Liability vs Indemnity Though, liability is a word that is used both in terms of individual as well as company level to describe what is owed to others, it is also used prominently in the insurance field. Here, it is used to describe the amount of money a person owes to another person or party […]
Difference Between Umbrella and Excess
Umbrella vs Excess | Umbrella Insurance Policy vs Excess Insurance Policy If you ask any gentleman difference between these two terms he may laugh at you seeing the words. But this is because the word liability has not been suffixed to them. Umbrella liability and excess liability are actually terms of insurance policies that provide […]
Difference Between Life Assurance and Life Insurance
Life Assurance vs Life Insurance Life assurance and life insurance are made to protect each individual against any incident that can happen. The insurer pays a certain or fixed amount either yearly or monthly. This is a good investment. You will never know what can happen, and it would be best to be prepared. Life […]
Difference Between FDIC and NCUA Insurance
FDIC vs NCUA Insurance FDIC and NCUA are insurers of the deposits in banks or credit unions. When it comes to keeping your money safely for banking purposes, people have a choice of either banks or credit unions. What people look for is convenience, interest rates and of course customer services. What never gets talked […]
Difference Between CAPEX and OPEX
CAPEX vs OPEX | Capital Expenditure and Operational Expenditure CAPEX and OPEX are terms that are encountered quite often in business valuation. What is the true worth of a business and how does the value of a business change over time are measured in terms of Capital Expenditures (CAPEX) and Operating Expenditures (OPEX). It has been […]
Difference Between Third Party Insurance and Comprehensive Insurance
Third Party Insurance vs Comprehensive Insurance Third party insurance and comprehensive insurance are two options available for owners who want to insure their automobiles. Owning a new car is a delightful experience and a car is a thing of pride for the owners. Getting it insured is a necessity, as you don’t want to be […]
Difference Between Insurance and Assurance
Insurance vs Assurance Insurance and Assurance sounding similar; the words insurance and Assurance are commonly used by companies selling financial products. The two terms Insurance and Assurance are very confusing in financial world. When it comes to choosing financial products from insurance companies to safeguard interests of a person or an object, many companies prefer […]
Difference Between Insurance agent and Broker
Insurance agent vs Broker Insurance is a subject matter of solicitation. If you are looking for an insurance policy for your business, you need right advice and information. Normally this responsibility is fulfilled by a person who is either an insurance agent or a broker. You are not concerned with the terminology as long as […]
Difference between Whole Life Insurance and Term Life Insurance
Whole Life Insurance vs Term Life Insurance It is important to know the difference between whole life insurance and term life insurance policies. One thing is for sure. Insurance has got so much to do with the word ‘term’. You prefer to take a policy or an insurance plan for a particular period of time, […]
Difference Between Mortgage Protection and Mortgage Insurance
Mortgage Protection vs Mortgage Insurance Even though the two terms sound similar and have similarities in the name, there is a big difference between lenders’ mortgage insurance and mortgage protection insurance. While lender’s mortgage insurance is designed to protect the bank, mortgage protection insurance protects the borrower and the home. Mortgage Protection Insurance Borrower (you) […]