INTRODUCTION Renters insurance in USA is an insurance policy that serves to protect the policyholder and personal effects as a renter of residential accommodations or commercial premises. The word, renters insurance and home owners insurance are not the same even though some persons use same interchangeably. This is because renters insurance applies to renters or…
MEANING OF INSURANCE BROKERS Insurance Brokers in Nigeria are part of the chains in the insurance business. They act as middlemen between prospective policyholders. The primary roles of insurance brokers are negotiating, selling and soliciting on behalf of Clients (a prospective policyholder) in exchange for a compensation or commission. Also, insurance brokers do not…
In the United States of America, the regulation of insurance is in under the control of states and not on Federal Authorities. Thus, every state has an insurance department that oversees it’s insurance business, create policy standards, make insurance laws and regulate the industry in its entirety. In this article, we shall be taking you…
WHY COMPREHENSIVE CAR INSURANCE? The need for and benefits of comprehensive car insurance has arisen owing to the fact that the third-party insurance policy does not provide a wide car insurance coverage. The third party car insurance policy only covers third-party damages by your car which does not provide coverage for the policyholder’s vehicle. Third…
There are costs of buying car insurance. These costs are by way of premiums payable for the purpose of enjoying car insurance coverage in any country whatsoever. To enjoy the coverage, the cost must be paid in advance to the insurance company without which no insurance contract will crystallize. In this article, we shall discuss…
The essence of this topic is to discuss the subject, unemployment insurance. However, it is important to understand what unemployment is all about before delving into the nitty –gritty of the topic. Unemployment is a term which refers to a situation where a person with requisite qualification actively searches for employment but is unable to find. The…
There has been a debate on whether lightening Macqueen insurance will be car insurance or a life insurance policy. This topic will examine the nature of the lightening Macqueen. And the kind of insurance policy suitable for it. What is Lightening Macqueen? Lightening Macqueen which is originally known as Montgomery Macqueen is a sort of…
There are different types of insurance. And this is the main focus of this article. Here, we shall take you through these types of insurance, its meanings, types, as the case may be, advantages and disadvantages etc. Broadly, there are 8 types of insurance, namely: Life Insurance Property insurance Travel insurance Motor insurance Health insurance…
Meaning of insurance policy Insurance policy is a contract or agreement between the insurer and the policyholder. The contract is of such a nature that it spells out the rights and obligations of the parties to the insurance contract. That is to say, it determines the claims which the policyholder or his beneficiaries or third…
There are various benefits of auto insurance especially when you are involved in an accident. In the event of an accident and you do not have auto insurance policy, you will have to pay for all expenses such as the costs of medicals, repairs, law suits and others out of your own pocket. On the…