With terms like 'excess' and 'endorsement' used by risk professionals every day it's helpful to know what they mean in plain English. And no, 'excess' isn't something that happens at the best parties!
Flood InsuranceThis is designed to reimburse property owners from loss due to flood. Usually sold in connection with a government flood insurance plan. Some insurers no longer offer insurance policies in places where there is a high risk of flooding.
The length of time the policy runs for.
Life insurance for a set term which will pay out a tax-free amount if the policyholder dies.
A party involved in a claim who is neither the policyholder nor the insurance company.
A means of managing a person's estate after they've died.