Glossary B

Bad faith

1. Bad Faith Vs. Denial: Insurance Claim (Misconceptions)
2. Claim Denial Vs. Reservation of Rights: Insurance (Scenarios)
3. Appraisal Vs. Arbitration: Resolving Insurance Disputes (Explained)
4. Claim Dispute Vs. Complaint: Navigating Insurance (Challenges)
5. Settlement Vs. Litigation: Navigating Insurance Disputes (Guide)
6. Claim Vs. Appeal: Understanding Insurance (Processes)

Bad faith allegations

1. Claim Dispute Vs. Complaint: Navigating Insurance (Challenges)

Bad faith claim

1. Bad Faith Vs. Denial: Insurance Claim (Misconceptions)
2. Claim Denial Vs. Reservation of Rights: Insurance (Scenarios)
3. Claim Dispute Vs. Complaint: Navigating Insurance (Challenges)
4. First-Party Vs. Third-Party Insurance: Roles (Unveiled)

Bad faith insurance practices

1. Claim Denial Vs. Reservation of Rights: Insurance (Scenarios)
2. Bad Faith Vs. Denial: Insurance Claim (Misconceptions)
3. Settlement Vs. Litigation: Navigating Insurance Disputes (Guide)

Balance billing

The practice of billing patients for the difference between the amount charged by a healthcare provider and the amount paid by insurance.

1. Co-payment Vs Co-insurance: Decoding Health Insurance (Terms)
2. Claim Vs. Appeal: Understanding Insurance (Processes)
3. Deductible Vs. Out-Of-Pocket Limit: Insurance (Costs)
4. Open Vs. Closed Insurance: Navigating the (System)

Bankruptcy

1. How Does a Background Check Impact Becoming an Insurance Agent? (10 Important Questions Answered)
2. What Should I Know About Background Checks for Becoming an Insurance Agent? (10 Important Questions Answered)
3. Demand Letter Vs. Settlement Offer: Negotiation (Unveiled)

Bargaining power

The ability to negotiate from a position of strength.

1. Counter-Offer Vs. Rejection: Navigating Negotiation (Strategies)
2. First Offer Vs. Final Settlement: Negotiation (Tactics)
3. Individual Health Insurance Vs. Group Health Insurance: Which One Is More Affordable?

Bargaining power dynamics

1. First Offer Vs. Final Settlement: Negotiation (Tactics)

Bargaining range

1. First Offer Vs. Final Settlement: Negotiation (Tactics)

BATNA (Best Alternative to a Negotiated Agreement)

The best option available if a negotiation fails.

1. Demand Letter Vs. Settlement Offer: Negotiation (Unveiled)
2. Counter-Offer Vs. Rejection: Navigating Negotiation (Strategies)
3. First Offer Vs. Final Settlement: Negotiation (Tactics)
4. Mediation Vs. Arbitration: Dispute Resolution (Demystified)

Beneficiary

1. Beneficiary Vs. Policyholder: The Critical Distinction (Defined)
2. Death Benefit Vs. Cash Value: Life Insurance (Clarity)
3. Accidental Death Vs. Dismemberment: Insurance (Guide)
4. Life Insurance Vs. Mortgage Protection Insurance: Which One Do You Need More?
5. Glossary Terms
6. Exclusions Vs. Exceptions: Insurance Policy (Nuances)
7. Fixed Vs Variable Annuities: Key Differences (Explained)
8. Universal Vs. Variable Life Insurance: Making Sense (Clear)
9. Medicare Vs. Medicaid: Navigating Public Insurance (Options)
10. Term Life Vs. Permanent Life Insurance: Which One Is A Better Investment?
11. Term Life Insurance Vs. Accidental Death And Dismemberment: Which One Is Better?
12. Compensation Vs. Damages: Insurance Negotiation (Unpacked)
13. Term Life Vs. Whole Life: Which One Is Right For You?
14. Actual Cash Value Vs. Agreed Value: Insurance (Clarified)
15. Group Vs Individual Insurance: Which to Choose? (Decision)
16. Medicare Advantage Vs. Medigap: Which One Is The Best Option For You?
17. Settlement Vs. Litigation: Navigating Insurance Disputes (Guide)

Beneficiary Designation

1. Accidental Death Vs. Dismemberment: Insurance (Guide)

Benefit caps

Limits on the amount of benefits that can be received under an insurance policy or employee benefit plan.

