Insurance Basics

Fundamental principles of insurance contracts

For all the duplicate and triplicate pages, odd terms, and 'legalese', an insurance policy boils down to a contract between the policy owner and the insurance company. Like all contracts, insurance policies must meet the common law definitions of a contract.

1. There must be a 'meeting of the minds'. For any contract to be valid, both parties must have a clear understanding of what the intent and

Insurance Basics Risk and insurance

by D. Victor

Risk has a number of alternative meanings.It refers to the probability or threat of loss, injury or damage in a general context.According

Insurance Basics What type of insurance should freelance writers take out?

by Wayne Leon Learmond

Since 1996, the percentage of home workers has increased markedly. And, at one time, it was thought that those who worked from their

Insurance Basics What to consider before purchasing an annuity

by D. Victor

An annuity is a contract between an insurer and an annuitant whereby the annuitant makes a payment or series of payments in exchange

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