0
Can you describe the difference in coverage between family and individual insurance plans?
Family insurance plans typically cover multiple family members under a single policy, while individual insurance plans only cover one person. Family plans are often more cost-effective for families with multiple members needing coverage, while individual plans are tailored to one person's specific needs.
What else can I help you with?
What is the difference between mutul fund with insurance?
In order for there to be a difference, there must be two nouns and a conjunction. I assume the question thus refers to mutual fund and insurance. They are completely different, the best way to describe the difference is simply by stating their definitions. A mutual fund is a fund to invest for several people to pool their resources. Insurance is a contract in which the client pays a given amount for a contingent payment in the future should a given event occur.
What best describe life term insurance?
Life term insurance is temporary life insurance that lasts for a specific period of time. Term life insurance may last from 1-30 years. Common terms for term life are 10, 15, 20, or 30 year periods of coverage. If you outlive the term of your policy, the life insurance coverage expires. Renewable term life insurance allows you to renew your policy at expiration without having to take a physical exam to qualify for another policy. Term life is not an investment, there is no buildup of cash value within the policy.
Growth in insurance sector in India?
the Indian insurance sector is projected to grow from about rs.28000 crores in 2006-07 to rs.50000 crores in 2012-13. describe the growth & evolution in the insurance sector in India.
Is life insurance preminums more than cash value insurance?
Google the types of life insurance first. You need to learn a little about life insurance. The terms you are using and spelling are weird. Most people use cash value insurance to describe a type of life insurance.I do not really understand what you mean but, from my experience, I can only guess that by life insurance you mean term life insurance. If that is the case, then, in most situations, term life insurance has lower premiums than cash value life insurance (whole life, universal life...). Be well! mcdlife.com
Describe some situations in which project management would probably not effective?
These would be individual projects. You do not need to have a big team of people when you are doing a little project.
What is the difference between full coverage auto insurance and comprehensive and collision insurance?
This is a good question. Full coverage was a term that used to be used in insurance to describe a policy that had liability, comprehensive, collision and any other endorsements that the client wanted such as rental coverage and whatever else. Due to it being the day of suing over everything we don't use the term any more because too many attorneys have convinced people that full coverage had to mean every possible coverage that there is and then some even though the person knew what they bought. No individual responsibility for reading the policy or at least the declarations summary page, just sue. So now we don't say full coverage any more, we name each coverage separately.
What is the term used to describe the periodic amount of money the insurer pays to a health plan for insurance coverage?
Capitation.
How do you describe liability automobile insurance coverage?
Liability coverage is to pay for the other party's damage in an accident that is your fault. It is divided into two parts, bodily injury and property damage. You have a choice of selecting what amount of coverage you wish to purchase.
What is forced placed Insurance?
Forced Placed insurance is the coverage obtained by your Lienholder when you fail to comply with the insurance required by your agreed finance note. Forced Placed coverage will not provide you with liability insurance that meets your states Financial Responsibility requirements, it only insures the lienholders interest. The terms of your finance contract will describe the required coverage. Failure to comply with the terms of your finance contract results in the lienholder obtaining it to protect their interest in the financed property.
What is Broad form coverage?
A term used to describe comprehensive extended insurance coverage that often covers losses resulting from breakage of glass, falling objects, weight of snow, ice or sleet and water damage.
What is property and casualty?
Property of course is just that insurance for a particular property, the definition of casualty is ''Insurance coverage for loss orliability arising from a sudden, unexpected event such as an accident" so the term property and casualty insurance is losely used to describe, policys that contain coverage for a specific property and liablity protection. Most people would say, auto, home, boat, motorcycle insurance would be among these.
How do you describe cloud coverage?
Cloud coverage can be described in percent and decimal.
Does full coverage insurance cover unlicensed driver?
Not necessarily. Full coverage does not describe who is covered, but what is covered. In fact, full coverage is not an industry standard term. Most people that use that term, mean that they are carrying comprehensive and collision coverage. Those are the coverages that repair your vehicle after an accident. Every insurer is different in terms of who must be listed on your policy to be covered. Please check with you agent to be certain how your policy works. Source: Insurance Agent 8 years.
What Can I Actually Do To Help Keep My Insurance Charges Controlled?
The clear method to take control of your insurance expenses is by using what insurance professionals describe as "risk management." Using risk management methods, you identify the prospect of your company experiencing a loss of revenue, and think about whether it requires coverage for your loss.
What is the difference between Errors and Omissions Insurance and Professional Liability?
They are one and the same thing. The term "Malpractice Insurance" to describe a professional liability insurance policy is most often used in the medical professions and sometimes legal professions.
Do I Need Insurance When Leasing a Vehicle ?
If you lease a vehicle, you still need auto insurance. Leasing a vehicle can make perfect sense for many consumers, but most banks will require that you purchase full-coverage car insurance to cover any damages or liabilities that you might cause during the course of operating the leased vehicle.Insurance for a Leased VehicleFull coverage insurance is a term that is used to describe insurance that is above the minimum amounts that are required by your state. A full coverage insurance policy will cover the market value of the leased car if you experience a loss while you are driving, and this type of insurance will pay regardless of who causes the accident. Full coverage insurance includes comprehensive insurance coverage and collision insurance coverage as well as coverage to protect you from uninsured and underinsured motorists on the road. A full coverage policy is more expensive than a liability-only policy, since a liability-only policy will only cover damages to other drivers or to property; it does not cover any damage to your vehicle.Limits Required by Leasing BankYou should also check with the leasing bank to determine the limits that your full coverage policy will need to cover. More than likely, your leasing bank will require that you carry a higher limit than your state requires. An increased limit will protect you in the event that you are involved in a serious auto accident.Gap InsuranceIn addition to regular auto insurance, you may be required to purchase "gap" insurance when you lease a new car. While most leases will require that you carry full coverage insurance, including comprehensive and collision coverage, on a leased vehicle, many will also require the purchase of gap insurance. As the name implies, gap insurance is insurance that will pay for any gaps between what your insurance pays and what is owed on the lease if you experience a loss. Gap insurance is important because vehicles depreciate in value, and if you have a loss early on in your lease, you may find yourself owing more on your leased vehicle than the insurance company is willing to pay. Sometimes this gap insurance is bundled into the cost of your lease and you don't have to actually choose an insurer or add anything onto your insurance policy. When compared to the coverage that it provides, it is generally inexpensive and adds just a few dollars each month onto your lease payment.
What are green slips used for in Australia?
In Australia, the term "green slip" is used to describe a type of insurance policy. It provides you with accident coverage in case you or someone driving your car are involved in an accident.
