For more than 50 years, our partner Life Insurance Company has been providing budget-friendly life insurance so that children and adults can have greater financial protection. Our group worldwide industry leader in life insurance whose strength and stability fortify our $50 billion of life insurance in force. You can count on us for insurance plans for the entire family that offer the reliability, flexibility and peace of mind you deserve.

Advantages

Build a life insurance plan that fits your family’s plans.

COVERAGE: $100,000 - $5,000,000, PRICES FROM: $7.86/mo

Our guarantee to you: Your price will never change, as long as your premiums are paid – no matter what happens in the economy.

Three simple steps

Apply online or in the app

Our modern term life insurance application takes about 10 minutes. If you need a hand, our licensed team is standing by.

Get your decision

And if more information is needed, we'll make the next steps quick and easy for you.

Personalize your offer

Just like kids, policies come in all shapes and sizes. Tailor your term length or coverage amount before you buy to right-size your monthly premiums.

Life insurance made easy

Fully digital experience

Gone are the days of sitting in an insurance sales office. Our Life Insurance partners makes getting life insurance 100% digital — experience it on our website or via our convenient mobile app

130+ years of trusted coverage

Automated underwriting

Traditional underwriting can take 10 weeks or more. With our automated digital underwriting system, you could get an instant decision with no medical exam. And when that isn’t possible, you’ll be able to track your application status with our convenient online dashboard.

Fast and hassle-free

Getting life insurance can seem like a daunting process. We make it easy — like, “you could be done with your application in only 10 minutes” easy.

Family finances in one simple app

With Our Life Insurance partner’s easy-to-use mobile app you can create a will, set up your kids’ college savings, and establish a rainy day savings fund — all in one place.

Cancel any time

there are no hidden fees — ever. We offer a 30-day money back guarantee and the ability to cancel your coverage at any time.

Designed for busy parents

We make it easy for you and your spouse to understand and apply for affordable term life insurance. And then manage it conveniently from the app or online.

Easy to customize

The best policies are tailored to fit your needs. We let you choose from 10, 15, 20, 25, and 30 year terms with coverage amounts for any lifestyle.

Easy to access

Policy details are always at your fingertips in the Fabric app, along with additional built-in tools to help with family finances.

Easy to share

Fabric makes it simple to share up-to-date policy details with your spouse. Because what they don’t know can’t help them.

What customers are how much paying?

Here are some real offers we've made to customers for 10-year term life insurance.

$10.09 PER MONTH- 30 YEAR OLD- female in excellent health

$250K OF COVERAGE-$16.40 PER MONTH-35 YEAR OLD-male in excellent health

$500K OF COVERAGE-$24.61 PER MONTH-40 YEAR OLD-female in excellent health

It only takes a minute to get an estimate for insurance that fits your family's needs.

"If you want fast, simple term life insurance, our to offer is worth a look."

I'm in great shape. Do I need life insurance?

We can't speak for the literally invincible among us, but for everyone else, life insurance is a key part of looking out for our families if the unexpected happens.

Who needs term life insurance?

If you have someone who depends on you financially, you own a business, have debts, or want to leave something behind for friends and family, you can benefit from life insurance. Learn more about if life insurance is necessary.

How much life insurance coverage do I need?

Experts generally recommend a policy that will pay out at least 5x your annual salary. Use our guide, How much life insurance do I need to find out more.

How much is term life insurance?

Term life insurance rates vary by a few factors including your policy terms, coverage amount, and physical condition. Generally the younger and healthier you are the lower your monthly premiums will be. You can get a basic idea of term life pricing here.

How is term life different than whole life insurance?

Term life is just what it sounds like - a policy that covers you for a specific period of time (a term). Learn more about term vs. whole life insurance.

What's covered with term life insurance from Our offer?

If your application is approved and you purchase a term life policy, you will be covered for mortality for anything from accidents to natural causes and unexpected illness.

How do I buy term life insurance online?

