Search Results for: invest

Does Homeowners Insurance Cover Roof Damage?

Your roof is an exposed part of your home that is vulnerable to numerous threats. Homeowners insurance policies usually cover repairs or replacement when damaged due to an insured loss. Home insurance policies typically include dwelling coverage that protects roofs; however, any claims are reduced by your deductible amount and must meet certain thresholds to […]

What Is Premium On Insurance?

Premiums are payments to insurance companies in exchange for coverage. They may be paid monthly, quarterly, semiannually or annually and determined based on factors like policy type, risk analysis and demographic data. Underwriters carefully consider dozens or even hundreds of factors when underwriting policies to assess their risk level and ensure an acceptable risk profile […]

Insurance: Avoiding Companies Quick To Collect Premiums But Slow In Claims Payment

Fairness be told, the problem of insurance companies refusing to honor financial obligations is not unique. While all organisations are rightly focused on revenue generation, some companies become reluctant to fulfill financial promises made to clients. Recently, I did an experiment with my mobile phone provider. After a two-year contract, my contract was about to expire. I […]