Logo
I

Insurance Solutions & Services, Inc.

Insurance, USA, New Jersey, Trenton

Providing comprehensive insurance solutions with personalized service and expert risk management to protect your assets and ensure peace of mind.

About Insurance Solutions & Services, Inc.

-

Basics

Type
-
Founded
-
Total Employees
-
Employees on Linkedin
-
Employees on OWCareers
-
Main Office
United States of America, New Jersey state
Official Website
http://www.issi-nj.com
LinkedIn https://linkedin.com/company/**** Get In Touch With Decision Makers
Facebook https://facebook.com/**** Get In Touch With Decision Makers
Instagram https://instagram.com/**** Get In Touch With Decision Makers
X (Twitter) https://x.com/**** Get In Touch With Decision Makers
YouTube https://youtube.com/**** Get In Touch With Decision Makers

FAQs – Insurance Solutions & Services, Inc.

How does insurable interest work in business insurance?

Businesses can have insurable interest in key employees, business partners, or assets. For example, a company can purchase "key person insurance" on an executive whose loss would financially impact the business, or partners in a business can insure each other to protect against the financial consequences of a partner’s death.


How much of my income does long-term disability insurance replace?

Most policies replace 50% to 70% of your pre-disability earnings. The exact percentage depends on your policy’s terms and whether you have employer-sponsored or individual coverage.


Can I convert my universal life insurance policy to another type of policy?

Some insurers may allow conversions, but this depends on the policy terms. A financial advisor can help explore options for adjusting coverage.


What is an umbrella liability policy, and how does it relate to the limit of liability?

An umbrella policy provides additional liability coverage beyond the standard policy’s limit. If a claim exceeds the primary insurance limit, the umbrella policy kicks in to cover the excess amount, up to its own limit, offering broader protection against major claims.


Why do insurers use ACV instead of paying full replacement costs?

Insurers use ACV to reflect the true financial loss of an item rather than overcompensating for aging and depreciation. This helps manage claim costs and keeps premiums more affordable.


Does the NAIC regulate health insurance?

The NAIC provides guidance on health insurance regulations, but states primarily oversee health plans, pricing, and market conduct.


Does cyber insurance cover regulatory fines due to ransomware breaches?

Some policies provide coverage for regulatory fines and penalties arising from data breaches, but only if permitted by law. Insurers may also cover legal defense costs associated with regulatory investigations.


How do HMOs control healthcare costs?

HMOs manage costs through provider networks, requiring referrals, negotiating lower rates, and emphasizing preventive care to reduce expensive emergency and specialist visits.


Comprehensive Market Research

Get in-depth market research for Insurance companies in USA, New Jersey, Trenton. Our experts analyze trends, gather valuable insights, and identify key opportunities to drive your business growth.