Non-life insurance policies provide coverage to protect consumers against the risk of their insurance premiums. These types of policies are more common in European countries.Know More
Insurance premiums, such as those that cover someone's life, home or car, do carry some risk for the consumer. While it covers the majority of expenses, there is still a risk that a person will have to pay some money if the person does need to file a claim against the insurance policy. Non-life insurance provides additional protection against this risk.
Non-life insurance can also be used to protect financial investments. It can ensure that assets are safely covered for investors. There are a number of regulations and guidelines pertaining to non-life insurance terms, all of which vary based on the customer's specific situation.Learn more about Insurance
For Zone X, a moderate-to-low-risk zone, annual residential flood insurance premiums range from about $140 for $20,000 building and $8,000 contents coverage, to about $455 for $250,000 building and $100,000 contents coverage, as of 2015, states FloodSmart.gov. For Zone AR, a licensed insurance agent must calculate property premiums.Full Answer >
Homeowner's insurance policies often provide liability insurance, including coverage for dog bites. Several insurance companies refuse to cover dogs such as pit bulls or American Staffordshire terriers, but policies are available from companies such as the Einhorn Insurance Agency.Full Answer >
Individuals who believe people have left them life insurance policies should search personal records of the decedent and contact possible insurers, according to Consumer Reports. If the family member or relative died several years previously, searchers should access state unclaimed property office records.Full Answer >
Whole life insurance plans come with a guaranteed accumulation of cash value and unchanging premiums, whereas universal plans include customizable death benefits, savings and premiums. Whole life insurance offers protection for as long as the policyholder lives, while universal plans have more flexibility.Full Answer >