1. Co-payment Vs Co-insurance: Decoding Health Insurance (Terms)

Benefit duration

1. Short-Term Vs. Long-Term Disability: Insurance (Details)

Benefit limits

1. Claim Vs. Appeal: Understanding Insurance (Processes)
2. Disability Insurance Vs. Long-Term Care Insurance: Which One Do You Need More As You Age?

Benefit packages

The collection of benefits offered to employees by an employer, including health insurance, retirement plans, and other perks.

1. Group Vs Individual Insurance: Which to Choose? (Decision)

Benefit periods

1. Short-Term Vs. Long-Term Disability: Insurance (Details)
2. Medicare Vs. Medicaid: Navigating Public Insurance (Options)

Benefits

1. Short-Term Vs. Long-Term Disability: Insurance (Details)
2. Individual Health Insurance Vs. Group Health Insurance: Which One Is More Affordable?
3. Disability Insurance Vs. Workers’ Compensation: Which One Protects You More?
4. Short-Term Health Insurance Vs. Long-Term Health Insurance: Which One Is Better?
5. Medicare Advantage Vs. Medigap: Which One Is The Best Option For You?
6. Health Savings Account Vs. Flexible Spending Account: Which One Is Better For You?
7. Critical Illness Insurance Vs. Disability Insurance: Which One Do You Need More?
8. Term Life Vs. Permanent Life Insurance: Which One Is A Better Investment?
9. International Health Insurance Vs. Domestic Health Insurance: Which One Offers Better Coverage?
10. Term Life Insurance Vs. Accidental Death And Dismemberment: Which One Is Better?
11. Pet Insurance Vs. Pet Wellness Plans: Which One Covers More?
12. Medicare Vs. Medicaid: Navigating Public Insurance (Options)
13. Disability Insurance Vs. Long-Term Care Insurance: Which One Do You Need More As You Age?
14. Catastrophic Health Insurance Vs. Comprehensive Health Insurance: Which One Is Right For You?
15. Co-payment Vs Co-insurance: Decoding Health Insurance (Terms)
16. Life Insurance Vs. Mortgage Protection Insurance: Which One Do You Need More?
17. Fixed Vs Variable Annuities: Key Differences (Explained)
18. What Are The Best Career Paths For Insurance Agents? (9 Simple Questions Answered)
19. First Offer Vs. Final Settlement: Negotiation (Tactics)
20. Excess Liability Insurance Vs. Commercial General Liability Insurance: Which One Is The Best Fit For Your Business?
21. Homeowners Insurance Vs. Renters Insurance: Which One Do You Need?
22. Demand Letter Vs. Settlement Offer: Negotiation (Unveiled)
23. Glossary Terms
24. Claim Vs. Appeal: Understanding Insurance (Processes)
25. Mediation Vs. Arbitration: Dispute Resolution (Demystified)
26. Open Vs. Closed Insurance: Navigating the (System)
27. Beneficiary Vs. Policyholder: The Critical Distinction (Defined)
28. Collision Coverage Vs. Comprehensive Coverage: Which One Do You Need For Your Car?
29. How Can I Get Comprehensive Car Insurance Coverage? (9 Simple Questions Answered)
30. Settlement Vs. Litigation: Navigating Insurance Disputes (Guide)
31. Term Life Vs. Whole Life: Which One Is Right For You?
32. Health Maintenance Organization Vs. Preferred Provider Organization: Which One Is Better?
33. Accidental Death Vs. Dismemberment: Insurance (Guide)
34. Third-Party Liability Insurance Vs. First-Party Insurance: What’s The Right Choice For You?
35. Travel Insurance Vs. Medical Insurance: Which One Covers You Better Abroad?
36. Deductible Vs. Premium: Which One Saves You More Money?
37. What Strategies Should I Use to Close Deals as an Insurance Agent? (9 Simple Questions Answered)
38. Out-of-Pocket Maximum Vs. Deductible: Costs (Explored)
39. Car Insurance Vs. Rental Car Insurance: Are You Covered In A Rental Car?
