These adjusters differ from public adjusters, who negotiate with insurers on behalf of policyholders, and receive a portion of a claims settlement. They kick in when the insured requires temporary shelter due to damage by a covered peril that makes the home temporarily uninhabitable.Īn individual employed by a property/casualty insurer to evaluate losses and settle policyholder claims. Evaluates insurance firms’ reserves, determines rates and rating methods, and determines other business and financial risks.Įxtra charges covered by homeowners policies over and above the policyholder's customary living expenses.
Benefits will pay for preventative services, medical expenses, and catastrophic care, with limits.Ī form of insurance that pays damages equal to the replacement value of damaged property minus depreciation.Īn insurance professional skilled in the analysis, evaluation, and management of statistical information. Many individuals who choose the accelerated death benefit have less than one year to live and use the money for treatments and other costs needed to stay alive.Ĭoverage for accidental injury, accidental death, and related health expenses. Contact Patton-Chesnut-Binder Insurance today to learn more.Ī form of variable annuity contract where the contract holder pays sales charges up front rather than eventually having to pay a surrender charge.Ī benefit that can be attached to a life insurance policy that enables the policy holder to receive cash advances against the death benefit in the case of being diagnosed with a terminal illness.
If available, some optional coverages and benefits might be offered at an additional charge. Insurance Glossary Insurance terms and definitions from Patton-Chesnut-Binder Insurance.Ĭoverages and benefits listed below may not be available in your state.
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