigap ratings, you can pick the finest plan for you.Medigap insurance plans are provided by private insurance agencies, even though the conditions of the policy are heavily regulated by state and federal laws to make certain uniformity. Premiums for Medigap insurance can differ from agency to agency, and 1 of the methods utilized to calculate the premiums for an individual is via a ratings technique. There are three ways that Medigap policies are rated and each 1 offers benefits and drawbacks when it comes to the cost of a policy.The 1st rating technique for Medigap insurance is the attained-age-rated policy. The rates for enrollees are determined by age. When you initial enroll, normally at age 65, the premium is comparatively low. As you age, the premium will increase. The advantage to this kind...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 the assured in the insuring clause, the policy will then continue to exclude cover for various risks...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 of event or occurrence, although as we will see, they may be relevant when applying deductibles...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 manner, insurance is subject to certain principles. Then, what is insurance? Insurance is a contract, a risk transfer mechanism whereby a company (Underwriter) promised to compensate or indemnify another party (Policyholder) upon the payment of reasonable premium to the insurance company to cover the subject-matter of insurance. If you are well conversant with these principles, you will be in a better position in negotiating you insurance needs.1. Insurable interest. This is the financial or monetary interest that the owner or possessor of property has in the subject-matter of insurance. The mere fact that it might be detrimental to him should a loss occurred because of his financial stake in that assets gives him the ability to insure the property. Castellin Vs Preston 1886.2. Umberima fadei. It means utmost good faith, this principle stated that the parties to insurance contract must disclose accurately and fully all the facts material to...more
Insurance - Waiver Or Affirmation? The only remedy available to the insurer in the event of material non-disclosure or misrepresentation is the avoidance of the policy of insurance. It must then return the premium to the assured and parties...more
Authorisation of the Insurer in the United Kingdom An insurance company carrying on the business of insurance in the United Kingdom must be authorised by the Department of Trade and Industry under Sections 2 and 3 of the Insurance Companies...more
Medigap Insurance Plans - What Do They Cover? There are several Medigap plans that cover a variety of aspects. They are lettered A by means of L. Medigap plan A covers hospital coinsurance. This is for days 61-90 as well as days 91-150 in the...more
When you look to obtain a business insurance quote you will either be asked to declare certain information or complete a proposal form. This information will be used to provide you with a quotation and should you choose to accept the quote and incept...more
There are many cheap HGV insurance quotes There has been a rise in the number of accidents involving HGV or heavy goods vehicles, many of which have occurred on days when it has been rainy or foggy. HGV insurance is therefore essential for...more
Contact Insurance - Consideration, Fronting Generally, consideration is not an issue which will concern the parties to ARPI. The premium passes from the assured and the insurer agrees to provide cover according to the terms of the policy....more