What does continuity date in an insurance policy mean?

Answer The continuity date, sometimes referred to as the "prior knowledge" date refers to the date when designated parties first become aware of an incident which may be a covered act under an insurance p... Read More »

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What does lose of use mean on a renters insurance policy mean?

Loss of use is usually a coverage of the costs incurred by someone as a result of your accident. If your water heater busts and ruins your carpet you may be insured for that and get new carpet. The... Read More »

Can a person cancel an auto insurance policy at any time from the date the policy is effective?

What does loss of income mean on an insurance policy?

Loss of income on an insurance policy covers the amount of income that the policyholder was unable to earn due to a claim, such as tornado, hurricane, or another act of God. Loss of income may also... Read More »

What does a $500 deductible mean on an auto insurance policy?

A $500 deductible in a car insurance policy means that you must pay $500 up front for any claims, before the insurance pays you for any costs above that amount. Typically, the higher your deductibl... Read More »