40. Business Insurance Vs. Personal Insurance: What Are The Key Differences?
41. Rider Vs. Endorsement: Amplifying Your Insurance (Options)
42. Umbrella Vs. Excess Coverage: Liability Insurance (Decoded)
43. Umbrella Insurance Vs. Excess Liability: What’s The Difference?
44. HMO Vs PPO: Navigating Health Insurance (Plans)
45. Appraisal Vs. Arbitration: Resolving Insurance Disputes (Explained)
46. What Are The Major Types Of Insurance? (9 Simple Questions Answered)
47. Universal Vs. Variable Life Insurance: Making Sense (Clear)
48. Homeowners Insurance Vs. Title Insurance: What’s The Difference?
49. How Can Risk Management Assist Insurance Agents? (9 Simple Questions Answered)
50. Underinsured Vs. Uninsured: Motorist Coverage (Demystified)
51. Primary Vs. Secondary: Unpacking Health Insurance (Coverage)
52. Personal Property Insurance Vs. Business Property Insurance: What’s The Difference?
53. What Tips Should Insurance Agents Follow to Maximize Their Networking Opportunities? (8 Most Common Questions Answered)
54. How Does Third-Party Insurance Protect You? (9 Simple Questions Answered)
55. Claim Adjuster Vs. Public Adjuster: Roles (Defined)
56. Deductible Vs. Out-Of-Pocket Limit: Insurance (Costs)
57. How Does Commission Affect an Insurance Agent’s Income? (9 Simple Questions Answered)
58. Guaranteed Vs. Reviewable Premiums: Insurance (Decoded)
59. Indemnity Vs. Managed Care: Health Insurance (Unveiled)
60. How Does Collision Insurance Work? (10 Important Questions Answered)
61. Group Vs Individual Insurance: Which to Choose? (Decision)
62. Insured Vs. Insurer: Grasping Insurance (Roles)
63. Compensation Vs. Damages: Insurance Negotiation (Unpacked)
64. Homeowners Insurance Vs. Flood Insurance: Are You Fully Covered?
65. Exclusions Vs. Exceptions: Insurance Policy (Nuances)
66. Dwelling Vs. Personal Property: Home Insurance (Focus)
67. Liability Insurance Vs. Property Insurance: Which One Do You Need More For Your Business?
68. Counter-Offer Vs. Rejection: Navigating Negotiation (Strategies)
69. Liability Vs. Comprehensive Auto Insurance: Which One Do You Need?
70. Cyber Insurance Vs. General Liability Insurance: Which One Covers Your Business Better?
71. Comprehensive Vs Collision: Understanding Auto Insurance (Basics)
72. Underwriting Vs. Claims: The Insurance (Process)
73. Umbrella Vs Excess Liability: Exploring Insurance (Layers)
74. Assigned Risk Vs. Voluntary Market: Insurance (Debunked)
75. Single Limit Vs. Split Limit: Auto Insurance (Clarified)
76. Subrogation Vs. Indemnity: Complex Insurance Terms (Simplified)
77. Loss Vs. Damage: Insurance Claims (Interpreted)
78. How Can I Get Started in a Career as an Insurance Broker? (10 Important Questions Answered)
79. Insurance Defense Vs. Personal Counsel: Legalities (Explained)
80. How Can Landlords Ensure They Get the Best Deal on Earthquake Insurance Renewal? (10 Important Questions Answered)
81. What Types of Referral Rewards Do Insurance Agents Get? (9 Simple Questions Answered)
82. Property Vs. Casualty Insurance: Key Aspects (Defined)
83. How Can I Advance My Career in the Insurance Industry Through Professional Development? (10 Important Questions Answered)
84. What Training Do I Need To Become An Insurance Agent? (10 Important Questions Answered)
85. How Does Liability Insurance Protect You? (10 Important Questions Answered)
86. What Is Liability Protection Insurance? (9 Simple Questions Answered)
87. Liability Vs Full Coverage: Car Insurance (Dilemma)
88. How Long Does It Take To Become An Insurance Agents? (10 Important Questions Answered)
89. What Are the Most Common Causes of Losses in Insurance Agencies? (10 Important Questions Answered)

