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What is included in a title policy?

What does it cover? Title insurance protects against claims from defects. Defects are things such as another person claiming an ownership interest, improp...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

What is ordinary life insurance?

Ordinary Life — a type of whole life insurance contract arranged so that the premiums are payable as long as the insured lives. The contract is not paid u...

How much does 5m life insurance cost?

Sample Premium For A Five Million Dollar Policy Sex Age $5,000,000 20 year Term Male 30 $157.47/mo Male 40 $253.17/mo Male 50 $740.37/mo Male 60 $2,103.75...

What is universal life insurance policy?

Universal life insurance is a type of permanent life insurance. With a universal life policy, the insured person is covered for the duration of their life...

Do speed limits increase accidents?

Speed increases both the risk of having a crash, as well as the severity of the crash outcome. Can you survive a 60 mph crash? The chances for fatality gr...

What do insurance companies investigate when they are investigating a claim?

They will look to “reconstruct” the accident, and do so in a systematic way. They’ll investigate suspicious claims closely and check for evidence of fraud...

Can a 16 year old insure a moped?

Sixteen is the earliest you would be legally allowed to ride a scooter; therefore, 16-year-olds don’t have any previous driving experience. This means mop...

What is meant by information asymmetry?

What Is Asymmetric Information? Asymmetric information, also known as “information failure,” occurs when one party to an economic transaction possesses gr...

Is pest control covered under home insurance?

The bad news is that most insurers will not cover homeowners for damage caused by pests, though they will consider paying out on that caused by other wild...

What does it mean to transfer risk Chapter 9?

What does it mean to “transfer risk”? You pay someone else a small amount of money for security in the case of an emergency. Explain the importance of lia...