by sdavey@bcicny.com | Nov 30, 2012 | Term of the Day
Insurance that an insurance company buys to ensure that it is protected from disproportionately large losses under one policy.
by sdavey@bcicny.com | Nov 29, 2012 | Term of the Day
Someone that both sells and services insurance policies. Independent insurance agents usually represent two or more insurance companies. They serve their clients by finding the best price in the market that will offer the best coverage.
by sdavey@bcicny.com | Nov 28, 2012 | Term of the Day
The amount that is needed to replace property or personal property that has been damaged without any deduction for depreciation. Limited by the maximum dollar amount show in policy.
by sdavey@bcicny.com | Nov 27, 2012 | Term of the Day
Destruction or damage to property large enough that none of the original value is left, requiring the maximum amount that a policy will pay.
by sdavey@bcicny.com | Nov 26, 2012 | Term of the Day
Insurance professional responsible for various tasks such as determining rates, evaluating risks and issuing coverage.