Beyond a reasonable doubt

1. Claim Vs. Suit: Understanding Legal Implications (Unpacked)

Billing and coding processes

1. Public Vs. Private Health Insurance: Pros and Cons (Discussed)

Binding agreement

A legally enforceable agreement between two parties.

1. Counter-Offer Vs. Rejection: Navigating Negotiation (Strategies)
2. Demand Letter Vs. Settlement Offer: Negotiation (Unveiled)
3. Policyholder Vs. Claimant: Understanding the Difference (Decoded)

Binding arbitration

1. Appraisal Vs. Arbitration: Resolving Insurance Disputes (Explained)
2. Demand Letter Vs. Settlement Offer: Negotiation (Unveiled)

Binding decision

1. Mediation Vs. Arbitration: Dispute Resolution (Demystified)
2. Appraisal Vs. Arbitration: Resolving Insurance Disputes (Explained)
3. Compensation Vs. Damages: Insurance Negotiation (Unpacked)
4. Settlement Vs. Litigation: Navigating Insurance Disputes (Guide)
5. Claim Vs. Suit: Understanding Legal Implications (Unpacked)
6. Actual Cash Value Vs. Agreed Value: Insurance (Clarified)
7. Claim Adjuster Vs. Public Adjuster: Roles (Defined)
8. Claim Denial Vs. Reservation of Rights: Insurance (Scenarios)
9. Demand Letter Vs. Settlement Offer: Negotiation (Unveiled)

Binding decision-making

1. Mediation Vs. Arbitration: Dispute Resolution (Demystified)

Binding decision-making process

1. Mediation Vs. Arbitration: Dispute Resolution (Demystified)

Bodily injury

Physical harm suffered by the insured or others as a result of an incident covered by an insurance policy.

1. Bodily Injury Vs. Personal Injury: Insurance (Distinction)
2. Property Vs. Casualty Insurance: Key Aspects (Defined)
3. Single Limit Vs. Split Limit: Auto Insurance (Clarified)
4. Excess Liability Insurance Vs. Commercial General Liability Insurance: Which One Is The Best Fit For Your Business?
5. Underinsured Vs. Uninsured: Motorist Coverage (Demystified)
6. Cyber Insurance Vs. General Liability Insurance: Which One Covers Your Business Better?
7. Property Damage Vs. Bodily Injury: Claims (Defined)
8. Comprehensive Vs Collision: Understanding Auto Insurance (Basics)
9. Umbrella Insurance Vs. Excess Liability: What’s The Difference?
10. How Does Liability Insurance Protect You? (10 Important Questions Answered)
11. What Are The Major Types Of Insurance? (9 Simple Questions Answered)
12. Third-Party Liability Insurance Vs. First-Party Insurance: What’s The Right Choice For You?
13. Liability Insurance Vs. Property Insurance: Which One Do You Need More For Your Business?
14. First-Party Vs. Third-Party Insurance: Roles (Unveiled)
15. Compensation Vs. Damages: Insurance Negotiation (Unpacked)
16. What Is Liability Protection Insurance? (9 Simple Questions Answered)
17. Umbrella Vs. Excess Coverage: Liability Insurance (Decoded)
18. Actual Cash Value Vs. Agreed Value: Insurance (Clarified)
19. Occurrence Vs. Claims-Made: Understanding Liability Policies (Unraveled)
20. Policyholder Vs. Claimant: Understanding the Difference (Decoded)
21. Peril Vs. Hazard: Understanding Home Insurance (Terminology)
22. Business Insurance Vs. Personal Insurance: What Are The Key Differences?
23. How Does Third-Party Insurance Protect You? (9 Simple Questions Answered)
24. What Types Of Insurance To Landlords Need? (10 Important Questions Answered)

