Collision insurance and comprehensive insurance are add-ons that can help cover damage. Other types of insurance that you might decide to add to your policy are emergency road service, rent reimbursement or mechanical breakdowns. These types of insurance can help you deal with an accident or an uncomfortable road breakdown. When looking for a stockbroker, it's important to verify the agent's insurance license with the California Department of Insurance (CDI).
A method of assessing losses in which the insured and the insurer indicate an agreed amount to be paid in the event of a loss. The amount of loss that the insured is responsible for paying before the insurance policy benefits are paid. If you're looking for quality service and affordable auto insurance coverage, MoneyGeek recommends the best options in Oakland. A licensed person or organization authorized to sell and manage insurance policies for an insurance company.
The continuation of an insurance policy (renewal offer) for a new term from the same insurance company that issued the existing policy. First, you can choose the right level of coverage by considering your state's insurance requirements and creditors' insurance requirements. A clause in an insurance policy that allows the insured and the insurer to each appoint an arbitrator if they cannot agree on an appropriate claim solution. Specifically, these initiatives, both by the Department's staff and by the Insurance Diversity Task Force appointed by the commissioner, are intended to encourage increased procurement from various California providers and diversity among insurance company boards.
The part of an insurance contract that sets out the rights and duties of the insured and the insurer. Factual falsification made in such a way that the insurance company would have refused to insure the risk if the truth had been known when issuing the policy. Commercial insurance companies must follow the rules set out in the insurance code regarding the cancellation and non-renewal of commercial insurance. The California FAIR Plan has been in operation since 1968 to offer basic property insurance to homeowners who cannot obtain insurance in the standard market.
One of the first steps to buying small business insurance is to contact a licensed insurance brokerage agent who specializes in commercial coverage. Usually, the first page of an insurance policy that contains the full legal name of the insurance company, the policy number, the effective and expiration dates, the premium to be paid, the amount and types of coverage, and the deductibles. As a California employer, Section 3700 of the California Labor Code requires you to provide workers' compensation insurance through a licensed insurance company or through the State Compensation Insurance Fund (State Fund).