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How much cash does the typical homeowners policy cover?

A typical homeowner’s policy covers up to $200 in cash lost in a fire, theft or any other peril, according to the Insurance Information Institute. However...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

How much is product liability insurance for a small business?

The average amount a retail business can expect to pay for their Public Liability policy is around $71 per month*. An analysis of BizCover customer data s...

What proof is needed to cash in a life insurance policy upon a death?

Life insurance benefits are provided to a policy’s beneficiaries when the policyholder dies. Recipients usually need to file a death claim with the insura...

How much is a thumb worth in compensation?

Why is a thumb worth more than a finger? Body part lost Compensation Eye $64,000 Thumb $35,000 First finger $18,400 Big toe $15,200 Does surgery increase ...

Is it recommended to purchase both life and disability insurance?

The best way to protect your income is by having both a life insurance and disability insurance policy in place. While life insurance protects your loved ...

Can I claim insurance if my friend was driving?

The good news is that mostly other drivers are covered under car insurance. ‘Permissive Drive’ rules are applicable in such instances. The driver should b...

What do you mean by adverse selection?

Adverse selection is when sellers have information that buyers do not have, or vice versa, about some aspect of product quality. It is thus the tendency o...

Can you get a grant for a home lift?

Grants for stairlifts If you are eligible your local council may be able to help towards the cost of installing your stairlift and adapting your home. The...

How does insurance company make profit?

There are two basic ways that an insurance company can make money. They can earn by underwriting income, investment income, or both. The majority of an in...

Am I still covered if I cancel my car insurance?

You’ll usually have 10 to 20 days between the date of the cancellation notice and the date you are no longer covered. The exact amount of time differs by ...