With Fabric, it's easy. Apply online in less than 10 minutes by answering a few questions. You may be offered coverage right away. Other applicants will be referred through our underwriting process before a final decision can be made. If you are approved for coverage, you can choose your policy term—10, 15 or 20 years—and coverage amount before entering your payment information. Coverage begins upon receipt of a successful payment.

What if I change my mind?

We offer a 30-day money back guarantee and the ability to cancel your coverage at any time.

Will my life insurance premium ever change?

Life is full of uncertainties—your policy price shouldn't be one of them. In fact, we guarantee that your price won't change for your full-term period, no matter what happens in the economy

Typically, life insurance proceeds aren't taxed, nor will you have to report the death benefit amount to the IRS. However, any interest you receive from the life insurance company will count as taxable income. Some whole life policies also pay policyholders dividends. Dividends count as a return of your premium payment, so generally you don’t pay taxes on them.

We will give you consultancy support when you complete our Consultancy Application form.  Please fill out the Counseling Application Form .

Term Life Insurance Plan

Just married or buying a house? Do you have a young family?

Term Life Insurance provides an option for young families to protect their financial future. You choose the coverage amount and time frame that meet your needs – from $100,000 to $300,000* for 10, 20 or 30 years. Applying is easy, with no medical exam required in most cases.

Whole Life Insurance

Coverage from $25K to $1 Million

Available for adults ages 18 - 70

Optional Waiver of Premium Rider

Simplified Senior Life Insurance

Coverage from $25K to $100K

Available for adults ages 50 - 80

Guaranteed level premiums

Guaranteed Life Insurance

Available for adults ages 50 - 80¹

Adult coverage from $5K to $25K²

Rates guaranteed never to increase

The Grow-Up^® Plan

Children ages 14 days to 14 years

$10,000 - $50,000 of coverage

Coverage doubles during age 18

Builds cash value

Accident Protection

Available for adults ages 18 - 69

Coverage from $50K to $250K

Can't be turned down due to health

Coverage for Spouse and Children

Life Insurance College Plan

Guaranteed payout of $10K to $150K

Stable growth that never loses value

Flexibility to use the money

Term Life Insurance

Most of the time, when you’re researching different types of life insurance, you’ll be presented with two main options: term life insurance and whole life insurance.

Term life insurance is one of the most popular types of life insurance. It offers death benefit protection for a specific time period, such as 10 years, 15 years or 20 years. Because it only pays out in the event of the insured’s death, term life insurance is also a very affordable way to obtain coverage.

You pay a premium during a specific length of time (the term). If you die during the term, your beneficiary receives a death benefit. If you don’t, the term ends and you get no cash value or other payout from the policy.

Benefits of a 15–20-year term insurance policy

Compared to whole life, term life insurance tends to be significantly more affordable, since it covers you for a specific period of time rather than forever. In this case, you'd have the benefit of shorter-term coverage. A 20-year term is popular because many families use term life insurance as protection while their kids are growing up. Term life is typically used to replace the income you would have contributed toward housing, education or lifestyle activities like extracurricular sports for the kids.

Typically, the higher your risk of death, the more your insurance will be. The cost of a 15-year term insurance policy can depend on variables including your age, gender, location, health and whether or not you smoke. A 55-year-old who smokes would likely pay a higher premium than, say, a generally healthy 35-year-old.

Whole Life Insurance

Since this is a type of permanent life insurance, you can expect the monthly premiums to be higher than a term policy with similar coverage.  If you're looking for affordable online life insurance, check out term life insurance through our plans.

Simplified Issue Life Insurance

If you’re over 50, or even in your 40s with some health problems, buying life insurance can get tougher.

With a simplified issue policy, you skip the typical life insurance medical exam and fill out a detailed questionnaire instead. this can  be a good option for seniors or people with moderate health risks.

Guaranteed Issue Life Insurance

If qualifying for life insurance is a serious hurdle, guaranteed issue takes things a step further than simplified issue. Almost no one gets declined for this kind of policy, so it’s helpful as a last-ditch resort. Because they are guaranteed issue, these policies tend to be more expensive for the same amount of coverage compared to non-guaranteed policies.

