What Is An Aggregate In Insurance
An aggregate in insurance is the maximum amount an insurer will pay for all covered claims during a single policy period, usually one year. It is the total cap on...
Claims
Guides on insurance claims processes, including retention, excess, adjustment, and how to communicate with insurers.
What Does Occurrence Mean In Insurance
An occurrence in insurance is an event that causes damage, loss, or injury during your policy period, and the coverage is triggered by the date the incident happened, not when...
What Information Is Found In The Conditions Part Of An Insurance Policy
The conditions part of an insurance policy is the section that establishes the mutual rules, obligations, and rights that both you and the insurance company must follow for the contract...
What If Insurance Pays More Than Repairs?
If your insurance pays more than repairs cost, the outcome is not standard: you must confirm with your insurer before spending the difference, because keeping it without approval could be...
What Is An Insurance Write-Off?
An insurance write-off is when an insurer decides a damaged vehicle is a total loss because it's too expensive or too unsafe to repair, and instead of paying for repairs,...
How To File A Claim On Someone Else's Insurance
To file a third-party claim after a car accident, you file a claim with the at-fault driver's insurance company rather than your own. This process begins at the scene by...
How To Write A Letter To An Insurance Company
To write a letter to an insurance company, you need to state your issue clearly, include your policy and claim numbers, and request a specific action. A typed, professionally formatted...
How Does Spot Pet Insurance Work?
How does Spot pet insurance work as a reimbursement-based pet health insurance product for dogs and cats? You pay the vet upfront, submit a claim through the Spot app or...
What Is Less Depreciation On An Insurance Claim?
Less depreciation on an insurance claim means the insurer does not subtract part of the item’s value for age, wear, or usage when settling the claim, so the payout is...
What Is Insurance Pooling?
Insurance pooling is the practice of combining many separate risks into one group so the total cost of losses becomes more predictable and affordable for everyone involved. By contributing premiums...
What Is An Insurance Adjustment?
An insurance adjustment is the settlement or modification of an insurance claim, where the insurer reviews the claim and determines the amount to pay after considering objections, new information, or...
What Does Excess Mean In Insurance?
So what does excess mean in insurance? It's the amount you agree to pay out of pocket on a claim before your insurer covers the remaining costs, also known as...
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