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What are the difference between the marine Insurance policy and insurance certificate?
A Marine Insurance Policy is the actual contract of insurance between the insurer and the insured. Most of these policies are what is being referred to a Open Marine policies which means that the policy covers many shipments under one policy. An insurance certificate is issued for a particular shipment that the insured declares under the Open policy. The insured does not issue a policy for each individual shipment.
What is a master insurance policy?
master insurance policy In Marine Policy, one Master or Open policy is issued to the Exporter for a fixed amount. Against each shipment, Insurance Certificate is issued against the Master or Open Marine Policy. When the total amount of the Master policy is exhausted,either the value is enhanced or a separate Master Policy is issued to the exporter.
When can I add someone to my health insurance policy?
You can typically add someone to your health insurance policy during the annual open enrollment period or within 30 days of a qualifying life event, such as marriage, birth of a child, or loss of other coverage.
At what age should one consider getting life insurance?
It is suggested that a person should always have a open policy if only to cover funeral cost for an untimely death.
What is difference between open cover and open policy?
An open policy and an open cover have the exact same meaning. They both cover loss or damage to goods that are being transported by a specific carrier but they differ in a manner where in Open cover is not an enforceable contract but an agreement and open policy is an enforceable contract of insurance.
Do you make an insurance payment if your car is totaled?
You should check with your insurance company. If you still have a policy open for the car the premium is still due. But I'm not sure why you'd have a policy if the insurance company said the car was totalled
Under what circumstances would I need to purchase public liability insurance?
Public liability insurance is designed to insure the public that are goign to be visiting your business. You should always purchase this insurance the moment you decide to open a business.
Can a person put another person on their insurance?
If it is Life Insurance, you can select any person you want as beneficiary. If it is Health Insurance, you can add a spouse and/or dependents. This will change your premium so you need to contact your Insurance Company for forms and approval.
What type of services are provided by Open and Direct Insurance?
Open and Direct Insurance offers a number of services, the most popular of which are their long term life investments, home insurance, and auto insurance.
What are classes or types of marine insurance?
The types of marine insurance are:- 1.valued policy 2.unvalued or open policy 3.floating policy 4.voyage policy 5.time policy 6.mixed policy 7.port policy 8 block policy 9.blanket policy 10.name policy 11.single vessel and fleet policy 12.currency policy 13.wager and honor policy
What is the several risk insurance?
Not sure if this is what you meant to ask but the "open perils" insurance policy covers every peril or type of damage except for what is listed in the "exclusions" section of the policy. Most perils are "named peril" policies which only cover the perils that are listed in the policy.
Is it possible to cancel insurance after open enrollment?
Yes, it is possible to cancel insurance after open enrollment, but you may need to have a qualifying life event in order to do so.
