Can I use insurance claim money for something else?
Your insurer fulfilled their responsibility to you by paying out the claim, and, as long as your policy and your state’s laws allow it, you can keep the m...
Knowledge Base
Latest insights and tutorials from the The Daily Horizon team.
How does bobtail insurance work?
Bobtail insurance covers you and your semitruck when you’re not hauling a trailer or other load. For example, if you drop off a load in Sacramento and bob...
Read More →Which areas is not protected by most homeowners insurance?
In most cases, earthquakes, landslides, and sinkholes aren’t covered. The good news is separate policies exist for these types of events. 3 It’s importan...
Read More →What is the purpose of title insurance when buying a home?
Title insurance is a contractual obligation that protects against losses that occur when title to a property is not free and clear of defects (e.g. liens,...
Read More →What type of insurance will pay for damages if you are the victim?
Collision: Protects you against any physical damage to your car. That means if you’re the victim in a hit-and-run accident and your car needs repaired or ...
Read More →What are examples of tangible services?
In short, tangible goods and service is one where there is a physical object that is supplied or procured – for example, in a hotel, when you get a plate ...
Read More →Are insurance proceeds for hail damage taxable?
How Do I Report Property Insurance Reimbursement on My Tax Return? As a general rule, casualty insurance claim checks are not taxable. As long as the chec...
Read More →What happens to the cash value when a whole life insurance policy matures?
If the insured lives to the “Maturity Date,” the policy will pay the cash value amount in a lump sum to the owner. After policy maturity, the total death ...
Read More →What happens if you accidentally hit a pedestrian?
A driver who hits and injuries a pedestrian may face a personal injury lawsuit filed by the injured pedestrian, seeking to recover “damages” — which means...
Read More →What is insurance and how it works?
Insurance is a financial product sold by insurance companies to safeguard you and / or your property against the risk of loss, damage or theft (such as fl...
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