AD&D or Accident Insurance

Accident Protection Insurance is an accidental death and dismemberment (AD&D) policy, which provides financial protection in case of death or disabling injury caused by qualifying accidents.

You can get $50,000 to $250,000 in coverage to help cover out-of-pocket medical expenses, lost wages and more. You can also buy coverage for your spouse, from $25,000 up to the same amount as your coverage.

You and your spouse are eligible to apply for up to $500,000 in combined coverage if you're both – 18 to 69 years old. You are eligible regardless of health or occupation – no physical exam or health questions needed.

Life Insurance College Plan Benefits

Life Insurance College Plan grows in value over time and isn't impacted by the ups and downs of the stock market to help pay for college when your child is ready.

Receive a guaranteed* payment of $10,000 to $150,000 when your policy reaches maturity, as long as premiums are paid.

You can use the payout money from your Life Insurance College Plan for college expenses or anything else. You're giving your child a head start in life — no matter what your child's future brings.

If something happens to you prior to maturity, the full benefit amount will be paid to your beneficiary.

Grow-Up® Child or Grandchild Plan Benefits

Give your child or grandchild the Grow-Up® Plan to ensure they have quality whole life insurance protection that can last a lifetime.

Your child or grandchild’s Grow-Up® Plan coverage will automatically double at no extra cost. Give them $50,000 in coverage today and watch it become $100,000 during age 18.

The Grow-Up® Plan builds cash value over time for your child or grandchild's future. They can then borrow against it to help out with unexpected expenses. More than 75% of applications are approved in seconds.

Benefits of Life Insurance for Young Adults

You can secure this valuable life insurance for young adults at a fixed rate.

Unlike many types of term life insurance that raise rates each year, you will pay the same premiums for as long as you and your teenager own the policy.

Coverage doubles during age 18 automatically.

For example, a $10,000 policy doubles to $20,000, a $15,000 policy doubles to $30,000 and so on – with no increase in your monthly premium.

A Young Adult whole life policy has a guaranteed cash benefit, helping protect you and your family if the unexpected occurs.

Is Life Insurance a Good Gift for a Newborn Baby?

Products like the Life Grow-Up Plan are whole life insurance policies that can provide protection for a child’s entire life and build cash value over time, helping create a nest egg for their future. The Grow-Up Plan can be purchased for babies 14 days old up to 14 years old, and they can keep the coverage as adults.

We will give you consultancy support when you complete our Consultancy Application form.  Please fill out the Counseling Application Form .

Group insurance is coverage given to a group of members as part of an employee benefits package, rather than insurance you purchase on your own. If you've had health, dental, vision or other insurance coverage through your job, you're familiar with the concept of group insurance.

According to the Kaiser Family Foundation, about 50% of Americans are covered by employer-provided group insurance.1 Because your employer can contribute to the cost of insurance coverage, it usually comes at a lower cost than an individual policy.

Group insurance plans are purchased by organizations and provided as employee benefits.

Although it's called “group” insurance, each employee is enrolled in their own policy just as they would be if they had purchased insurance independently. The word “group” simply references the fact that an insurance provider is covering a group of people associated with a single organization.

If your company offers group insurance as an employee benefit, you can choose to enroll in or decline the coverage that you are eligible for. If you choose to enroll, your premium payments may be covered in part by your employer. In some cases, your employer may cover all or most of the premium cost. Your own contribution toward the monthly premiums is often automatically deducted from your paycheck.

Health insurance is the most common type of group insurance. The Affordable Care Act (ACA) requires businesses with 50 or more employees to provide group medical coverage or be subject to a fee.2 However, your workplace may offer several different varieties of group insurance, including insurance plans that protect you and your loved ones in the event of accidents, illnesses, disability, or death.

If you're an existing employee who chose to decline coverage when you were first hired, but have changed your mind since then, you'll likely need to wait for open enrollment to sign up – unless you experience a qualifying life event.

