Insurance companies typically do not cover punitive damages awarded in legal cases. Punitive damages are intended to punish the defendant for particularly egregious or intentional wrongdoing and are not considered compensatory in nature. As a result, most insurance policies exclude coverage for punitive damages, as they are not considered to be a form of liability … Read more
, it is not clear what will be the ratio between the number of new and renewed insurances. If the new insurances outdo the renewed ones, it means that the number of new clients is growing, which is good for the business. But if the number of renewed insurances outstrips the new ones, it means … Read more
Insurance coverage for plagiocephaly helmets can vary depending on the insurance provider and plan. It’s important to check your policy or contact your insurance company to determine if plagiocephaly helmets are covered under your plan. Typically, insurance may cover the helmet if it is deemed medically necessary to treat or prevent plagiocephaly, which is a … Read more
Cat U affects insurance as it determines the severity of a vehicle’s damage. Vehicles classified as Cat U have minor to medium damage that can be repaired, but their value may be reduced. Insurers use Cat U ratings to assess the cost of repairs and determine if the vehicle is a total loss. Cat U … Read more
The presence of cats in a household can impact insurance premiums in certain situations. Insurance companies may consider cats as potential risks to property and liability, as they can scratch furniture, cause allergies, or even bite or scratch guests. While having a cat generally doesn’t significantly increase home insurance rates, it’s important to disclose pet … Read more
Above Ground Water Damage Insurance is a type of insurance that covers damages to your home and belongings caused by water that enters through the roof or other parts of the building above the ground. This type of coverage can be a valuable addition to your homeowners insurance policy if you live in an area … Read more
To succeed against an insurance adjuster, preparation and assertiveness are essential. Gather all relevant documentation, including the insurance policy and any communication with the adjuster. Clearly state your claims and provide evidence to support them. Be patient and persistent, as adjusters may initially offer low settlements. Counter their arguments with facts and reason, using specific … Read more
Having a cat can affect your insurance rates in a few ways. For liability insurance, which covers damages you cause to others, a cat is generally considered a low-risk animal. This means that having a cat will likely not significantly increase your rates. However, if your cat causes damage to someone else’s property, your insurance … Read more
Facultative reinsurance is a type of reinsurance where the reinsurer agrees to cover a specific portion of a particular risk, such as a single property or event. It is non-proportional, meaning that the reinsurer’s liability is not directly linked to the policyholder’s premium. The reinsurer has the option to accept or decline coverage for each … Read more
To protect individuals in case of accidents, third-party insurance for bikes is a legal requirement in various regions. This insurance provides coverage for injuries or damages caused to others and their property. While it may not be mandatory to opt for a five-year policy, doing so offers several advantages. It provides continuous protection over an … Read more