What is Answerbag?

Ask questions and share your knowledge with the world here on Answerbag. Get the best answers where there are no duplicate questions and questions are always open - our community of over 1,142,000 will find your answer!

Results for "insurance"
Tertiary Insurance Definition
Tertiary insurance is a supplemental coverage plan. It is used primarily for health care but is available for other coverage such as traveling and banking. It provides a safety net in case of rare...
Types of General Insurances
Insurance is the act of insuring something with the understanding that you will get compensation or a payment in the event that the insured subject is damaged, lost, is in an accident or is...
What Is Commercial Insurance?
If you own a business, you may want to consider purchasing commercial insurance. Commercial insurance is insurance for businesses and can protect you from theft, damage, liability and more....
How Do Insurance Companies Establish Premiums?
Instructions Insurance Premiums Defined Step 1: Insurance companies charge premiums to provide people with insurance coverage. Premiums are the payments that the insured (the person who is covered...
Ways to Find Out If an Attorney Has Malpractice Insurance
Attorneys do make mistakes, and they could damage a client's case. Malpractice insurance serves as a safety net for a client to recover if legally injured. But as many as 30 to 50 percent of...
Definition of Medical Co-Insurance
Medical co-insurance is a necessary evil for most people. While insurance is important, few people---especially those who pay for their own health insurance---are able to afford a policy without...
Business Insurance Information
Every small business is exposed to a number of risks that could put the business in jeopardy. Insurance is the means with which a business can transfer that risk to another party--the insurance...
Reasons for Denial of Life Insurance
Insurance coverage can be denied on a health insurance policy for many reasons. Many of these depend on whether an application is being reviewed or a claim has been submitted for benefits. An...
The Structure of the Insurance Market
The insurance market has evolved from the establishment of the first automobile insurance policy to the various types of life insurance products that are available today. The insurance market has a...
What Is an Insurance CSR?
An insurance CSR, or customer service representative, has one of the most important jobs in an insurance agency as the first point of contact for the customer. As an insurance CSR, you will spend a...
What Is a Car Insurance Deductible?
A car insurance deductible is the amount an insured party pays to repair or replace a damaged vehicle before the insurance company begins covering the loss. The car insurance deductible is...
Insurance Basics 101
Insurance is a mechanism whereby an individual or business can receive protection against the loss of life or property by making a payment to a company that provides the protection or insurance.
How Do Life Insurance Policies Work?
Instructions Purpose of Life Insurance Policies Step 1: Life insurance policies provide people with a way to take care of their families in the event of their untimely deaths. Life insurance...
Gap Insurance Information
Car insurance comes with many features and endorsements that can be added to a policy depending on what is needed for coverage. One type of coverage that is available for an automobile insurance...
What Is Private Insurance?
Private insurance is coverage available through insurance carriers and is not controlled by the federal government. This differs from government insurance programs such as Medicaid and Medicare.
Types of Insurance Licenses
Most states have joined the National Insurance Producer Registry (NIPR) so that the classifications of insurance licenses are uniform across the United States. If your state has not joined NIPR,...
Types of Insurance Advisors
Insurance advisers are individuals or organizations that work with people who are looking to purchase a particular type of insurance policy or financial instrument. Insurance advisers are licensed...
How to Find Out If a Life Insurance Policy Is Still Valid?
Life insurance policies are easily tucked away in a file cabinet and often forgotten. If the policy was prepaid for several years, or automatically drafted from a bank account or credit card, then...
Definition of Property Insurance Coverage
Most people who own cars, homes, jewelry and businesses know that their investments are worth protecting. The most common way to protect such valuable items is with property insurance coverage.
Term Life Insurance Vs. Permanent
Term life insurance and permanent (or whole life) insurance decisions are affected by age, finances and investment preferences. Term life costs much less. Permanent insurance includes an investment...