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...
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...
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...
What It Is: Exclusions detail what the insurance won’t cover. The Story: While Paul’s home insurance covered many incidents, it had an exclusion for...
What It Is: Coverage specifies what the insurance policy will compensate for. The Story: Nathan’s travel insurance offered coverage for flight delays....
What It Is: The policyholder owns the insurance policy and pays its premiums. The Story: As a new car owner, Mia became a policyholder, ensuring her...
What It Is: An underwriter evaluates and decides the terms of insuring potential risks. The Story: Daniel, an underwriter, studied the application of a bakery...
