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Insurance

Occurrence policy

A type of insurance that covers expenses for occurrences that happen within a specific period, regardless of when the claims are made. This policy provides financial protection for unforeseen incidents that may arise in the future. It ensures that the policyholder is not liable for costs associated with these events, even if they take place years after the policy has expired. This type of coverage is valuable for individuals and businesses alike, as it offers peace of mind and safeguards against potential financial burdens.

Express warranty

Contracts often include a warranty, which is a promise that a product or service meets certain standards. This warranty is a legally binding agreement between parties and sp...

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Renewable term

Let's talk about life insurance policies. These are contracts that provide financial coverage to the beneficiaries of a policyholder upon their death. One type of life insur...

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Liability insurance

Insurance is a contract between a policy-holder and an insurance company where the former agrees to pay a premium in exchange for coverage in case of any financial losses du...

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Pre-existing condition

A pre-existing condition refers to a health issue that is present before the start of a health insurance policy. This can include any illness, injury or condition that has b...

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