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What is the maximum liability of the Florida life and health Guaranty Association for death benefits or health insurance claims?

The maximum amount paid by the FLAHIGA for any one person is: Life Insurance Death Benefit: $300,000 per insured life. Life Insurance Cash Surrender: $100...

Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

What happens under a renewable term policy?

A renewable term is a clause in a term insurance policy that allows the beneficiary to extend the coverage term for a set period of time without having to...

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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...

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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...

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Do you have to have insurance on a motorcycle in Kentucky?

You Must Have Insurance All owners of motor vehicles in Kentucky are required to carry minimum liability coverage. In addition, the policy must provide ba...

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Does hitting a deer affect car insurance?

Comprehensive coverage on your car insurance policy typically covers deer accidents. Comprehensive coverage may help pay to repair or replace your vehicle...

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What happens if someone has a life insurance policy on you and they die?

If a life insurance policy is in force, the beneficiaries named in the policy should receive the full amount of the death benefit (minus any loans against...

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How will you need to prove the ring vanished if you make a claim?

You’ll also need the date the ring was stolen or that you discovered the loss, the circumstances pertaining to how the loss or theft occurred, and any cri...

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What are the disadvantages of short term insurance?

Is Short Term Health Insurance a Good Idea? Advantages and Disadvantages Advantages of Short Term Plans Disadvantages of Short Term Plans You’re in contro...

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Can I cancel insurance if I sell my car?

You can cancel your car insurance if you are selling your car, or for any reason. If you are selling your car and not planning to get a new one, you absol...

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