Open enrollment is the period when you can sign up for group insurance coverage without experiencing a qualifying life event. Some employers try to align their open enrollment period with that of the ACA Health Insurance Marketplace, which occurs at the end of the calendar year. Some organizations may schedule open enrollment at other times, so be sure to check with your employer to see when open enrollment starts and ends.

Generally, if you have started a new job or have recently turned 26, you will be covered by a period called the special enrollment period. This, along with other eligible life events, allows you to enroll in insurance coverage outside of the open enrollment period.

Group insurance coverage can be a great option if it's right for you. As outlined below, it comes with a number of benefits that can make signing up worthwhile.

Lower cost: Since you usually split the price of insurance premiums with your employer, you'll likely save money by signing up for group insurance.

No exams: Unlike individual insurances, group coverage usually doesn't require you to disclose any pre-existing conditions or conditions that could make enrollment difficult.

Ease of enrollment: Typically, group insurance coverage is managed by your HR representatives and requires very little communication between you and the insurer to enroll.

When you fill out our Counseling Application form, we will give you consultancy support. Please fill out the Consultancy Application Form .

Partner Insurance Groups are responsible for Auto & Home's operations.

Vehicle insurance ; Casco-Motorcycles-Boats and Marine Vehicles-Collective Auto-RV-ATV & Off-Road-RV & Motor Home- 5th Wheel-Travel Trailer

Home Insurance ; Landlords-Tenants-Mobile & Manufactured Home-Holiday Homes--Landlord-Earthquake-Flood

Business Insurance; Commercial Auto-Commercial Property-Workers Compensation-General Liability

We structure the insurance services to be used according to Islamic Finance criteria. Please review https://globalfinanceplatform.com/conversion/

Group insurance is usually offered at a discounted rate through your employer. Personal insurance is a plan you buy for yourself on the market or directly from an insurance company, and it usually costs more.

Types of group insurance coverage

Common types of group insurance include health insurance, dental insurance, and life insurance. Although, there are a number of additional types of insurance that can be offered through your employer. Many supplemental insurances are extended to employees through group coverage as well. These can include:

Vision insurance

Accident insurance

Disability insurance

Hospital indemnity insurance

Critical illness insurance

Cancer insurance

Legal insurance

If you want to learn more about the specific types of group insurance your workplace offers, check in with your HR representative. They’ll be able to explain exactly what options you have, how much they’ll cost, when to enroll, and how to enroll.

What are the Islamic principles adopted by Islamic Insurance- Takaful?      

Tabarru’ (Donation): In takaful business, tabarru’ is a donation for the purpose of mutual protection among the participants. Tabarru’ is credited from the Participant Investment Fund (“PIF”) to the Participant Risk Fund (“PRF”) which will be used to help other participants in the event of any misfortune.

Wakalah: Wakalah (agency) contract in takaful business refers to a contract established between the Certificate Holder and the Operator -Adviser where the Certificate Holder appoints the Operator as a wakeel (agent) to manage the takaful funds on behalf of the Certificate Holder in accordance with the sharia principles. As a wakeel, the operator is entitled to a wakalah (agency) fee for executing two (2) main tasks: managing the takaful funds, namely Participant Investment Fund (PIF) and Participant Risk Fund (PRF); and facilitating the investment of the takaful funds.

Ta’awun: Ta’awun means corporation or solidarity (based on the spirit of brotherhood, righteousness and piety). In takaful context, ta’awun is referred to as mutual help and indemnity where the participants are committed to making donations with the intention to help each other against any defined perils within the Takaful scheme.

Life insurance is an essential part of a comprehensive estate plan to protect your family, the primary goal of Shariah. Life Insurance Allowed For Muslim Americans. Islamic law specifically allows for Takaful, where policyholders pool their premiums to support each other.

This embodies the spirit of compassion in Islam and is the only option for Muslims whenever possible. Since takaful is not available in the United States and will not be in the near future, leading Islamic scholars such as Mustafa Ahmad Al-Zarqa, Abdelwahab Khallaf and Monzer Kahf (among others) allow term life insurance.

These scholars emphasize that Islamically we are allowed to ensure the financial security of our family with term life insurance because of (al-dharura) necessity and (al-hajja) need to protect one's family.

