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
Critical illness insurance is designed to provide coverage for severe illnesses that can have significant financial implications, like cancer, heart attack, and stroke. The illnesses covered vary depending on the policy, but common conditions include: heart failure, coronary artery bypass surgery, kidney failure, cancer (including leukemia, lymphoma, and melanoma), major organ transplants, paralysis, severe burns, … Read more
If you discover damp in your property, it’s crucial to determine the cause and seek professional advice promptly. Depending on your insurance policy, you may be able to file a claim for damages caused by damp. Policies vary in coverage, so it’s essential to check if yours includes damp-related issues. If the damp results from … Read more
War and Military Action Life insurance policies typically exclude coverage for deaths resulting from war or military action. This exclusion applies to both foreign and domestic conflicts. Some policies may provide limited coverage for combat-related deaths, but these provisions are rare. The exclusion for war and military action is based on the principle of “proximate … Read more
Endowment in insurance refers to a type of life insurance policy that combines savings and investment options. Unlike term life insurance, which provides coverage for a specific period, endowment policies offer coverage for the entire lifetime of the insured person. The policyholder pays regular premiums into the plan, which accumulate over time. A portion of … Read more