When a person seeks insurance protection, he enters into a contract to insure him against property loss or damage by fire, lightening, explosion, or other incidental events. This contract is principally a contract, and is therefore governed by the general laws of contract. It does have some special features that are common in insurance transactions such as […]

INTRODUCTION “Insurance should always be purchased to protect against financial disasters.” Insurance allows someone to get compensation for their loss or accident. Insurance allows you to protect your financial, health and financial well-being from everyday threats. In India, insurance was established in 19th century without regulation. It was typical of colonial times: there were few British-owned insurance […]

Massachusetts workers who are temporarily unemployed due to no fault of their own can receive benefits from unemployment insurance (UI). Workers who have lost their jobs and are now able to work and available to find work can get unemployment insurance. 1.) A weekly check is one of the individual benefits that an individual receives from unemployment […]

The primary way to increase revenue and cash flow is to reduce the time it takes to collect payments. HIPAA electronic transactions can greatly streamline the insurance collection process. Electronic Submission (837 Professional & Institutional) versus US Mail. It is common to submit claims electronically, but it is important that you highlight the efficiency of electronic […]

Home Sale Services, Inc. (www.homesaleserviceinc.com) has launched a series of articles addressing the costs of real estate settlement. The title insurance is the second article in this series. Title insurance is one of the expenses associated with a real property purchase. All lenders in Pennsylvania require title insurance when they provide funds (mortgages), to purchase real property. This […]

Reinsurance industry is moving to sign contracts at inception. Is it possible? Introduction The Sellers and Buyers in reinsurance have always been notoriously slow to get “actual contracts” negotiated and drafted. All of us are familiar with the stories of “handshake agreements” and “cover notes written onto napkins”. Everyone knew each other, and deals were made as […]

It is essential to have Virginia car insurance. Data from the Virginia Department of Motor Vehicles (DMV), showed that 180 people were hurt in car accidents in the state in 2019. In Virginia, there were 827 deaths in that same year. Virginia drivers must have car insurance to drive legally. It doesn’t matter how many times you drive or how old […]

Highway safety boards and automobile insurance companies are increasingly concerned about the consequences of texting while driving. Nearly 90% of car accidents involve human error and thousands are killed in distracted driving-related car accidents. Many of these cases were caused by distracted driving, with many drivers reading or sending texts while driving. Many states now prohibit texting […]

Temporary auto insurance can be a tricky prospect and doesn’t always work out as customers expect. It is possible to get temporary auto insurance if you are careful and understand the process. In many cases, traditional auto insurance policies might not be feasible. These situations are where one-week auto insurance is a good option. It can reduce the […]

There are few things more exciting than buying a car. Although it’s less exciting than buying a car, you must shop around for car insurance. This is a legally required component of buying and operating a vehicle. Now that you have found the perfect vehicle, it is time to ensure it remains protected. How to get car […]