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Can an employee drop medical coverage at any time?

An employee can voluntarily cancel coverage at any time only if the company is not having employee premium contributions deducted pre-tax. … Is moving con...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Is it compulsory to take insurance from bike dealer?

“The car/bike dealer bundles insurance in the total price payable by the customer for the vehicle. People are free to buy an insurance plan as per their r...

What does an HO3 insurance policy cover?

A homeowners insurance (HO-3) policy is a coverage plan that covers your home’s structure, your personal belongings and liability in the event of damage o...

How long do you have to make a gap claim?

Factors That Affect How Long it Takes for Gap Insurance to Pay. Insurance companies will generally declare a car a total loss within 30 days of the initia...

What strategies can you follow to reduce car insurance?

Listed below are other things you can do to lower your insurance costs. Shop around. Before you buy a car, compare insurance costs. Ask for higher deducti...

Does insurance increase if no points?

Often times it is assumed that if a ticket did not have any points associated with it, it will not effect your insurance rate. This is not the case, no ma...

Is the designated recipient of the proceeds of a life insurance policy?

A designated beneficiary is named on a life insurance policy or financial account as the recipient of those assets in the event of the account holder’s de...

Does liability insurance cover medical expenses for passengers?

You will determine who was at fault, get their insurance information, and file a claim. If approved, the bodily injury part of their liability coverage sh...

Is mortgage insurance really necessary?

Mortgage insurance also is typically required on FHA and USDA loans. Mortgage insurance lowers the risk to the lender of making a loan to you, so you can ...

How do reinsurance brokers make money?

The primary way an insurance broker earns money is commissions and fees based on insurance policies sold. These commissions are typically a percentage bas...