Key Differences between Bodily Injury Liability and Property Damage Liability
by Bodily Injury Liability Bodily Injury Liability is a component of liability insurance that covers the …
Tag: Endorsement
Key Differences between Annuity and Life Insurance
Annuity An annuity is a financial product designed to provide a stream of periodic payments …
Key Differences between Aleatory Contract and Adhesion Contract
Aleatory Contract An aleatory contract is a type of agreement where the performance and benefits …
Key Differences between Aggregate Stop-loss Insurance and Specific Stop-loss Insurance
Aggregate Stop–loss Insurance Aggregate stop-loss insurance is a risk management tool commonly used by self-insured …
Key Differences between Aggregate Limit and Per Occurrence Limit
Aggregate Limit The aggregate limit in insurance represents the maximum amount an insurer will pay …
Key Differences between Aggregate Excess of Loss and Catastrophe Excess of Loss
Aggregate Excess of Loss Aggregate Excess of Loss is a reinsurance arrangement where the reinsurer …
Key Differences between Aggregate Deductible and Specific Deductible
Aggregate Deductible An aggregate deductible is a type of insurance deductible that represents the total …
Key Differences between Adverse Selection and Moral Hazard
Adverse Selection Adverse selection refers to a situation in insurance markets where individuals with a …
Key Differences between Admitted Insurance and Non-admitted Insurance
Admitted Insurance Admitted insurance refers to insurance products and carriers that comply with state insurance …