Bodily injury claims

Insurance claims related to injuries suffered by the insured or others as a result of an incident covered by an insurance policy.

1. Property Damage Vs. Bodily Injury: Claims (Defined)
2. First-Party Vs. Third-Party Insurance: Roles (Unveiled)
3. Bodily Injury Vs. Personal Injury: Insurance (Distinction)
4. Policyholder Vs. Claimant: Understanding the Difference (Decoded)
5. Property Vs. Casualty Insurance: Key Aspects (Defined)

Bodily injury coverage

1. Bodily Injury Vs. Personal Injury: Insurance (Distinction)
2. Compensation Vs. Damages: Insurance Negotiation (Unpacked)
3. Claim Vs. Premium: Deciphering Insurance (Jargon)
4. Liability Vs Full Coverage: Car Insurance (Dilemma)
5. Policyholder Vs. Claimant: Understanding the Difference (Decoded)
6. Property Vs. Casualty Insurance: Key Aspects (Defined)
7. How Does Third-Party Insurance Protect You? (9 Simple Questions Answered)

Bodily injury liability

Insurance coverage that provides compensation for injuries caused to others by the insured person or entity.

1. Liability Vs Full Coverage: Car Insurance (Dilemma)
2. Single Limit Vs. Split Limit: Auto Insurance (Clarified)
3. Property Vs. Casualty Insurance: Key Aspects (Defined)
4. First-Party Vs. Third-Party Insurance: Roles (Unveiled)
5. All-Risk Vs. Named-Peril: Insurance Policies (Decoded)
6. Claim Vs. Premium: Deciphering Insurance (Jargon)
7. Comprehensive Vs Collision: Understanding Auto Insurance (Basics)
8. How Does Liability Insurance Protect You? (10 Important Questions Answered)
9. Liability Vs. Comprehensive Auto Insurance: Which One Do You Need?
10. Umbrella Vs. Excess Coverage: Liability Insurance (Decoded)
11. Peril Vs. Hazard: Understanding Home Insurance (Terminology)
12. How Can I Get Comprehensive Car Insurance Coverage? (9 Simple Questions Answered)
13. Stacking Vs. Unstacking: Understanding Insurance (Coverage)
14. How Does Third-Party Insurance Protect You? (9 Simple Questions Answered)
15. Total Loss Vs. Repairable: Auto Insurance Claims (Clarified)
16. Fault Vs. No-Fault: Auto Insurance Claims (Explained)
17. Underinsured Vs. Uninsured: Motorist Coverage (Demystified)

Bodily injury liability coverage

1. Fault Vs. No-Fault: Auto Insurance Claims (Explained)
2. Single Limit Vs. Split Limit: Auto Insurance (Clarified)
3. How Does Collision Insurance Work? (10 Important Questions Answered)
4. How Can I Get Comprehensive Car Insurance Coverage? (9 Simple Questions Answered)
5. First-Party Vs. Third-Party Insurance: Roles (Unveiled)
6. Liability Vs Full Coverage: Car Insurance (Dilemma)

Bodily injury liability limit

1. Liability Vs. Comprehensive Auto Insurance: Which One Do You Need?
2. Stacking Vs. Unstacking: Understanding Insurance (Coverage)

