http://insuranceriskguide.com Sat, 05 Nov 2011 00:30:38 +0000 http://backend.userland.com/rss092 en When you buy a house, you know that after paying the mortgage for 25 or 30 years, you've paid it off and you're done making mortgage payments. Not so with life insurance. As a general rule, you pay the premiums for as long as you live. But there are exceptions ... http://insuranceriskguide.com/life-insurance/reviewing-paying-life-insurance As individuals, your mortgage (including home equity lender) and auto lenders are the most common entities you will need to assure are added as insureds under your insurance policies. If, however, you run a business and have policies for your business, you may encounter circumstances in which you need to ... http://insuranceriskguide.com/auto-insurance/auto-liability-coverage-additional-insured-interests Regardless of where in the United States you live, if you are leasing a car or a truck or are making payments on a vehicle purchase loan, the leasing company or auto loan or auto lease finance company will include as a contract provision the requirement that they be shown ... http://insuranceriskguide.com/auto-insurance/auto-lease-lenders-auto-loan-finance-company If you live in the eastern states, you recognize the former concept—mortgage. If you live in the western states, where there is a different legal usage, you recognize that the lender on your home is a holder of your mortgages trust deed as the security interest on your home loan. ... http://insuranceriskguide.com/property-insurance/mortgages-trust-deed-holders-insuring-interests A good independent insurance agents is likely to be the best place for most insurance consumers to start. By employing an independent agent, you preserve the maximum number of options for yourself. And, you are less likely to find yourself in a situation in which you have insufficient limits or ... http://insuranceriskguide.com/insurance-basic/choosing-independent-insurance-agents Each state has an insurance guaranty fund. Each operates in substantially the same way. In the event of insolvency of an insurer whose policies are covered by the guaranty fund (i.e., an admitted insurer in that state), policyholders of that insolvent insurer are covered up to the statutory limit. This ... http://insuranceriskguide.com/insurance-basic/insurance-guaranty-fund-state-protection Many insurance consumers will never need to deal with the concept of retail brokers versus wholesale insurance brokers. An insurance broker is the agent of the insured and can submit applications for coverage to insurers for which the broker does not have an agency appointment. Some insurers will only accept ... http://insuranceriskguide.com/insurance-reviews/wholesale-insurance-brokers-insurance-retail " class="index-image" width="120" /> As our economy and markets have changed, other insurance marketing channels have developed. While these alternate marketing channels for insurance initially focused on motor vehicle insurance, more recently they have expanded to include homeowners insurance as well. The problem with these direct writers marketers is that there is ... http://insuranceriskguide.com/insurance-basic/direct-writers-personal-insurance-agents-difference Captive agents represent only a single insurer. In some instances, they may even be employees of the insurer. Examples of captive agents are agents who sell State Farm, Allstate, Nationwide, and Farmers policies. A State Farm agent, for example, is limited to offering the policies offered by the State Farm ... http://insuranceriskguide.com/insurance-basic/captive-agents-independent-insurance-agents " class="index-image" width="120" /> An independent insurance agent is a person who is licensed by the department of insurance in the state (or states) where he or she conducts business. Licensure generally involves passing a written examination to show that the person meets minimum standards of knowledge regarding the business of ... http://insuranceriskguide.com/insurance-company/independent-insurance-agents-commissions-find