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The cost of adding an additional insured to a property or liability insurance policy is generally low, as compared to the costs of the original premium. The underwriting departments of insurance companies, rightly or wrongly, often view the additional risk associated with additional insureds as marginal. Additional insurance coverage and ...
Meaning. Named insured. A named insured, or driver, is usually the main policyholder. ... If your lease agreement requires renters insurance, your landlord might ask to be added as an additional ...
An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and ...
Group life insurance (also known as wholesale life insurance or institutional life insurance) is term insurance covering a group of people, usually employees of a company, members of a union or association, or members of a pension or superannuation fund. Individual proof of insurability is not normally a consideration in its underwriting.
For additional financial protection on and off the road, you might want to add other types of coverage, like roadside assistance, uninsured motorist or gap insurance. Some states require uninsured ...
Dangerous tasks are common in the construction workplace. Workers' compensation or workers' comp is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue his or her employer for the tort of negligence.
An AWV is a key part of keeping your body and mind healthy. Here’s what to expect during your appointment — and key questions to ask while you’re there.
An endowment policy is a life insurance contract designed to pay a lump sum after a specific term (on its 'maturity') or on death. [1] [2] These are long-term policies, often designed to repay a mortgage loan, with typical maturities between ten and thirty years within certain age limits.