Meaning of Employment Insurance Employment insurance in Canada is a class of insurance policy that provides temporary income in the event of unemployment or inability to work as a result of various factors such as pregnancy, sickness/illness, caring for a sick family member, nursing a new born, or caring for an injured person and others….
As we have discussed in our various articles, the whole essence of insurance is the reimbursement or the provision of indemnity by the insurance company to the policyholder. This indemnity is what is known as insurance claim. Our main focus in this article is to discuss what insurance claims means, its types and others. Meaning…
Meaning of fire insurance Fire insurance is a kind of insurance policy that operates to protect the policyholder against the losses and damages resulting from fire outbreak. It is a form of property insurance. A great percentage of its policies come with some form of fire coverage. However, some landlords usually buy additional fire protection…
Mortgage insurance is one of the insurance policies that people shy away from. For most people, it is not as if they unaware of the benefits of mortgage insurance, but because of its financial implication on their finances as some are not willing to commit extra financial output. However, notwithstanding whatever the financial implication of…
What is mortgage? Before delving into what mortgage insurance means, we shall try to find out what mortgage means. A contract of mortgage is an agreement between a lender and a borrower whereby the former (lender) acquires the right of ownership over the borrower’s property in the event he fails to make good the transaction…
An insurance agent is person who works for an insurance company. The work is by way of selling the insurance products of the insurer or insurers he works for only. In order words, he does not and ought not to work for two insurance companies at a go. However, independent Insurance agents sell insurance policies,…
Introduction Liability insurance for contractors is one of the major classes of insurance. This is because of the enormous risks of the business of contractors. Although, the contractor business can be profitable, it is however with limitless risks. These risks emanate from the start of a project to its eventual execution. These risks can even…
Insurance brokers in the United Kingdom are under the regulation of the Insurance Brokers (Registration) Act 1977. The essence of the law is to prevent broking firms who although hold themselves out as insurance brokers actually act as Representatives of Insurance Companies. The term has no legal definition following the repeal of the 1977 Act….
INTRODUCTION Health insurance in turkey is so robust that there is provision of comprehensive health care for all. This is as a result of the implementation of health reforms in Turkey over the last ten years. These reforms and improvements in her health care system have made Turkey a health Tourist Centre for health tourists….
Private health Insurance in UK is an Insurance Policy that covers the costs of private healthcare. Its coverage is right from diagnosis to treatment. However, you will usually pay a certain amount on a monthly basis. And in return, make claims for any eligible medical care you receive. Moreover, depending on your agreement with your…