We've partnered with the best Life Insurance companies to help Muslim Americans protect their families. The application takes 30 minutes and is usually instant. With our life insurance services; If you leave your family, you can have peace of mind knowing that they are cared for and that you are fulfilling your Islamic obligation to protect your family.

We configure Islamic life insurance plans with Trust. Please review  Please you review https://globalfinanceplatform.com/conversion/

 

Persons who want to receive insurance services transfer the service purchase contract policy from the designated insurance company to the Trust.

The Trust pays monthly service fees on behalf of the Trust owner for this insurance policy plan.

You will transfer your purchased insurance plans to your 100% owned Trust pool by contract. Your protection at Güven will be very beneficial for you. As you are the donor and beneficiary of this Trust, you have the same rights as a regular insurance holder. Thus, you can renew or cancel your insurance policies and plans in the Trust as you wish.

Since you are the one giving the trust, you have full authority when you want to transfer it. Trust will represent you.

The Insurance companies you receive services from will continue to be investors, but you will no longer pay Riba. Once configured, your transaction will be restructured as a lease (Ijara) or buy-sell (Murabaha) transaction, which you trust.

You will make a payment to Güven for the insurance policies and plans you have transferred to Güven. Insurance companies will be investors in the transaction and will receive their investments and receivables from the Trust. You will make the payment on behalf of the online Trust.

Trust holders will authorize the Trust to pay for insurance companies (as a buy-sell-rent-use fee).

In this model, we can configure not only the insurance services you have received before, but also your new insurance needs.

You can always choose the insurance companies that provide insurance services on the conditions that best suit you.

You do not need additional approval as the configuration process with the Trust is not a problem by the insurance companies, after you open your private Trust, you will be able to legally make purchase-sale-lease-transfer-attorney contracts online.

IN SUMMARY;

You will pay the cost of the services you receive from the insurance company in the form of Tabarru-Donation through the Trust. You will appoint the insurance company as a proxy for the transactions. Payments and benefits that the insurance company will make to you on behalf of the Trust are also considered within the scope of Teawun.

With life insurance, you are investing in the Trust. With the contract of trust, these investments will help you when you are sick or sick.

We legally prepare the establishment of the Trust on your behalf. You transfer your assets and policies to the Trust with contracts.

We will give you consultancy support when you complete our Consultancy Application form. Please fill out the Counseling Application Form.

You can send a message via the following email or Contact.financialservices@globalfinanceplatform.com

Likewise, we legally prepare the establishment of Trust on behalf of the group. Insurance service contracts, which will be serviced under contracts, are transferred to the Group Trust.

Group; With the Health and Life insurance contracts for the members, it invests in the Group Trust. With the trust contract, these investments will help members, company employees or foundation members get sick or fall ill.

Company employees or members pay the cost of services received from the insurance company on behalf of the Group in the form of Tabarru-Donation through the Trust. Members appoint the Group Trust as Agent for Insurance transactions. Payments and aids to be made by the insurance company to the members on behalf of the Trust are also considered within the scope of Teawun.

Insurance service plans purchased on behalf of the group are contractually transferred to the Trust pool, which is 100% owned by the group. It will be very beneficial for the members to protect the insurance services of the group owner in Trust. Because the donor and beneficiary of this Trust are the Group owner, they have the same rights as a regular insurance holder. Thus, members can renew or cancel insurance policies and plans in the Group Trust as they wish. These transactions are done legally by Trust attorneys.

Since there are groups and members who give the trust, they have full authority when they want to transfer. The Group Trust will represent the members.

The Insurance companies you receive services from will continue to be investors, but you will no longer pay Riba. Once configured, your transaction will be restructured as a lease (Ijara) or buy-sell (Murabaha) transaction, which you trust.

You will pay Trust  for insurance policies and plans transferred to Grup Trust. Insurance companies will be investors in the transaction and will receive their investments and receivables from the Trust. You will make the payment on behalf of the online Trust.

