Insurance Terms

Policyholders can avoid unexpected circumstances by purchasing an insurance policy. Unfortunately, some people overlook the exclusion clauses within insurance policies...

You're not alone if you find the distinction between term life and whole life insurance confusing. Life insurance provides money...

You probably might be eligible for income replacement benefits after being involved in a car accident and unable to work....

ERM requires corporations to assess all risks and decide which ones they will actively manage; however, it also allows top...

Risk management in insurance involves analyzing and quantifying the changes and associated financial impacts of events occurring in a customer's...

Essentially, actual cash value (ACV) is how much your stolen or damaged property is worth after a covered loss is...

A vehicle that suffers significant damage and cannot be repaired may be considered a total loss by your insurance provider....

An insurance policy's purpose is to mitigate risk, and that risk is genuine. It is essential to compare quotes to...

Risk mitigation is at the heart of insurance coverage. Individuals and small businesses can use insurance as a means of...

Insurance companies do not transfer risks for numerous reasons. First, let's talk about what transfer of risk is and how...