Facultative reinsurance is a type of reinsurance where the reinsurer agrees to cover a specific portion of a particular risk, such as a single property or event. It is non-proportional, meaning that the reinsurer’s liability is not directly linked to the policyholder’s premium. The reinsurer has the option to accept or decline coverage for each … Read more
To protect individuals in case of accidents, third-party insurance for bikes is a legal requirement in various regions. This insurance provides coverage for injuries or damages caused to others and their property. While it may not be mandatory to opt for a five-year policy, doing so offers several advantages. It provides continuous protection over an … Read more
Insurance coverage for laparoscopic adjustable gastric banding (Lap-Band) revision varies depending on the specific policy and the reason for the revision. Some policies may cover revision if the Lap-Band has become ineffective or caused complications, while others may only cover revisions that are deemed Medically Necessary by the insurance company. It’s important to note that … Read more
Insurance is a side bet offered in blackjack when the dealer’s upcard is an Ace. It covers the player’s bet in case the dealer has a blackjack. While insurance may seem like a tempting way to protect your bet, it’s generally not a smart move. The odds of the dealer having blackjack are low, so … Read more
Only two states in the United States do not mandate car insurance: New Hampshire and Virginia. In New Hampshire, drivers are required to demonstrate financial responsibility through a certificate of deposit, a bond, or a surety bond, while Virginia has a no-fault insurance system where drivers are compensated for their own damages regardless of fault. … Read more
The cost of orthognathic surgery with insurance can vary widely depending on individual circumstances. The type of surgery, the extent of the correction needed, and the surgeon’s fees can all affect the total cost. In general, orthognathic surgery can cost anywhere from $20,000 to $50,000. However, with insurance, the out-of-pocket costs can be significantly lower. … Read more
Insurance expense is a business expense that reflects the cost of protection against financial loss due to unforeseen events. When businesses purchase insurance policies, they agree to pay premiums to the insurance company in exchange for coverage against specific risks, such as property damage, liability, or business interruption. The expense of these premiums is recognized … Read more
To determine if an old life insurance policy is still valid, you can follow these steps: 1. Gather information about the policy, such as the name of the insurance company, the policy number, and the insured person’s name. 2. Contact the insurance company directly. They can provide information about the status of the policy and … Read more
Whether Repetitive Loss Exposure (RLE) is covered by insurance depends on several factors, including the type of insurance policy, the specific provisions of the policy, and the circumstances of the claim. Generally, standard commercial liability insurance policies do not cover RLE claims, as they typically exclude damages that result from gradual or cumulative exposure to … Read more
Many homeowners insurance policies cover damage caused by lightning strikes. This can include damage to the home’s structure, roof, electrical system, or appliances. If you experience a lightning strike, it’s important to contact your insurance company as soon as possible. They will be able to assess the damage and determine whether it is covered under … Read more