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Insurance

Non-owned auto

A private passenger vehicle, such as an auto, pickup truck, van, or trailer, that is not owned or regularly used by the insured or any of their family members is not covered under this policy. This also applies to any vehicle that is in the custody or being operated by the insured or their family members.

Malpractice insurance

"Let's talk about professional liability coverage, which is crucial for individuals in highly specialized fields such as physicians, lawyers, and other professionals. This c...

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Pair-and-set clause

Insurance companies often use a method called "pair and set" valuation to determine the amount of compensation for lost items. This approach takes into account the differenc...

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Survivorship benefit

When an annuitant passes away, the remaining funds from their annuity become available for distribution to the living annuitants. This is known as the death benefit. It is a...

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Salvage

When an insurer pays a claim, they may take over damaged property in order to minimize their loss. This is known as salvage. Insurers have salvage rights over property they ...

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