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Under insurance is the situation where your insurance coverage is less than what is required to cover any loss you would incur. Insurance companies do random checks and base any quotes on the market averages to try to avoid the occurrence of under insurance.

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What are the contributions of insurance to Kenya's economic development?

The role of insurance companies in Nigeria can never be over emphasized, it is the pillar of every successful business. The insurance companies have given Nigerians the faith to invest in business without fear of losing out. Most financial institution may not want to loan to individuals without them endorsing an insurance policy. The advent of insurance companies in Nigeria has greatly improved the development of the country in the area of finance, individual business and public welfare.


What are the economic impacts from tornadoes?

Insurance companies must pay out, loan officers are busy, and building material suppliers get a boom in business. The homeowner suffers.


What is the cost of insurance?

It depends on a number of factors. The first is what type of business you are operating, where you are located in the U.S., and what the rating basis is for the company you are getting the quote from. Some charge on sales, payroll, square footage of your business etc.Your state insurance department is your best resource for insurance-related questions and concerns. Find information on insurance companies and agents, rate quotes and comparisons, insurance buying tips, claims filing information and much more!State Insurance Department websites:


What is the importance of insurance in business world?

So if anything were to happen to your business e.g a fire then you can use the insurance claim to fix it


Are mutual insurance companies inherently stronger than stock or public insurance companies and why?

The mutual business model in no way implies that it will be a stronger company. The only difference between mutual and stock companies is who the profits are paid to. If a company can not produce underwriting profits, it doesn't matter if a stockholder or a policyholder owns the company it will not last. Underwriter profits are fundimental to the overall operation ratio of a company and the operating ratio determines how well the company is doing. Chad Joiner http://insurance-racsun.blogspot.com

Related Questions

Which companies offer business insurance?

There are many different companies that offer business insurance. Some of the companies that offer business insurance are State Farm, Alstate, GEICO and Liberty Mutual Group.


Are there any business insurance companies in Cleveland, Ohio?

One of the Business Insurance companies in Cleveland, Ohio is Oswald Insurance. It appears that they are available to provide insurance for business and perhaps even consumers.


What are the names of some Business Insurance Providers in the UK?

There are several companies that offer business insurance provision, such as AVIVA. Similarly, companies such as AXA and Hiscox also offer business insurance.


What are some companies that offer business travel insurance?

There are several companies that offer business travel insurance, for example, Voyager Annual Insurance, InterMedical Insurance, WorldMed Insurance, and many more.


Who can provide business insurance?

Business Insurance is offered by companies such as StateFarm, Allstate, and Farmers.


What companies offer affordable business vehicle insurance?

There are many insurance companies that offer business vehicle insurance. Basically any automobile insurance company will offer policies for business vehicles. Some of those insurance companies would be, Progressive, Geico, State Farm and Nationwide.


Which companies offer business owners insurance?

There are a variety of companies that offer business owners insurance. Some examples of such companies are "Travelers", "Nationwide", "Statefarm", and many more.


Where can one find business insurance services?

One can find business insurance services by contacting a business insurance agent. They can answer questions about business insurance and determine the best kind for a particular business.


What is the rating for Hartford insurance compared to other insurance companies?

Hartford Insurance is highly rated compared to other insurance companies. They constantly score among the highest companies in the insurance business.


Where can one purchase liability insurance for business online?

You can purchase liability insurance for online business at most insurance companies. Some of the companies that offer this are State Farm, Geico, and Allstate.


How much money did the insurance companies pay during hurricane Katrina?

Insurance companies paid approximately $41 billion in claims related to Hurricane Katrina, which struck in August 2005. This amount includes payouts for property damage, business interruption, and other related losses. The total insured losses were significantly higher, as many homeowners were underinsured or lacked flood coverage, leading to financial strain for both individuals and the insurance industry.


What companies provide business building insurance?

Several companies offer business building insurance. Two of the better known companies are www.farmers.com/business_insurance.html and www.nationwide.com/small-business-property-insurance.jsp, so you may want to start there. An additional resource you may find useful is http://www.business.com/insurance/business-insurance/. At this site you can comparison shop several companies at one time.