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Accretive Insurance Agency

Insurance, United States, California, Los Angeles

Accretive Insurance Agency provides comprehensive insurance solutions for businesses and individuals, with a focus on personalized service and tailored coverage options.

About Accretive Insurance Agency

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Basics

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Founded
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Total Employees
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Main Office
United States of America, California state
Official Website
http://www.accretive-ins.com
Location Address Official Phone Email
United States of America, California state 123 Main Street, Suite 100, Los Angeles, CA, USA **** ****
LinkedIn https://linkedin.com/company/**** Get In Touch With Decision Makers
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Instagram https://instagram.com/**** Get In Touch With Decision Makers
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FAQs – Accretive Insurance Agency

What ethical standards does the SOA uphold?

The SOA enforces a strict Code of Professional Conduct, requiring members to act with integrity, provide competent services, disclose conflicts of interest, and adhere to actuarial standards of practice to protect public trust.


Can crop insurance cover all types of crops?

While crop insurance is available for many types of crops, not all crops are automatically covered. Policies tend to focus on major crops such as corn, wheat, and soybeans, though specialized coverage for other crops like fruits, vegetables, and specialty grains may also be available.


Does business property insurance cover liability claims?

No, standard property insurance does not cover liability claims. You need general liability insurance to protect against lawsuits related to bodily injury, property damage to others, or advertising-related claims.


What is the difference between company action level (CAL) and regulatory action level (RAL) in RBC?

CAL is the threshold at which an insurer must take corrective actions to improve capital levels. RAL is a more severe stage where regulators step in to enforce corrective measures, such as restricting operations or requiring capital infusions.


What does "named perils" coverage mean?

Named perils coverage only protects against specific risks explicitly listed in the policy, such as fire, theft, vandalism, or natural disasters like windstorms or hail.


What is a Co-Payment?

A co-payment is the percentage of the claim amount that the policyholder must pay, while the insurance company covers the remaining balance. This arrangement is common in health insurance, where the insured pays a portion of the medical costs, typically after a deductible is met.


Do riders increase my insurance premium?

Yes, adding riders typically increases your insurance premium because they provide additional coverage that extends beyond the basic terms of your policy.


What is emergency medical evacuation in travel insurance?

Emergency medical evacuation covers transport to the nearest adequate medical facility or repatriation home if treatment isn’t available locally.


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