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An independent contractor is someone who works for themselves and provides services or goods to clients for a fee, rather than being an employee. Understanding Independent Contractors in Everyday Language …
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An independent agent is an insurance professional who works with multiple insurance companies and helps clients choose and manage the right policies. Understanding Independent Agents in Plain English An independent …
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An independent adjuster is a freelance insurance professional hired by insurance companies to investigate and settle claims. Understanding Independent Adjusters in Plain English When you file an insurance claim, someone …
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The principle of indemnity means insurance is designed to put you back where you were financially before a loss — not better, not worse. Understanding the Principle of Indemnity in …
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Incurred losses are losses that happened during a specific period, whether they’ve been paid yet or not. Understanding Incurred Losses in Simple Terms Incurred losses are a common insurance term …
What Are Incurred Losses? – Simple and Easy Explanation Read More
Incurred claims are the total cost of insurance claims that have happened, including what’s already paid and what’s expected to be paid later. Understanding Incurred Claims in Everyday Terms Incurred …
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Incurred But Not Reported (IBNR) refers to insurance claims that have already happened but haven’t been reported to the insurer yet. Understanding Incurred But Not Reported (IBNR) in Plain English …
What Is Incurred But Not Reported (IBNR)? – Simple and Easy Explanation Read More
An incontestability provision protects policyholders by limiting how long an insurer can cancel a life insurance or annuity contract due to misstatements in the application. Understanding the Incontestability Provision An …
What Is an Incontestability Provision? – Simple and Easy Explanation Read More
Health insurance helps pay for medical care when you’re sick, injured, or need ongoing treatment, so healthcare costs don’t become overwhelming. Understanding Health Insurance in Plain Language Health insurance is …
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Hull insurance protects a vessel or aircraft against physical damage, covering the body of the craft and items permanently attached to it. Understanding Hull Insurance Hull insurance is a type …
What Is Hull Insurance? – Simple and Easy Explanation Read More