Group Trust holders will authorize the Trust for members' payment (as a buy-sell-rent-use fee) for insurance companies.

In this model, we can configure not only the insurance services you have received before, but also your new insurance needs.

You can always choose the insurance companies that provide Group Insurance services under the most suitable conditions for you.

You do not need additional approval as the configuration process with the Trust is not a problem by the insurance companies, after you open your private group Trust, you will be able to legally make purchase-sale-lease-transfer-attorney contracts online.

 

Please you reviewhttps://globalfinanceplatform.com/insurance-services/

We will give you consultancy support when you complete our Consultancy Application form. Please fill out the Counseling Application Form.

You can send a message via the following email or Contact. financialservices@globalfinanceplatform.com

We will give you consultancy support when you complete our Consultancy Application form. Please fill out the Counseling Application Form.

You can send a message via the following email or Contact. financialservices@globalfinanceplatform.com

 

OUR PRODUCTS AND CATEGORIES FOR ISLAMIC FINANCE

I- RESIDENTIAL LOAN

II-COMMERCIAL LOANS

III-OTHER FINANCIAL LOANS

IV- INSURANCE SERVICES

ELIT HEALTH INSURANCE PLANS

The healthcare needs of Americans are not the same for all families. Individual coverage plans exist that meet specific niches such as: 1) supplementing existing coverage, 2) providing coverage for a particular duration, or 3) for those health insurance shoppers who are of a certain age or level of income level.

Below is a list of some of health insurance products in the market today. This will help you to determine what plan might be the best fit for you.

Major Medical Health Insurance

Major medical health insurance used to the term used to refer to comprehensive health insurance coverage either provided by employers or purchased by families directly from health insurers. These plans are now referred to as Qualified Health Plans (QHP) or Obamacare Health Plans.

Short Term Health Insurance Plans

Short term plans are health insurance plans that typically have a limited duration of coverage ranging from 30 to 365 days. They are designed to provide temporary coverage until permanent health coverage via a qualified health plan is available. These plans do not meet the health law requirement of purchasing health insurance.

Student Health Plans

Student health plans are usually provided by a college or university and are generally an easy way to acquire easy and affordable health insurance coverage. In most cases it provides at least "minimum essential coverage" required by law and if enrolled you will not have to pay the penalty for not having health insurance. Be sure to check with the the plan to make sure. There is no special student exemption to the health insurance law, and students are required to be enrolled in a qualified health plan. Students can also purchase health insurance directly through the health insurance marketplace, or remain on their parents plan until age 26.

Dental Insurance and Dental Discount Plans

Dental insurance and dental discount plans are really two different things. Dental insurance provides cost sharing for oral health services. Shoppers apply, enroll, and if accepted pay a monthly premium for the insurance just as is done with health insurance.

Dental discount plans are low cost memberships that provide access to discounted services from participating providers. Discounts typically range from 10-50%. As you might imagine neither dental insurance nor dental discount plans meet the federal health law requirement of purchasing health insurance.

Vision Insurance

Vision insurance is usually a type of insurance that is added on to other types of health insurance policies. Vision insurance helps offset the costs of routine vision care checkups as well as provide discounts for vision correction wear (such as glasses or contact lenses) that may be prescribed by the attending physician. Vision insurance plans by themselves do not meet the Federal health law requirement that all Americans be covered by a health insurance policy that provides at minimum essential coverage.

Accident Insurance Plans

Accident insurance plans help you pay for the medical and out-of-pocket costs that can add up after an accident or injury. Accident insurance plans include coverage for emergency treatment, hospital stays and medical exams, and other expenses you may face, such as transportation and lodging needs. Accident insurance plans do not provide minimum essential coverage required by the affordable care act, and purchasing one of these plans by itself will not save you from paying a tax penalty.

Medicare Supplement Plans (Medigap)

Medicare supplement plans are plans for Medicare beneficiaries (generally age 65+). These plans are insurance policies that include a standardized sets of benefits offered by private health insurance companies that pay the portion of healthcare expenses that is not paid by Original Medicare. Medicare supplement plans are purchased in conjunction with being enrolled in Medicare Parts A & B.

