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Absolute liability refers to responsibility assigned to an individual or entity without needing proof of negligence. For example, businesses operating hazardous activities might face absolute liability for resulting damages. Viera Insurance Agency can help you understand your coverage options under such scenarios.
An accident is an unexpected event resulting in damage or injury. Understanding how accidents impact your insurance claims is essential. At Viera Insurance Agency, we guide clients on filing claims efficiently.
Accident types refer to the categories of incidents, such as workplace injuries or auto collisions. Each type has specific insurance implications, and Viera Insurance Agency helps clients choose policies tailored to potential risks.
The accident year is the calendar year in which an incident occurs, influencing insurance claims and premium calculations. Viera Insurance Agency explains how accident year affects claim timelines.
Accommodation in insurance refers to adjustments or provisions made for policyholders with special needs. Viera Insurance Agency works with clients to ensure their insurance providers meet such requirements.
Accounts receivable insurance protects businesses against losses from unpaid invoices. Viera Insurance Agency offers expert advice on securing this coverage for financial stability.
To accrue means to accumulate over time, such as unpaid premiums or interest on claims. Viera Insurance Agency helps clients manage accruing balances effectively.
Practice guidelines outline standard procedures for claim processing or coverage analysis. Viera Insurance Agency ensures clients receive clear guidance on these practices.
An act of God describes natural events like floods or earthquakes that are beyond human control. Viera Insurance Agency helps clients understand their policy exclusions related to acts of God.
Actual cash value (ACV) calculates the replacement cost of an item, minus depreciation. Viera Insurance Agency assists policyholders in determining ACV for their claims.
An actuary analyzes statistical data to assess insurance risks and premiums. Viera Insurance Agency collaborates with insurers who rely on actuarial expertise to offer competitive rates.
Additional insured refers to individuals or entities added to a policy for shared protection. Viera Insurance Agency helps policyholders understand the implications of adding additional insured parties.
An adjuster evaluates claims to determine the extent of the insurer’s liability. Viera Insurance Agency ensures that clients receive fair assessments during this process.
An administrator manages insurance claims or benefits programs. Viera Insurance Agency connects clients with skilled administrators for smooth claims handling.
An admitted company is authorized by the state to sell insurance. Viera Insurance Agency only works with reputable admitted companies to provide reliable coverage.
Adverse selection occurs when high-risk individuals disproportionately purchase insurance. Viera Insurance Agency offers insights into how insurers mitigate such risks.
An aggregate amount clause limits the total amount payable under a policy. Viera Insurance Agency explains these clauses to policyholders for informed decisions.
Aggregate excess coverage protects against cumulative claims exceeding a specific amount. Viera Insurance Agency advises businesses on securing this type of policy.
An aggregate limit sets the maximum payout during a policy term. Viera Insurance Agency helps clients choose policies with appropriate limits for their needs.
ALAE refers to costs associated with handling specific claims. Viera Insurance Agency ensures clients understand how ALAE affects their policy payouts.
All-risk insurance covers all perils except those explicitly excluded. Viera Insurance Agency guides clients on obtaining comprehensive protection through such policies.
Alternate job or work refers to roles offered to injured workers who cannot perform their original duties. Viera Insurance Agency explains how this affects workers’ compensation claims.
The ADA protects individuals with disabilities from discrimination. Viera Insurance Agency helps businesses ensure their policies comply with ADA requirements.
An appeal is a formal request to review a denied claim or decision. Viera Insurance Agency assists clients in understanding the appeal process.
An applicant is a person applying for an insurance policy. Viera Insurance Agency helps applicants navigate their options to secure suitable coverage.
An application is a formal request for insurance coverage. Viera Insurance Agency ensures applications are completed accurately to avoid delays.
This application initiates legal proceedings for disputed claims. Viera Insurance Agency advises clients on how and when to use this form.
Apportionment allocates claim responsibility among multiple parties or policies. Viera Insurance Agency helps policyholders understand apportionment clauses.
An appraisal evaluates the value of assets or damages for insurance purposes. Viera Insurance Agency facilitates accurate appraisals for claims.
Appreciation refers to an increase in asset value over time. Viera Insurance Agency helps clients account for appreciation in their coverage.
Arbitration resolves disputes between policyholders and insurers outside court. Viera Insurance Agency supports clients through the arbitration process.
Arson is the intentional setting of fires, often excluded from coverage. Viera Insurance Agency ensures clients understand how arson exclusions apply to their policies.
Assets are items of value owned by individuals or businesses. Viera Insurance Agency helps clients protect their assets through appropriate coverage.
Assumption of risk is an acknowledgment of potential dangers in certain activities. Viera Insurance Agency explains how this concept affects liability coverage.
An attractive nuisance refers to features like pools that may attract children and pose hazards. Viera Insurance Agency advises homeowners on liability coverage for such risks.
Collision insurance covers vehicle damage from accidents. Viera Insurance Agency offers competitive options for auto collision coverage.
Comprehensive insurance covers non-collision-related vehicle damage, such as theft. Viera Insurance Agency provides policies that include these protections.
Liability insurance covers damages caused by the policyholder’s vehicle. Viera Insurance Agency ensures drivers meet state-mandated liability requirements.
Medical payments insurance covers healthcare costs after an auto accident. Viera Insurance Agency helps drivers include this coverage in their policies.
An autopsy determines the cause of death, which may impact life insurance claims. Viera Insurance Agency provides guidance on related claim requirements.
Average weekly benefits are payments made to injured workers under disability policies. Viera Insurance Agency ensures accurate calculations for these benefits.
Aviation insurance protects aircraft and their operations. Viera Insurance Agency connects clients with specialized providers for aviation coverage.
