Proximate cause determines liability in insurance by linking harm directly to a specific action, crucial for establishing negligence and assessing claims. Key tests include foreseeability and the but-for test.
Homeowners insurance protects dwellings and personal property from risks such as fire, theft, and natural disasters, offering various coverage types, including liability and loss of use.
Carriers in the insurance industry underwrite policies, providing financial protection against risks while incorporating technology for enhanced customer service and sustainability in various sectors.
A declaration page summarizes an insurance policy, detailing coverage types, limits, deductibles, and premium amounts, essential for understanding and maximizing insurance benefits.
Car insurance policies often contain hidden clauses and exclusions that can lead to unexpected costs. Understanding these terms is essential for effective coverage and protection.