Bodily injury protection

1. Underinsured Vs. Uninsured: Motorist Coverage (Demystified)

Bond funds

1. Universal Vs. Variable Life Insurance: Making Sense (Clear)

Bond market trends

1. Universal Vs. Variable Life Insurance: Making Sense (Clear)

Breach of confidentiality

1. Mediation Vs. Arbitration: Dispute Resolution (Demystified)

Breach of contract

1. Claim Denial Vs. Reservation of Rights: Insurance (Scenarios)
2. What Is Liability Protection Insurance? (9 Simple Questions Answered)
3. Bad Faith Vs. Denial: Insurance Claim (Misconceptions)
4. Claim Dispute Vs. Complaint: Navigating Insurance (Challenges)
5. Claim Vs. Suit: Understanding Legal Implications (Unpacked)
6. How Does Liability Insurance Protect You? (10 Important Questions Answered)
7. What Types Of Insurance To Landlords Need? (10 Important Questions Answered)

Breach of contract claim

1. Bad Faith Vs. Denial: Insurance Claim (Misconceptions)
2. Subrogation Vs. Indemnity: Complex Insurance Terms (Simplified)

Breach of duty

1. Negligence Vs. Liability: Deciphering Insurance (Terms)
2. Indemnity Vs. Subrogation: Insurance Terms (Simplified)

Building code compliance

1. Actual Cash Value Vs. Agreed Value: Insurance (Clarified)

Building materials

1. Peril Vs. Hazard: Understanding Home Insurance (Terminology)

Building rapport

The process of establishing a positive relationship with the other party in a negotiation.

1. Counter-Offer Vs. Rejection: Navigating Negotiation (Strategies)

Bundling policies

Combining multiple insurance policies with the same insurer to receive a discount.

1. Loss Vs. Damage: Insurance Claims (Interpreted)
2. How Can Landlords Ensure They Get the Best Deal on Earthquake Insurance Renewal? (10 Important Questions Answered)
3. Comprehensive Vs Collision: Understanding Auto Insurance (Basics)
4. Homeowners Insurance Vs. Renters Insurance: Which One Do You Need?
5. Liability Vs Full Coverage: Car Insurance (Dilemma)

Burden of proof

1. Claim Vs. Suit: Understanding Legal Implications (Unpacked)
2. Fault Vs. No-Fault: Auto Insurance Claims (Explained)
3. Actual Loss Vs. Constructive Loss: Insurance Claims (Defined)
4. Insurance Defense Vs. Personal Counsel: Legalities (Explained)

Business assets

The property and resources owned by a business.

1. Personal Property Insurance Vs. Business Property Insurance: What’s The Difference?
2. Umbrella Vs Excess Liability: Exploring Insurance (Layers)

Business interruption coverage

1. Actual Cash Value Vs. Agreed Value: Insurance (Clarified)
2. What Is Liability Protection Insurance? (9 Simple Questions Answered)

Business interruption insurance

Insurance coverage that provides compensation for lost income and expenses due to a covered event that interrupts business operations.

1. Actual Cash Value Vs Replacement Cost: Insight (Uncovered)
2. Liability Insurance Vs. Property Insurance: Which One Do You Need More For Your Business?
3. Personal Property Insurance Vs. Business Property Insurance: What’s The Difference?
4. What Types Of Insurance To Landlords Need? (10 Important Questions Answered)

Business interruption losses

1. Compensation Vs. Damages: Insurance Negotiation (Unpacked)
2. What Are The Major Types Of Insurance? (9 Simple Questions Answered)

Business protection

Insurance policies that provide protection for businesses against various risks and liabilities.

1. Umbrella Vs Excess Liability: Exploring Insurance (Layers)
2. Cyber Insurance Vs. General Liability Insurance: Which One Covers Your Business Better?

Business-related losses

1. Peril Vs. Hazard: Understanding Home Insurance (Terminology)

Business use exclusion

A policy exclusion that limits coverage for vehicles used for business purposes.

1. Comprehensive Vs Collision: Understanding Auto Insurance (Basics)