When you need to buy insurance, your first point of contact is usually an insurance agent. But who is this person? An insurance agent is a licensed professional who serves as the crucial link between you, the consumer, and the insurance company. This article will clarify exactly what an insurance…
When shopping for insurance, you may have encountered the term “admitted company” or “admitted insurer.” What does that mean? It sounds like industry jargon, but it’s a distinction that directly affects your financial protection. This article will explain exactly what an admitted company is, the strict insurance regulations they must…
Imagine you are completing a preflight check on a perfect day for flying. Suddenly, a ground service vehicle misjudges a turn and strikes your aircraft’s wing. Or consider an unexpected mechanical issue that forces an emergency landing, resulting in damage. These scenarios highlight the significant risks involved in owning and…
Imagine a sudden storm sends a tree branch crashing onto your car, or a kitchen fire damages your cabinets. In these stressful moments, you rely on your insurance. But how much will your policy actually pay you for the damage? The answer often depends on a term called “actual cash…