Excess Cover

Category: Terms and Phrases

What It Is: Excess cover is the amount you must pay towards the overall cost of an insurance claim. It is only applied in cases where the policyholder is at...

Travel Insurance in a Post-Pandemic World

Category: Articles

The ramifications of the COVID-19 pandemic have been vast and far-reaching. One of the sectors that felt its tremors profoundly was the travel industry. As...

The Digital Transformation of Insurance: Benefits for Consumers

Category: Articles

The world of insurance, once characterized by stacks of paper, long waits, and complex jargon, is undergoing a seismic shift. The driving force? Digital...

The Uninsured

Category: Terms and Phrases

What It Is: Being uninsured means lacking coverage for certain risks or entirely. The Story: Driving without auto insurance, Max faced hefty fines when caught,...

The Underinsured

Category: Terms and Phrases

What It Is: Being underinsured means your coverage limits may not fully cover potential losses. The Story: During a health crisis, Zoe found her policy...

The Total Loss

Category: Terms and Phrases

What It Is: Total loss happens when repair costs exceed half the vehicle’s value. The Story: After a major accident, Jake’s car was deemed a total...

The Policy Term

Category: Terms and Phrases

What It Is: It’s the active duration of the insurance policy. The Story: For three years, Carlos’s policy term protected his startup. As it ended,...

The Insurable Interest

Category: Terms and Phrases

What It Is: Insurable interest exists when a loss would result in financial or other hardship. The Story: Owning a rare art piece, Olivia had an insurable...

The Indemnity

Category: Terms and Phrases

What It Is: Indemnity ensures claimants are compensated but not profited from their loss. The Story: Post a minor fire, George’s insurance provided...

The Actuary

Category: Terms and Phrases

What It Is: Actuaries use math and statistics to predict potential risks and financial costs for insurance companies. The Story: As an actuary, Sam’s...

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