Does trip cancellation insurance cover COVID-19-related cancellations?

Some policies cover COVID-19 cancellations if you contract the virus before departure and can provide proof. However, many exclude cancellations due to general COVID-19 fears or travel restrictions unless CFAR coverage is included. Always check policy specifics before purchasing.

How does underwriting handle claims history?

Underwriters carefully review an applicant’s claims history to determine the likelihood of future claims. A history of frequent or severe claims may result in higher premiums or denial of coverage due to the increased risk.

How does a deductible relate to liability limits?

A deductible is the out-of-pocket amount the policyholder pays before the insurer covers claims, but it does not increase liability limits.

How can I maximize my ACV insurance payout?

Keep records such as purchase receipts, maintenance logs, and photographs of insured items. Regularly update appraisals and provide insurers with comparable market data to support a higher ACV valuation in case of a claim.

How do international insurance laws protect policyholders?

Laws ensure fair treatment, require transparent policies, establish dispute resolution mechanisms, and impose financial stability requirements on insurers.

Does Marine Cargo Insurance cover acts of war and piracy?

Standard policies typically exclude war and piracy risks. However, businesses can purchase additional coverage for war, strikes, riots, and piracy to protect their shipments in high-risk regions where such threats are prevalent.

Can I change my primary care physician (PCP) in an HMO?

Yes, most HMO plans allow you to change your PCP at any time by contacting your insurance provider or updating your preferences through their online portal.

How much discount can I get with the No-Claim Bonus?

The discount usually ranges from 20% to 50%, depending on how many claim-free years you have. Some insurers offer higher discounts for longer claim-free periods.