Insurance Considerations
Discuss the basic types of homeowners policies that are used today. When is each type most appropriate?
Homeowners insurance policies are for people who own or are buying their own home and for people who rent a home or apartment. A homeowners policy can also include a personal liability policy, often referred to as an umbrella policy, that extends the liability limits of other policies in case a court awards higher amounts than a policyholder's limits. Personal property riders for expensive property can be added to a homeowners policy to cover items and belongings that are higher risk for damage or theft. Special riders can also be purchased to cover natural disasters that may be excluded from homeowners policies, such as earthquake, flood, or tornado; minimally, a homeowner should be sure that their property is not underinsured.
Discuss the pros and cons of purchasing the rental car damage waiver.
Some personal car insurance policies extend to rental cars without additional cost. The coverage on the rental car reflects the full coverage on a personal vehicle on the personal insurance policy. The same deductibles on the car insurance policy apply to the rental car. Moreover, when traveling from state to...
Insurance Fraud After tax evasion, insurance fraud is considered the highest-ranked among white-collar crimes. The original concept of insurance, as a for-profit endeavor, was to collect funds from a large number of people to pay for damages and accidents that involved a small percentage of the population that paid premiums. Insurance fraud is an ever-growing problem. Solving or eliminating this problem requires the resources and knowledge of individuals or associations with
Policy Recommendation for Collaboration and TSA Privatization The objective of this study is to evaluate the benefits of collaboration between the federal government and non-profit organizations. The study cites different examples of collaborations across the world and their achievements. Moreover, the paper investigates whether it is beneficial to privatize the TSA (Transportation Security Administration) since the organization has performed below the international standards in the last few years. Finally, the study
Property and Liability Insurance For a number of years insurance companies have in a way or the other tried to deviate from insurance that is known as all-risk or if you like comprehensive in scope. Computer risk revelations under both liability and property policies are recorded as the most recent threat that the insurance companies has piled efforts to push into stand-alone subject policies all rather definite insurance policy endorsements to
Property and life insurance are complex issues with details that are relevant to any policy holder and invaluable for all policy holders to look into. There comes a point in time when it is important for a person to buy life, or property insurance. This is particularly so for a single parent who wants to care for her children in the eventuality of her death or for a business owner
Misconceptions and Confusion in Healthcare Coverage Among Elderly Populations A small podiatry practice in Northeastern Missouri becomes the scene of a tragedy which takes place in plain sight, as there is not a day that goes by where at least one or more patients will be charged for their office visit despite mistakenly believing they would be covered. Unanticipated medical costs can be devastating even for adults in their prime of
Marine Insurance The concept of Marine insurance is something that has been developing at a fast rate of late. (Marine Insurance: Barlow, Lyde and Gilbert) What exactly is insurance and how long has the concept been recognized? Insurance can be defined as a form of provision of a safety net for the distribution of risks. This is generally made in the form of a financial provision that is meant to protect
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