Does Flood Insurance Cover Hurricanes?
As a homeowner, you should know that your standard home insurance may not cover certain damages caused by flood and hurricanes.
In fact, flooding caused...
Insurance Proceeds: What It Is and How It Works
Insurance proceeds are the funds or money paid out to the policyholder or beneficiaries by the insurance provider when they file a claim against...
Does Car Insurance Cover Off-Roading?
As a driver who has an off-road vehicle and off-road insurance for it, your policy will cover any damages your car sustains while off-roading,...
Why is Car Insurance Mandatory?
Almost all the states in the United States require drivers to have car insurance. And those who do not require good proof of financial...
What is Mortgage Underwriting?
Mortgage underwriting is the process lenders use to determine if you are eligible for the money you want to lend. The lender will have...
Does Homeowners Insurance Cover Water Damage?
Your homeowners insurance policy will only cover water damage if it is unexpected and accidental, not if it occurs gradually. For example, if there...
Can a Minor Be Your Life Insurance Beneficiary?
The answer to this intricate and complicated question is Yes. A minor can be mentioned or named as a life insurance beneficiary. However, this...
What is Vicarious Liability in Insurance?
Vicarious liability in insurance is a legal principle that holds one party responsible for the action of another party. This means that an employer...
What is a Jumbo Loan?
A jumbo loan is a type of mortgage that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). These limits...
What is a Startup Business Loan?
A startup business loan is a type of financing concentrated on assisting new businesses get off the ground, cover starting expenses, and grow during...