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- 704 S State Rd 135 Suite D #421, Greenwood, 46143, IN
- (317) 534-6800
- Premiums. When you purchase an insurance policy, you'll be required to make regular payments, known as premiums. These payments are typically made monthly or annually and are the cost of maintaining your insurance coverage.
- Deductible. Think of a deductible as the money you have to shell out from your own pocket before your insurance kicks in to help cover your expenses. It's like the upfront cost you need to cover before your insurance really starts working for you.For example, if you have a $500 deductible and make a claim for $1,000, you'll need to pay $500, and your insurer will cover the remaining $500.
- Policyholder. The policyholder is the person who owns an insurance policy. This individual is responsible for paying premiums and making claims under the policy.
- Coverage Limit. Every insurance policy has a coverage limit, which is the maximum amount your insurer will pay out for a covered claim. It's crucial to understand your policy's limits to ensure you have adequate coverage.
Glossary. Insurance terms. Explore our glossary of insurance related terms used by the Lloyd’s Corporation and market participants. Please note that the definitions are intended for general guidance and they do not override or qualify any definition that appears in any Lloyd’s byelaw or regulation, in any contract or in any other document. submit.
Nov 23, 2022 · Long-term care coverage. Long-term care insurance, also called LTCI, pays out the cost of medical and non-medical services provided for senior-aged individuals who have lost the ability to care...
facing losses due to COVID-19 and most are restricting cover for renewing insurance programmes by imposing broad disease exclusions. The scale of the COVID-19 crisis highlighted to insurers the possibility that they could be exposed to a number of coronavirus-related losses across their portfolio — whether or
When you make an insurance claim, you may come across unfamiliar legal terms. Here we provide a brief explanation of the most common terms you may read in your insurance documents…. ab initio: Literally ‘from its inception’; a breach of a condition which may lead an insurer to treat a policy as null and void.
It's when you've had symptoms, medication, advice, treatment or diagnostic tests for a disease, illness or injury before you take out the policy. We need to know about these conditions, even if you weren't diagnosed at the time, so we know what we can and can't cover.
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What does health insurance cover? We’ve put together a checklist of what’s usually covered by private health insurance, and what might be excluded, so you can choose the best health insurance for you.
