Understanding insurance terminologies can be challenging, and one term that often perplexes policyholders is “coinsurance.” In this article, we’ll demystify the concept of coinsurance, particularly focusing on what 100% coinsurance means. 1. The Basics of Coinsurance Coinsurance is a clause found in many insurance policies, including health, property, and even business insurance. It’s designed to … Read more
Getting your driver’s license is an exciting milestone, but it often comes with a series of requirements and questions. One common query is whether you need insurance to get your driver’s license in North Carolina. In this article, we’ll explore the rules and regulations surrounding this topic. 1. North Carolina’s Graduated Licensing Program North Carolina, … Read more
When it comes to the intricate world of finance and accounting, understanding the classification of various financial elements is crucial. One common query that often arises is whether insurance expenses should be considered an asset or a liability. In this article, we will delve into this accounting puzzle and provide clarity on the matter. 1. … Read more
When you hit the road, you’re expected to follow a set of rules and regulations to ensure the safety of yourself and others. One such requirement in many places is having valid automobile insurance. But what happens if you’re driving without insurance, and can the police pull you over for it? In this article, we’ll … Read more
Insurance is a complex field, filled with terminology and processes that can be baffling to the average person. One such term you may encounter in the insurance world is “insurance adjustment.” But what does it mean, and how does it affect you as a policyholder? In this article, we’ll demystify insurance adjustment, providing you with … Read more