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A package policy is an insurance contract that combines two or more different types of coverage into one single policy, making insurance simpler and often more affordable. Understanding a Package …
What Is a Package Policy? – Simple and Easy Explanation Read More
Owner occupied means a homeowners insurance policy for a property where the owner actually lives in the home. When shopping for homeowners insurance, you’ll often see the term owner occupied. …
What Is Owner Occupied? – Simple and Easy Explanation Read More
Other underwriting expenses are the business costs insurers have that aren’t claims-related or investment-related but are still part of running insurance operations. When people think about insurance costs, they usually …
What Are Other Underwriting Expenses? – Simple and Easy Explanation Read More
Other liability insurance helps protect you financially if you’re legally responsible for causing injury or property damage to someone else. Liability insurance is one of those things most people don’t …
What Is Other Liability Insurance? – Simple and Easy Explanation Read More
Other considerations refer to certain annuity-related deposits that include insurance risk but aren’t counted as regular premiums or standard annuity payments. When reading insurance or annuity documents, you may come …
What Are Other Considerations? – Simple and Easy Explanation Read More
Other Accident and Health insurance covers medical and injury-related protection that doesn’t fit neatly into group or credit health insurance categories. Health insurance doesn’t always come in simple, easy-to-label packages. …
What Is Other Accident and Health Insurance? – Simple and Easy Explanation Read More
An option is a financial agreement that gives you the right—but not the obligation—to buy, sell, or settle something based on how its price or value changes. The word option …
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An officer is a key person in a company who holds an official leadership role and helps manage daily operations and major decisions. When you hear the word officer in …
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Ocean marine insurance protects ships, cargo, and businesses involved in transporting goods by sea or inland waterways, helping cover losses, damage, and liability risks. If you’ve ever wondered how goods …
What Is Ocean Marine Insurance? – Simple and Easy Explanation Read More
An occurrence in insurance refers to an accident or harmful event that causes bodily injury or property damage during the policy period, as long as the damage was not expected …
What Is an Occurrence in Insurance? – A Simple and Easy Explanation Read More