Does my credit card provide emergency evacuation coverage?

Some premium credit cards offer emergency evacuation benefits, but coverage limits and conditions may be restrictive. It’s best to verify with your card provider and consider additional travel insurance for comprehensive protection.

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Are waiting periods the same for all policies within an insurer?

No, different policies within the same insurer can have varying waiting periods based on coverage type, risk assessment, and policyholder eligibility.

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Do insurers offer NCB for electric vehicles (EVs)?

Yes, many insurers offer NCB on EV insurance policies, similar to conventional vehicles, rewarding claim-free policyholders.

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Does AI reduce human error in underwriting and claims processing?

Yes, AI reduces human error by automating repetitive tasks, analyzing data more efficiently, and providing consistent decision-making based on data. This helps avoid mistakes that can occur due to fatigue or bias in manual processing.

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How does the FCA ensure insurers treat vulnerable customers fairly?

The FCA requires insurers to provide additional support, clear communication, and fair treatment for vulnerable customers, such as those with disabilities or financial difficulties.

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What should businesses consider when purchasing marine liability insurance?

Businesses should assess risk exposure, policy limits, exclusions, insurer reputation, claims handling process, and any industry-specific requirements. Consulting an experienced marine insurance broker can help in selecting the right coverage.

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Does Medicaid cover prescription medications?

Yes, Medicaid covers prescription drugs, but coverage varies by state. Some medications may require prior authorization, and copays may apply, though they are typically low or waived for certain groups.

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How do insurers classify perils in an insurance policy?

Insurers classify perils as insured, excluded, or limited, depending on policy terms, and may require additional coverage for specific risks like floods or earthquakes.

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