How does medical evacuation work under travel insurance?

If a traveler suffers a serious medical emergency, the insurer arranges and pays for transportation to the nearest suitable medical facility. If necessary, the insurer may also coordinate repatriation to the traveler’s home country for further treatment.

What is an elimination period in disability insurance?

An elimination period is the waiting time before disability benefits begin, typically 30 to 180 days, depending on the policy terms and level of coverage chosen.

What documents are needed to transfer NCB to a new insurer?

You need an NCB certificate from the previous insurer, policy details, and proof of claim-free history for successful transfer.

Is AI able to make decisions without human involvement in underwriting and claims processing?

While AI can automate many aspects of underwriting and claims processing, human oversight is still necessary for complex cases, ensuring fairness and addressing situations AI may not handle perfectly.

What is the difference between the FCA and the PRA in insurance regulation?

The FCA focuses on consumer protection and conduct, while the Prudential Regulation Authority (PRA) ensures insurers maintain financial stability and risk management.

Are legal defense costs included in marine liability insurance?

Yes, marine liability insurance typically covers legal defense costs, including lawyer fees, court expenses, and settlements. Policies ensure financial protection for insured parties in case of lawsuits or liability disputes.

Can I lose Medicaid coverage?

Yes, you can lose coverage if your income increases beyond the eligibility limit, you fail to renew on time, or your household situation changes. States periodically review eligibility to ensure continued qualification.

What are common types of perils covered by insurance?

Common covered perils include fire, lightning, windstorms, hail, explosions, theft, vandalism, and certain types of water damage, depending on the policy.