What is the impact of blockchain on cybersecurity?

Blockchain enhances cybersecurity by decentralizing data, making it difficult for hackers to compromise a single point of failure. It provides tamper-proof records, improves identity management, and prevents data breaches through cryptographic encryption, multi-signature authentication, and immutable transaction histories.

Can I lower my insurance premium?

Yes, you can lower your premium by increasing your deductible, maintaining a good credit score, bundling policies, avoiding claims, and qualifying for discounts such as safe driver or non-smoker discounts.

Are detached structures covered under flood insurance?

Detached garages are usually covered, but other detached structures may require additional coverage depending on the flood insurance policy terms.

What happens if I miss a premium payment?

If you miss a premium payment, most insurers offer a grace period (usually 30 days) within which you can pay the premium to keep the policy active. If the premium is not paid within this period, the policy will lapse, and the coverage will be terminated. Some insurers allow reinstatement of lapsed policies within a specific period, subject to terms and conditions.

What are common exclusions in homeowners insurance?

Common exclusions in homeowners insurance include earthquakes, floods, mold, normal wear and tear, pest infestations, intentional damage, neglect, war, nuclear hazards, and ordinance or law-related expenses.

Does UBI offer discounts for new or young drivers?

Yes, since young drivers often face higher premiums, UBI can help them earn discounts based on responsible driving habits.

Are there any exclusions under indemnity insurance?

Yes, indemnity insurance policies usually contain exclusions that prevent coverage for certain types of losses. These exclusions can include fraud, intentional damage, or losses related to war or natural disasters, depending on the policy.

Does baggage loss coverage apply to international travel?

Yes, baggage loss coverage applies to both domestic and international travel, though compensation amounts and claim processes may vary by country and insurer.