In California, there exists insurance coverage for damages from wildfire. This is owing to the fact that for a long time, wildfire in California has become more frequent. And even more severe. These fire incidents which most times emanate from heavy forest areas times escalate to residential communities and cause serious economic, health, property damages…
Most times while on a journey on our cars, accidents by way of collision happen and there is need to fix our cars. This is the whole essence of collision insurance. In this Article, we shall take you through the meaning of the term, its importance, its types and others. MEANING OF COLLISSION INSURANCE This…
MEANING OF BUSINESS INSURANCE Business insurance is a type of insurance policy that protects a business owner against financial losses. These loses may arise from various incidents which negatively affects the life, survival and operations of his business entity. And associated investments. It is also known as commercial insurance. Buying business insurance policy will help…
In this Article we shall discuss the procedure in making car insurance claim in France. Therefore, if you want to make a car insurance claim in France follow the below steps as follows; Complete the appropriate forms for making car insurance claim in France In making car insurance claim in France, you will need to…
Car insurance in France is compulsory. This is to the extent that one must insure his/her cars in France to at least third party liability insurance policy. This is notwithstanding that such cars may not be in use except where all the four wheels are removed. Hence, the failure to insure one’s car in France…
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…