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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.
- Home Insurance
- Auto Insurance
- Motorcycle Insurance
- Life Insurance
- Health Insurance
- Renters Insurance
- Pet Insurance
Home insuranceoffers reimbursement after damage to your property. This coverage is purchased by folks who own their homes outright. Home insurance covers many threats to your home and personal property, such as fire damage, lightning strikes, vandalism, falling objects, snow damage, certain types of water damage and much more. Home insurance typica...
Car insuranceoffers reimbursement for accidents or other types of vehicle-related incidents, depending on the types of coverage you select. At least some car insurance is required in every state, but the exact required coverages vary by location. Anyone who owns a vehicle is required by state law to at least buy the minimum mandatory coverage. This...
Motorcycle insuranceworks very similarly to car insurance. However, the minimum motorcycle insurance coverage required in most states is only liability: bodily injury liability and property damage liability. Other forms of coverage, such as collision and comprehensive, are often optional. Comprehensive coverage for motorcycles, similar to how it op...
Life insuranceprovides a payout (known as the “death benefit”) to a chosen person (known as the “beneficiary”) at the time of your death. This coverage is purchased by a wide range of folks, including adults who want to protect the financial future of their spouse or dependents. However, even those without dependents may purchase life insurance to ...
Health insuranceprovides reimbursement for medical expenses, including doctor visits, prescription medications and other covered expenses. A few select states currently require health insurance by law, including California, Massachusetts, New Jersey, Rhode Island, Vermont and Washington D.C. Folks in these areas may face state penalties if they don...
Renters insuranceprovides similar protection to home insurance, but policies are designed for and purchased by folks who rent their homes. Renters insurance covers many of the same disasters home insurance does, including fire damage, vandalism, theft and lawsuits against you for bodily injury or personal property damage to others. In contrast to h...
Pet insuranceoperates similarly to how health insurance works for humans and is often purchased by folks who have pets that may require frequent, expensive veterinary trips or medications. Coverage is available at three different levels, and basic coverage can protect against accidental injuries, poisonings and sickness. Comprehensive pet insurance...
Feb 28, 2024 · Insurance is a contract (policy) in which an insurer indemnifies another against losses from specific contingencies or perils. There are many types of insurance policies. Life, health,...
- Julia Kagan
- 1 min
Feb 29, 2024 · Group insurance is a policy offered to people belonging to a certain group, such as employees of a company or members of an organization. Usually, the coverage ceases once the insured is no longer a member of the group. Insuranceopedia Explains Group Insurance.
Mar 31, 2023 · Insurance is an agreement between an individual policy (or a business) and an insurance company. Under this agreement, the policyholder pays premiums to the insurer in exchange for financial compensation in the event of a covered incident.
4 days ago · insurance, a system under which the insurer, for a consideration usually agreed upon in advance, promises to reimburse the insured or to render services to the insured in the event that certain accidental occurrences result in losses during a given period. It thus is a method of coping with risk.
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Aug 21, 2024 · Group insurance covers a group of people related to each other by some defined criteria, i.e., members of society or any professional association, employees of an entity, employees working under the same employer, etc. It can be life insurance, health insurance, or any other type of personal insurance.
