Reinstatement refers to the process of restoring an insurance policy that has lapsed due to non-payment of premiums. When a policy lapses, the coverage provided under the policy ends. Reinstatement allows the policyholder to bring the policy back into force and regain coverage by paying the missed premiums, as well as any applicable fees or … Read more
Eyelid surgery, also known as blepharoplasty, is a cosmetic procedure that can remove excess skin and fat from the upper and lower eyelids. It can improve the appearance of the eyes and make them look more youthful. However, eyelid surgery is not typically covered by insurance unless it is medically necessary. In order to get … Read more
Homeowners insurance policies typically cover a wide range of individuals who share an insurable interest in the property. This includes the named insured, who is typically the person who owns or is financially responsible for the home, along with members of their household. Household members may include spouses, children, roommates, and sometimes even extended family … Read more
Bobtail and physical damage insurance are types of coverage that protect truck drivers and their vehicles. Bobtail insurance is designed to cover drivers when they are operating their trucks without a trailer attached, while physical damage insurance covers damage to the truck itself. The cost of these insurance policies varies depending on a number of … Read more
A lapse in insurance occurs when you fail to make a premium payment by the due date, leading to the cancellation of your policy. This can have significant consequences, leaving you financially exposed in case of an accident or unexpected event. If you experience a lapse in coverage, it’s crucial to contact your insurance company … Read more
Churning refers to a practice where an insurance agent cancels and rewrites a policy multiple times, often with the intent of generating additional commissions or meeting sales targets. This can be harmful to both the insurer and the policyholder. It wastes resources, can lead to higher premiums for all policyholders, and can disrupt the policyholder’s … Read more
All-terrain vehicle (ATV) insurance is a type of insurance coverage specifically designed for motorized vehicles that are primarily used off-road. It provides financial protection in the event of an accident, protecting you from potential expenses associated with medical bills, property damage, and legal liability. While ATV insurance may not be legally required in all areas, … Read more
Due to a strategic decision, Nrma has discontinued offering life insurance products. This change aligns with the company’s focus on providing a diverse range of financial services, including insurance protection, investments, and banking. By concentrating on these core areas, Nrma aims to enhance its expertise and provide tailored solutions that meet the evolving needs of … Read more
National Insurance Contribution (NIC) is a tax-like payment that individuals in the UK make to help fund the National Insurance scheme. It’s a compulsory contribution that’s deducted from your wages or self-employed earnings. The amount of NIC you pay depends on your income and employment status. Employed individuals pay NIC through their employer, while self-employed … Read more
Crl insurance, short for crime insurance, is a type of coverage designed to protect businesses from financial losses resulting from criminal activity. It can cover a wide range of crimes, including theft, robbery, burglary, and even embezzlement. Crl insurance is especially important for businesses that handle large amounts of cash or inventory, as well as … Read more