Search results
Results from the WOW.Com Content Network
A home insurance binder is a temporary agreement between you and an insurance provider that provides coverage until a formal insurance policy is issued. Since it’s a temporary arrangement, it ...
ACORD also provided expertise on digital data standards for a collaboration with IBM, ISN, and Marsh to streamline the proof of insurance process with the help of blockchain technology. The partnership is an attempt to eliminate the time- and labor-intensive paper insurance certificates that dominate the global insurance market. [9]
Binder Twine Festival, an annual festival in Kleinburg, Ontario; Phosphate binder, a medication used to reduce the absorption of phosphate; Reaper-binder, a type of farm equipment; A garment or bandage used for breast binding; A base class in the role-playing game Dungeons & Dragons; Insurance Binder, a contract of a temporary insurance policy
A standard home insurance policy might not meet some homeowners’ needs. Most home insurance policies do not cover earthquake or flood losses. If you live in an area prone to earthquakes or ...
A loss payee clause (or loss payable clause) is a clause in a contract of insurance that provides, in the event of payment being made under the policy in relation to the insured risk, that payment will be made to a third party rather than to the insured beneficiary of the policy.
Furthermore, many insurance companies offer a claims-free discount, which would likely not be applied to a homeowners insurance policy if there is a history of small claims. Frequently asked questions
In insurance, the insurance policy is a contract (generally a standard form contract) between the insurer and the policyholder, which determines the claims which the insurer is legally required to pay. In exchange for an initial payment, known as the premium, the insurer promises to pay for loss caused by perils covered under the policy language.
An owner controlled insurance program (OCIP) is an insurance policy held by a property owner during the construction or renovation of a property, which is typically designed to cover virtually all liability and loss arising from the construction project (subject to the usual exclusions).