Backdating in the insurance industry allows a policy to take effect earlier than its actual issue date. The policyholder agrees to backpay the premium as if the coverage had started on the backdated date. While it can be beneficial in certain scenarios, backdating also involves specific considerations and requirements. Let’s break it down step by … Read more
Trusts are a popular tool in estate planning, offering a secure and efficient way to manage and transfer assets, including residential properties. However, when protecting these assets with a residential insurance policy, the question arises: Can a trust hold such a policy? The answer is yes, but it requires careful planning and understanding of how … Read more
You have recently adopted a kitten from a shelter. Get the paperwork done. Now, new family member needs a beautiful name, but she already got one from a shelter. You have already registered that name on insurance papers, so she has got an official name. What if you don’t like that name and want it … Read more
Being an insurance agent isn’t just about selling policies; it is about building trust of customers, solving problems, and consistently delivering value. In today’s competitive landscape, success in insurance requires more than just knowledge of rules of policies—it is demanding task, a blend of skills, dedication, and strategic thinking. Whether you’re a newcomer or a … Read more
Winter is a beautiful season, but it also comes with some serious driving challenges. Snow, ice, and cold temperatures can make roads risky and driving a car safely can be hard, even experienced drivers feels unsafe. However, you can have a few simple tips to avoid any hazards and feel safer and confident while driving in harsh weather. … Read more
Dog is the oldest and best friend of a man and still is a beloved family member of our houses. It brings joy into our everyday lives. Ensuring their well-being is our first and foremost responsibility. One way for pet owners is to safeguard their health is through pet insurance. In this article, we will … Read more
Are you feeling your auto insurance is harvesting a large chunk of your hard earned money and you are finding no way out. In this decade of chaos, you are not alone in this situation, everybody is trying to save some cash to keep their financial plans on track. Don’t worry, we are here to … Read more
Is Your Home Insurance Ready? With the rising global warming, we are facing disastrous changes in the weather. Floods, Fires, tornadoes and hurricanes are becoming routine. In this alarming situation, we are dependent on insurance policies, when it comes to our valuable homes. Ever wonder if your insurance policy has your back when Mother Nature … Read more
Life nowadays is unpredictable and it is crucial to have adequate insurance to protect oneself, one’s family, and possessions. But choosing the right type of insurance can be rather puzzling. Whether it comes to health insurance, car insurance, life insurance, or any other type of insurance, it is very important to select the policies that … Read more
This blog aims to discuss the insurance industry, the changes that have occurred in the recent past, and the new technologies which are rapidly engulfing the environment including AI and ML. Such advances are revolutionizing insurance firms business models, augmenting productivity, decreasing expenses, and increasing buyers’ value propositions. Instead, this blog post explores the current … Read more