Medicare Advantage Plans (Medicare Part C)

Medicare Advantage Plans are another type of coverage for Medicare beneficiaries. Medicare Advantage plans — offered by private health insurance companies — are another way to receive Medicare coverage. If you enroll in a Medicare Advantage plan, you will still have Medicare, however you will receive Medicare Part A & Part B benefits directly from the private insurance company as opposed to Original Medicare.

Medicare Drug Plans (Medicare Part D)

Medicare drug plans are offered by private insurers. these stand-alone prescription drug plans are available to Medicare beneficiaries. They can also be purchased along with a Medicare Supplement or Medicare Advantage Plan.

Medicaid

Medicaid is a social health care program for low-income families and individuals. The Health Insurance Association of America describes Medicaid as a government insurance program for persons of all ages whose income and resources are insufficient to pay for health care.

What is Home Insurance?

Home insurance, also commonly called hazard insurance or homeowner's insurance (and often abbreviated in the US real estate industry as HO1), is a type of property insurance that covers a private residence.

It is an insurance policy that combines various personal insurance protections, which can include losses occurring to one's home, its contents, loss of use (additional living expenses), or loss of other personal possessions of the homeowner, as well as liability insurance for accidents that may happen at the home or at the hands of the homeowner within the policy territory.

 

 

 

Typical Home Insurance Coverages

Section I — Property Coverages

Coverage A – Dwelling

Covers the value of the dwelling itself (not including the land). Typically, a coinsurance clause states that as long as the dwelling is insured to 80% of actual value, losses will be adjusted at replacement cost, up to the policy limits. This is in place to give a buffer against inflation. HO-4 (renter's insurance) typically has no Coverage A, although it has additional coverages for improvements.

Coverage B – Other Structures

Covers other structure around the property that are not used for business, except as a private garage. Typically limited at 10% to 20% of the Coverage A, with additional amounts available by endorsement.

Coverage C – Personal Property

Covers personal property, with limits for the theft and loss of particular classes of items (e.g., $200 for money, banknotes, bullion, coins, medals, etc.). Typically 50 to 70% of coverage A is required for contents, which means that consumers may pay for much more insurance than necessary. This has led to some calls for more choice.

Coverage D – Loss of Use/Additional Living Expenses

Covers expenses associated with additional living expenses (i.e. rental expenses) and fair rental value, if part of the residence was rented, however only the rental income for the actual rent of the space not services provided such as utilities.

Additional Coverages

Covers a variety of expenses such as debris removal, reasonable repairs, damage to trees and shrubs for certain named perils (excluding the most common causes of damage, wind and ice), fire department changes, removal of property, credit card / identity theft charges, loss assessment, collapse, landlord's furnishing, and some building additions. These vary depending upon the form.

 

 

 

 

 

Floods

Flood damage is typically excluded under standard homeowners and renters insurance policies. Flood coverage, however, is available in the form of a separate policy both from the National Flood Insurance Program (NFIP) and from a few private insurers.

Section II — Liability Coverages

Coverage E – Personal Liability

Covers damages which the insured is legally liable for and provides a legal defense at the insurer's own expense. About a third of the losses for this coverage are from dog bites.

BUSINESS OWNERS INSURANCE

A business owner policy (BOP) packages all required coverage a business owner would need. BOPs typically include:

Property insurance for buildings and contents owned by the companye.

Business interruption insurance, which covers the loss of income resulting from a fire or other catastrophe that disrupts the operation of the business.

Liability protection, which covers your company's legal responsibility for the harm it may cause to others.

In most cases, BOPs do NOT cover professional liability, auto insurance, worker’s compensation or health and disability insurance. You'll need separate insurance policies to cover professional services, vehicles and your employees.

 

 

 

 

 

COMMERCIAL PROPERTY INSURANCE

Business insurance protects your investment by minimizing financial risks associated with unexpected events such as a death of a partner, an injured employee, a lawsuit, or a natural disaster.

