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An underwriter is the insurance professional who decides how risky it is to insure someone and what price makes sense for that coverage. When you apply for insurance, whether it’s …
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Underlying interest refers to the asset, rate, or financial item that gives a derivative its value, such as a stock, currency, interest rate, or commodity. If you’ve ever heard about …
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Underinsured motorist coverage helps protect you when the at-fault driver’s insurance isn’t enough to pay for all your accident-related losses. Getting into a car accident is stressful enough. It becomes …
What Is Underinsured Motorist Coverage? – Simple and Easy Explanation Read More
Unauthorized reinsurance happens when an insurer transfers risk to a reinsurer that is not licensed in the insurer’s home state. Unauthorized reinsurance sounds technical, but the idea is actually pretty …
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Umbrella and excess personal insurance gives individuals extra liability protection when basic insurance limits are not enough. Understanding Umbrella and Excess Insurance in Simple Terms Life comes with risks, and …
What Is Umbrella and Excess (Personal) Insurance? – Simple and Easy Explanation Read More
Umbrella and excess commercial insurance provides extra liability protection when a business’s basic insurance limits are not enough. Understanding Umbrella and Excess Insurance in Simple Terms Running a business always …
What Is Umbrella and Excess (Commercial) Insurance? – Simple and Easy Explanation Read More
Unallocated Loss Adjustment Expense (ULAE) refers to the general costs an insurance company incurs to handle claims that can’t be linked to any single claim. Understanding ULAE in Plain Language …
What Is Unallocated Loss Adjustment Expense (ULAE)? – Simple and Easy Explanation Read More
A treaty is a reinsurance agreement where an insurance company and a reinsurer agree in advance on how risks and losses will be shared. Understanding a Treaty in Simple Terms …
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Travel coverage helps protect your money when unexpected problems disrupt your trip, from cancellations and delays to lost luggage and rental car damage. Understanding Travel Coverage in Everyday Language Travel …
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Total revenue is the full amount of money an insurance company earns from premiums, investments, and other income sources during a specific period. Understanding Total Revenue in Simple Terms When …
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