4insure

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• Expense Ratio
• Exclusions
• Employers Liability Insurance
• Elimination Period
• Earned Premium
• Depreciation

Expense Ratio Posted: 29 Feb 2012 05:47 PM PST The expense ratio of an American Insurance provider refers to the ratio obtained by dividing the costs of the underwriting expense by the new premiums that are earned from the policy. From an insurance company's perspective a low expense ratio represents a profitable policy with low risks and a high expense ratio may mean lower [...] Post from: 4insure Expense Ratio

Exclusions Posted: 29 Feb 2012 05:41 PM PST An exclusion, in insurance terms, is a specifically defined event or circumstance or series of events and circumstances under which your insurer will not pay benefits or may a reduced level of benefit depending on your coverage. This is because when your insurer sets the premiums for your policy, it may be unprepared to cover [...] Post from: 4insure Exclusions

Employers Liability Insurance Posted: 29 Feb 2012 05:38 PM PST Liability insurance is a type of insurance policy that protects a party against a claim from a 3rd party through legal action or through a claim directly against the policy. It is not usually designed to pay out any compensation to the insured party, but only to other claimants. In the case of liability insurance [...] Post from: 4insure Employers Liability Insurance

Elimination Period Posted: 29 Feb 2012 07:42 AM PST An elimination period is an interim of time that insurer may require you to make payments over before your insurance coverage starts to pay out benefits. This is a normal requirement of policies which cover you against injury or sickness or disability. This is to balance the risk of temporary incapacity for which you should [...] Post from: 4insure Elimination Period

Earned Premium Posted: 29 Feb 2012 07:38 AM PST An earned premium in insurance terms is the amount of money the insurance company has collected that covers the portion of your insurance coverage that has already expired. This is calculated by using a simple ration between the expired coverage period and the total life of an insurance policy's coverage. Why is that important? It's [...] Post from: 4insure Earned Premium

Depreciation Posted: 29 Feb 2012 07:34 AM PST In both insurance and accounting terms, depreciation is a calculation used to help find the true value of an asset. This is because with certain exceptions most assets lose value over time, in the case of a car this will be through continued use (causing wear and tear on the mechanical parts, weather damage to [...] Post from: 4insure Depreciation

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