Insurance
Primary vs. Secondary Insurance: Which Plan Pays First?
Having two health insurance plans does not mean you can choose which one pays first—or that both plans together will cover every dollar of…
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Insurance
Clear U.S. insurance guides covering auto, health, home, renters, landlord, life and general protection, including costs, deductibles, exclusions and claims.
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Insurance
Coinsurance vs. Copay: What Will You Actually Pay?
Coinsurance and copays are two ways a health insurance plan can divide the cost of covered care between you and the insurer. A copay,…
Insurance
Admitted vs. Non Admitted Insurance: Coverage, Risks, and Protection
The difference between admitted and non-admitted insurance is primarily the insurer's licensing status in the state where the risk is located—not whether the company…
Insurance
Loss Payee vs Additional Insured: Who Gets Coverage or Claim Money?
A lender financing business equipment and a landlord hiring a contractor may both ask to be listed on an insurance policy. Their requests can…
Homeowners Insurance
Mortgage Insurance vs Homeowners Insurance: What’s the Difference?
Mortgage insurance and homeowners insurance may both appear among your homebuying expenses, but they provide completely different forms of protection. The main difference between…
Homeowners Insurance
Home Warranty vs Home Insurance: What’s Covered and Do You Need Both?
A home warranty and home insurance protect against different financial risks. A home warranty is generally an optional service contract that may pay to…
Insurance
Term Life Insurance vs. Accidental Death Insurance: Which Is Better?
Term life insurance and accidental death insurance can both pay money to beneficiaries after an insured person dies, but they are not interchangeable. The…
Homeowners Insurance
Condo Insurance vs Homeowners Insurance: Key Coverage Differences
Protect the property you own—without paying for coverage that belongs to the condo association. The main difference between condo insurance and homeowners insurance is…
Insurance
Named Insured vs. Additional Insured: Key Differences Explained
The named insured is usually the person or business identified in the policy declarations and given the policy’s primary rights and responsibilities. An additional…
Homeowners Insurance
Hazard Insurance vs. Homeowners Insurance: Are They the Same?
The main difference between hazard insurance vs homeowners insurance is scope. Hazard insurance generally refers to the part of property insurance that protects a…
Homeowners Insurance
HO2 vs. HO3 Insurance: Coverage Differences Explained
The main difference between HO-2 and HO-3 homeowners insurance is how they cover the house itself. An HO-2 policy generally covers both the dwelling…
Homeowners Insurance
Open Peril vs Named Peril: What’s the Difference?
When comparing homeowners insurance policies, you may encounter two important terms: open peril and named peril. These terms determine which causes of property damage…