What Is a Waiting Period in Insurance?

What Is a Waiting Period in Insurance?

When taking out insurance, especially when the insured person does not come from a previous policy, it is important to know what a waiting period means in insurance. It is a period during which not all the contracted covers can be fully used. Waiting Periods in...
Claims in Liability Insurance

Claims in Liability Insurance

Claims under liability insurance are a vital element, because this process is essential before we can properly speak of an insurance claim. In fact, if the individual or legal entity affected does not make a claim, the insured event does not arise in that sense....
How to Distinguish Civil Liability from Criminal Liability

How to Distinguish Civil Liability from Criminal Liability

In the insurance sector, and more specifically in liability insurance, legal concepts are directly involved, including civil liability and criminal liability. Although the subject could be explored at length, it is possible to identify several key distinctions between...
Is Home Insurance Tax-Deductible?

Is Home Insurance Tax-Deductible?

The law has changed over time regarding the possibility of deducting home insurance on the income tax return. Home insurance can be tax-deductible, but there are other factors that must be taken into account in order to deduct this type of insurance. Conditions for...
What Is the Building Element in a Home Insurance Policy?

What Is the Building Element in a Home Insurance Policy?

To compare service between different insurers, it is important to understand the concepts around which the contract revolves. The contents and the building element in a home insurance policy determine the risks and value of the covers, so in the case of homes they are...
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