Claims Adjuster – Explained

What is a Claims Adjuster? An adjuster is a claim agent who is responsible for investigating and evaluating an insurance claim to determine the extent of the insurance company’s liability. During the investigation process, the adjuster may interview the claimant...

Omnibus Clause – Explained

What is an Omnibus Clause? An omnibus clause refers to a clause used in an automobile liability insurance policy clause. It offers coverage to individuals who are not covered in the policy. It is applicable to those individuals who can use an insured automobile. How...

Waterfall Concept – Explained

What is a Waterfall Concept? A waterfall concept in a clause or strategy used in life insurance policies that allow the child or grandchild of the policyholder to enjoy the policy. The waterfall concept means that a life insurance policy can rollover or be passed on...
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