Understand Reinstatement Value Policy (RVP) in insurance, how it differs from Market Value, benefits, claim conditions, and key points business owners must know. What is Reinstatement Value Policy? A Reinstatement Value Policy (RVP) is an insurance policy condition where damaged property is insured at the cost of reinstating or replacing it with a new item…
What Is Insurance Excess? Insurance excess is the amount you must pay out of pocket before your insurer covers the remaining claim. It helps discourage small claims and keeps premiums economical. Definition Term Meaning Insurance Excess / Deductible The portion of every claim paid by the policyholder before the insurer contributes. Types of Excess Type…
Stay updated with the latest insurance news in India as the sector undergoes major reforms, including 100 percent FDI proposals, the launch of Bima Sugam, rising cyber threats, market growth trends, and new consumer-friendly court rulings. Read this detailed, easy-to-understand analysis to stay ahead. Latest Insurance News in India: What’s Changing and Why It Matters…
Insurance can be a confusing and overwhelming subject, especially for those who are just starting to learn about it. If you’re looking for a simple and easy-to-understand explanation of the basics of insurance, this video is for you. In this video, we’ll cover the most important concepts and definitions related to insurance, including what insurance…
General Insurance in the USA is evolving in 2025, with key changes in workers’ compensation rates and laws. Discover how these updates impact businesses and employees. Introduction: General insurance in the USA is witnessing major shifts in 2025, particularly in workers’ compensation. Across various states, insurance regulators and legislators are adjusting policies to reduce employer…
Understanding General Insurance and Its Importance General insurance is a crucial financial tool that protects individuals and businesses from unexpected financial losses due to accidents, theft, natural disasters, and other unforeseen events. Unlike life insurance, which provides financial support after death, general insurance covers risks associated with property, health, vehicles, travel, and businesses. In this…