The Employee Retirement Income Security Act of 1974 (ERISA) establishes minimum standards for health insurance plans offered by employers in the United States. It covers a wide range of plans, including group health plans, pension plans, and other employee benefit plans. ERISA applies to employers with 50 or more employees and provides protections for participants … Read more
Miscellaneous insurance policies provide coverage for unique risks or situations that are not typically covered by standard property and casualty policies. These policies are designed to protect individuals and businesses from financial losses resulting from specific events or circumstances. Examples of miscellaneous insurance include: cyber liability insurance, which covers businesses from losses related to data … Read more
Insurance coverage for tire damage depends on the specific policy and circumstances. Comprehensive insurance typically covers vandalism or malicious damage, which includes slashed tires. However, there may be certain exclusions or limitations, such as if the tires were slashed during a crime that was not reported to the authorities. In some cases, the deductible may … Read more
Keyman insurance is a type of insurance that protects a business against the financial loss that can result from the death or disability of a key employee. A key employee is someone who has a unique set of skills or knowledge that is essential to the success of the business. If a key employee were … Read more
The Insurance Department, a state regulatory agency, plays a crucial role in safeguarding policyholders and ensuring a fair and stable insurance marketplace. They regulate insurance companies, ensuring that they adhere to state laws and regulations. The department reviews insurance policies, investigates complaints, and examines the financial health of insurance providers. They also oversee rate filings … Read more
Florida law requires condominium associations to maintain an insurance policy, commonly known as a master policy, to cover certain areas of the condominium property. This master policy typically provides coverage for common areas, such as the swimming pool, fitness center, and hallways, as well as for the exterior of individual units. The master policy is … Read more
Golfers may wonder if they need insurance. There are several types of golf insurance available, each with its own set of coverage options. Golfers can choose the type of insurance that best meets their needs. Golfers who play frequently or who participate in tournaments may want to consider getting insurance. Golf insurance can provide coverage … Read more
Insurance coverage for car break-ins depends on the type of insurance policy you have. Comprehensive insurance typically covers theft and damage from break-ins, while collision insurance covers damage from accidents. If you have only liability insurance, it will not cover damage to your car from a break-in. Check with your insurance provider to understand the … Read more
Renter’s insurance can provide valuable protection in various situations for tenants. It covers personal belongings in case of theft, damage, or destruction, such as from fire, storms, or vandalism. It can also provide liability coverage in case someone is injured while visiting your rented property. Additionally, renter’s insurance can help cover additional living expenses if … Read more
A branded title, also known as a salvage title or rebuilt title, is issued to a vehicle when the insurance company considers it a total loss due to damage or theft. While a branded title doesn’t necessarily affect the vehicle’s safety or reliability, it can have an impact on its value and insurance rates. In … Read more