by kelleyfam3 » Thu May 01, 2008 02:45 pm
I am writing a paper can someone please explain the MAJOR insurance types and what subtypes of insurance goes under the major insurance types. I am so confused. Thanks in Advance
Posted: Mon Sep 06, 2010 01:15 pm Post Subject:
I need insurance for any possible lawsuits extending from my father's real estate business he ran before he died.
Since dad is already dead, if the business is no longer operating, you are unlikely to get insurance to cover the liabilities he may have incurred while he was alive. If he had insurance, there may still be coverage under the policy even though it is no longer in force. It's known as "tail" coverage (mini-, midi-, BERPs, and SERPs).
If you are operating the business today, it is possible to obtain a policy that would cover claims against the business that occurred in the past. You would be looking for a "claims-made" policy with a specific length of "retroactive" period. If not long enough, you would have to seek a longer period by endorsement -- meaning, if you want more coverage, you will have to pay more money to get it. Insurance companies are not required to provide it.
Posted: Wed Sep 22, 2010 10:03 pm Post Subject: Downpayment
Who know about what kind of product can i use to garantee and advance money for a job.? I mean buyer is willing to give a 50% of downpayment but need warranties about i can use the money to get done the project and i need any kind of colateral and i was thinking and insurance policy but don't know how it works in USA because i used the same in Colombia.
Posted: Thu Oct 21, 2010 06:11 am Post Subject: EV+charger
What sort of insurance policies for electric vehicles and charging equipments in public places?
Posted: Thu Oct 21, 2010 07:50 am Post Subject:
Personal Auto Policy for the vehicle (if privately owned/operated) and Commercial General Liability and Commercial Property Policy (or a Commercial "Package" Policy, which includes both of these) for the charging station and related equipment.
If the vehicle is owned/used by the "charging place" and its proprietor, then the Commercial Package Policy can be endorsed with a Commercial Auto Policy to cover the vehicle, which is not likely to be covered under the PAP.
Posted: Tue Nov 02, 2010 06:09 am Post Subject: business interuption insurance
defenition of business interuption insurance
Posted: Wed Nov 03, 2010 01:40 am Post Subject:
A policy that comes into play when a business cannot operate due to a covered event. Can include fire, flood, martial law, and any number of other causes of loss.
Posted: Tue Nov 09, 2010 12:44 pm Post Subject: insurance to cover construction project
I need insurance to cover a construction project in a war zone country.
Posted: Tue Nov 09, 2010 01:12 pm Post Subject:
That's nice to know. Thanks for telling us.
Posted: Sun Nov 28, 2010 07:38 am Post Subject: question
what is mortgaging as defined in economics?
Posted: Sun Nov 28, 2010 03:00 pm Post Subject:
Really? Mortgaging is borrowing more than one has and/or using other peoples' money instead of one's own to obtain something one (probably) can't afford or doesn't need, or both. Sometimes referred to a "leveraging" one's (limited/finite) capital resources.
Kind of like the US Government "mortgaging" the future generations of taxpayers with unnecessary spending and borrowing through the issue of more Treasury debt (bills, notes, bonds), or the Federal Reserve's UNNECESSARY purchase of $600,000,000 of Treasury debt to create a little inflation (when normally, in the economic cycle, it would do so to lower interest rates) BY DEFLATING THE PURCHASING POWER of the US Dollar by upwards of 20% in the last few weeks.
Or the State of California's idiotic voters who fail to understand that BOND really means DEBT when they vote for $100,000,000+ boondoggles such as the "High Speed Rail System" from Anaheim to San Francisco. You can get there in 45 minutes from Los Angeles Int'l Airport at a cost of $59 or less on Southwest Airlines. The best the HSR may be able to promise is about 3-4 hours, and everyone connected with the project now admits (after the bonds were authorized in 2008) that they won't be able to offer fares lower than (or even matching) the airfare -- as they LIED to voters about in all their propaganda leading up to the vote.
Whether it's the State of California or the Federal Government, neither has the resources to pay off their existing debt. California can't even pay off its $25,000,000,000 structural budget deficit, let alone the trillion or so it has in outstanding bonds, and both sell more bonds to raise capital to pay off the old bonds as they come due.
If the rest of us LOWLY CITIZENS and TAXPAYERS conducted our lives in the manner of Government, we'd all be in prison.
Mortgaging in economics? If the future, it may be discussed in textbooks as the downfall of America . . . hastened by the implementation of Obamacare. It should be discussed like that today.
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