What is insurance rebating?

Answer Insurance is a competitive business. Regulative authorities have enacted several laws to keep the marketplace fair for agents and to protect consumers. One of these laws prohibits "rebating," which... Read More »

Top Q&A For: What is insurance rebating

What is the definition of rebating according to the model act?

Answer Rebating is when an agent, offers reimbursment to an applicant (in any form) for applying for or continuing to renew a policy. It is very illegal.

What questions do you have to answer to an insurance adjuster who is investigating an insurance claim for renters insurance?

Renters insurance is similar to condo insurance. It typically covers the personal contents inside but there is the option to obtain dwelling coverage to protect the structure of the items that are ... Read More »

What are the definitions for liability insurance medical payments insurance uninsured motorist comprehensive and collision for auto insurance?

Answer Liability insurance: The coverage found on any auto policy that handles damage you cause to another person's property, either directly or indirectly with your car.Medical Payments Insurance:... Read More »

What insurance covers a boat trailer accident when attached to a car the car insurance or the boat insurance?

Answer If you only have liability your car insurance isn't covering your boat trailer, even full car coverage probably has small fine print limiting coverage to your car. Trailer coverage through y... Read More »