Bundling Your Flood Insurance With Your Homeowners Insurance Homeowners insurance is an essential part of homeownership, but it doesn’t cover everything. Flood insurance is a separate policy that protects your home and belongings from flood damage. If you live in an area that’s at risk of flooding, it’s important to have flood insurance. But flood…
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Flexible Premium Variable Life (Universal) Flexible premium variable life (VUL) insurance is a type of life insurance that allows policyholders to adjust their premium payments and investment choices. This flexibility can make it a good option for policyholders who need or want more control over their life insurance coverage. Features of flexible premium variable life…
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Navigating Your Health Insurance When Moving To New York City Moving to a new state can be a great opportunity, but it can also be a time of change and uncertainty. Changing your health insurance plan can be one of the most stressful aspects of moving, but it doesn’t have to be. Navigating your health…
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Automatic Premium Loan Provision An automatic premium loan provision (APL) is a clause included in some life insurance policies that allows the insurance company to automatically borrow money from the policy’s cash value to pay outstanding premium payments. APLs are most common in cash value life insurance policies, such as whole life insurance. If a…
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ICHRA vs. Group Insurance: Which is Right for Your Business? If you’re an employer, you’re probably familiar with the challenges of providing health insurance to your employees. Group health insurance can be expensive and complex, and it may not be the best option for all businesses. That’s where Individual Coverage Health Reimbursement Arrangements (ICHRAs) come…
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What Is Indemnity Insurance? In contract law, an indemnity is a contractual obligation of one party to compensate the loss incurred by another party due to the relevant acts of the indemnitor or any other party. The duty to indemnify is usually, but not always, coextensive with the contractual duty to “hold harmless” or “save…
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The Evolution of the Cyber Insurance The cyber insurance market has evolved rapidly in recent years, driven by the increasing frequency and severity of cyber attacks. In the early days of cyber insurance, policies were primarily focused on covering first-party losses, such as the cost of restoring data and systems after a breach. However, as…
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The History Of Insurance The history of insurance can be traced back to ancient times. The Code of Hammurabi, which was written in Babylon around 1750 BC, contains the first known example of an insurance policy. The Code required merchants to deposit a portion of the value of their goods with a third party before…
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Claims Not Typically Covered by Commercial Property Insurance Commercial property insurance is a valuable asset for businesses of all sizes. It can help to protect your property from a variety of risks, such as fire, theft, and vandalism. However, it is important to note that not all claims are covered by commercial property insurance. Here…
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Significance Of A Health/Life Insurance Broker On Wall Street A health/life insurance broker on Wall Street is a professional who helps individuals and businesses find and purchase health and life insurance plans. They work with a variety of insurance companies to offer their clients a wide range of options to choose from. Health/life insurance brokers…
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