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Is burglary covered by insurance?

Burglary insurance policy offers compensation for loss and damage resulting from a burglary attempt in your premises. A forceful entry by an intruder into...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Is prepaid insurance a debit or credit?

Prepaid Insurance Journal Entry Prepaid insurance is usually charged to expense on a straight-line basis over the term of the related insurance contract. ...

Is car insurance premium monthly or yearly?

Your car insurance premium is the amount you pay your insurance company on a regular basis, often every month or every six months, in exchange for insuran...

How is workers comp typically funded?

Workers’ Compensation is paid, through one way or another, by employers or the state. This can be done through a state-run insurance program, payments to ...

Is there any reason to keep Explanation of Benefits?

Comparing your EOBs to your monthly statements is a good way to understand what you are being charged for, and it gives you another opportunity to look fo...

Is life insurance considered an annuity?

Annuities are not life insurance policies. They are, in fact, designed to serve the exact opposite purpose. Whereas life insurance guarantees income in th...

Can felons be denied life insurance?

It is extremely difficult to get life insurance if you are a felon. In fact, many insurance companies will not even consider offering you life insurance i...

Does supplemental insurance count as health insurance?

It can also help pay for nonmedical expenses that can go with illness or injury, such as lost income or childcare. There are several different types of su...

Will a visit to any doctor be covered under your insurance plan Why or why not?

You may visit any doctor of your choice, but the percentage paid for by the insurance company might be lower for some plans if you choose a provider outsi...

Can I buy travel insurance after departure UK?

We discovered that we couldn’t extend our insurance and new policies required us to be living in the UK at the time of purchase. While most companies don’...