Business Insurance is a broad name for different coverages available to the business owner to protect against losses and to insure the continuing operation of the business.

Commercial Umbrella Insurance

Commercial Umbrella insurance is liability coverage that is in excess of specified other commercial insurance policies and also potentially primary insurance for losses not covered by the other policies. When an insured business is liable to someone, the insured's primary insurance policies pay up to their limits and any additional amount is paid by the umbrella policy (up to the coverage limit of the umbrella policy).

Professional Liability Insurance

Professional liability insurance (PLI), also called professional indemnity insurance (PII) but more commonly known as errors & omissions (E&O) in the US, is a form of liability insurance that helps protect professional advice and service-providing companies from bearing the full cost of defending against a negligence claim made by a client, and damages awarded in such a civil lawsuit. Professional liability coverage sometimes also provides for the defense costs, including when legal action turns out to be groundless.

Workers Compensation

Workers' compensation is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue his or her employer for the tort of negligence.

What is Auto Insurance?

Auto insurance provides financial protection against physical damage and/or bodily injury resulting from traffic collisions and against liability that could also arise therefrom.

Auto insurance may also offers financial protection against theft of the vehicle and damage to the vehicle, sustained from things other than traffic collisions.

Auto Insurance Coverages

There are basically six different types of coverages. Some may be required by law. Others are optional. They are:

Bodily Injury Liability - for injuries the policyholder causes to someone else.

Medical Payments or Personal Injury Protection (PIP) - for treatment of injuries to the driver and passengers of the policyholder’s car.

Property Damage Liability - for damage the policyholder causes to someone else’s property.

Collision - for damage to the policyholder’s car from a collision.

Comprehensive - for damage to the policyholder’s car not involving a collision with another car (including damage from fire, explosions, earthquakes, floods, and riots), and theft.

Uninsured Motorists Coverage - for costs resulting from an accident involving a hit-and-run driver or a driver who does not have insurance.

COMMERCIAL AUTO INSURANCE

Covers cars, trucks, motorcycles, and other road vehicles owned by or operated within a business. Its primary use is to provide financial protection against physical damage and/or bodily injury resulting from traffic collisions and against liability that could also arise therefrom. Commercial auto insurance may also offer financial protection against theft of the vehicle and possibly damage to the vehicle, sustained from events other than traffic collisions.

ATV INSURANCE

What is All Terrain Vehicle Insurance?

All Terrain Vehicle insurance provides financial protection against physical damage and/or bodily injury resulting from collisions and against liability that could also arise from the use or storage of your ATV.

MOTORCYCLE INSURANCE

What is Motorcycle Insurance?

Motorcycle insurance provides financial protection against physical damage and/or bodily injury resulting from traffic collisions and against liability that could also arise from the actions of the motorcycle driver.

Motorcycle insurance may also offer financial protection against theft of the motorcycle and damage sustained from things other than traffic collisions.The main coverages are:

Accessory Coverage ,Comprehensive Physical Damage Coverage ,Collision Coverage,Bodily Injury Liability Coverage , Property Damage Liability Coverage ,Medical Payments Coverage,Personal Injury Protection Coverage , Uninsured/Underinsured Motorist Coverage,Motorcycle Roadside Assistance Coverage

What is RV Insurance?

RV Insurance coverage is designed for most recreational vehicles, including motor homes, fifth wheel trailers, Airstream travel trailers, mounted truck campers and more.

Specialized RV coverage provides the features specific to the needs of an RV owner like contents coverage.

There are basically six different types of coverages. Some may be required by law. Others are optional. They are:Bodily injury liability - for injuries the policyholder causes to someone else.

Medical payments or Personal Injury Protection (PIP),Property damage liability - for damage the policyholder causes to someone else’s property.

Collision - for damage to the policyholder’s car from a collision.

Comprehensive - for damage to the policyholder’s car not involving a collision with another car (including damage from fire, explosions, earthquakes, floods, and riots), and theft.

Uninsured motorists coverage - for costs resulting from an accident involving a hit-and-run driver or a driver who does not have insurance.