Claim Definition: Understanding Key Insurance Terms and Processes
A claim in insurance is a request for compensation due to a covered loss or damage, requiring accurate documentation and adherence to legal and ethical standards.
Ryan Newman
Ryan Newman is an experienced insurance professional with over 20 years in the industry. He began as an underwriter, specializing in risk evaluation and coverage determination. His expertise includes creating risk profiles, tailoring policies, managing policy lifecycles, and streamlining claims processes. Known for his strategic approach and customer focus, Ryan has held senior roles in claims management and policy development. He shares insights at industry conferences and through published articles, promoting best practices in insurance.
Federal Employee Health Benefits Program Definition: Key Aspects in the Insurance Industry
The Federal Employees Health Benefits Program provides diverse health plans for federal employees, retirees, and their families, ensuring coverage for qualifying life events and pre-existing conditions.
Contingent Beneficiary: Essential Role in Insurance Policies
A contingent beneficiary inherits assets only if the primary beneficiary cannot accept them, ensuring proper distribution in estate planning and insurance policies.
Fiduciary Definition: Key Role in Insurance Policy Management
Fiduciary duty mandates that professionals prioritize clients' interests, ensuring informed decisions, loyalty, and transparency, particularly in financial and insurance contexts to maintain trust and avoid legal repercussions.
6 Tips for Choosing the Best Insurance for Your Vacation Home: Protect Your Investment Now
Choosing the right insurance for a vacation home safeguards against risks, ensuring financial protection and peace of mind for property owners during their time away.
5 Things Your Insurance Company Doesn’t Want You to Know: Protect Your Wallet Now
Insurance companies often prioritize profit, leading to practices that can negatively impact policyholders. Understanding these tactics can help consumers make informed financial decisions.
Best Pet Insurance With Wellness Plan: Comprehensive Coverage for Your Furry Friend
Pet insurance with wellness plans provides comprehensive coverage for routine care, preventive treatments, and additional services, ensuring pets receive necessary health support and financial protection.
The Best Term Life Insurance Plans for High-Income Earners: Secure Your Future Today
Term life insurance offers high-income earners financial protection for dependents, ensuring stability in the event of untimely death while allowing flexible policy options to fit individual needs.
Indemnity Definition: Key Concepts in the Insurance Industry
Indemnity involves a contractual obligation for one party to compensate another for losses, damages, or liabilities, commonly utilized in insurance and legal agreements.
7 Mistakes People Make When Choosing Disability Insurance: Protect Your Income Now
Choosing disability insurance requires careful consideration of policy options, coverage types, and potential gaps in protection to ensure adequate income security during unforeseen circumstances.