DEFINITION: Recoverable depreciation is the difference between an insured item’s actual cash value (ACV) and its replacement cost value (RCV). f you…
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DEFINITION: An insurance carrier is the company that offers your insurance coverage. It also employs your insurance agent, who handles all of your …
DEFINITION: An accidental death benefit may be granted to an eligible beneficiary if you die from an on-the-job accident not caused by your purposef…
Auto insurance coverage are based on individual needs and requirements. The types and amounts of coverage you need will depend on regulatory require…
Ambulance rides can bring you to the hospital fast. But, that form of medical transport is expensive, sometimes costing several hundred dollars or m…
DEFINITION: Evidence of insurability, a questionnaire that documents your overall health, is typically required when applying for various types of i…
Casualty insurance is a sort of insurance that covers you if you’re legally responsible for another person’s injuries or property damage, such as fr…
DEFINITION: HO-6 insurance is a specific sort of homeowners insurance that covers damages and repairs for condominiums, co-ops, and townhomes. Defi…
Dental insurance is designed to offset the expense of dental care. Most policies include preventive care, like an oral exam, tooth cleanings, and x-…
DEFINITION: Accident insurance is a sort of insurance that only pays when the insured dies or suffers injuries in an accident. Accident insurance gi…