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Q: Certificates of insurance are only used when?
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When was the first indemnity insurance model used?

The first indemnity insurance model used was fee-for-service plan. This plan required insurers to pay for services only after they were rendered.


If you have motorcycle insurance do you still need car insurance to drive your car?

Yes. motorcycle or bike insurance is different from car insurance. Motorcycle insurance can be used for bikes or motorcycles only, whereas car insurance can only be valid for cars. Thus, in case you have both the vehicles, under the Motor Vehicles Act, 1988, you have to buy the insurance for both your vehicles(car and bike) separately.


Why would a business display certificates in their reception?

Some certificates are displayed for legal reasons. They provide evidence of things like Employers Liability Insurance, or correct licensing. They can also be used to advertise a company's expertise in a specific area such as Food Hygiene certificates in a food establishment.


What is short term health insurance used for?

This type of insurance coverage is used for people who believe they only need this coverage for a short period of time. Some people do not want to sign up for a long term health insurance plan.


What is the difference between managed care health insurance and traditional insurance plans?

Managed care health insurance will only cover when you need intensive care or a nursing home. It's mostly used as a suplamental insurance.


What can insurance be used to cover?

Insurance can be used to cover a number of things such as: life insurance, auto insurance, travel insurance, home insurance, and business or corporate insurance.


Is there special Insurance you can get if you purchase used cars?

The insurance you would get fir used cars would depnd on the value of the car. That mostly only matters if you get damage coverage that isn't jsut liabilitiy.


What kind of policy issues certificates of insurance to insureds?

group insurace