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The Insurance Store

Insurance, United States, California, Los Angeles

The Insurance Store provides comprehensive insurance solutions with personalized service, ensuring peace of mind and financial protection for individuals and businesses.

About The Insurance Store

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Basics

Type
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Founded
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Total Employees
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Employees on Linkedin
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Employees on OWCareers
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Main Office
United States of America, California state
Official Website
http://www.tisteam.com
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FAQs – The Insurance Store

Can a policyholder reinstate a lapsed policy?

Yes, many insurance companies allow for the reinstatement of a lapsed policy, but the process typically requires the policyholder to pay any overdue premiums, potentially with interest. Reinstatement may also require proof of insurability and could be subject to additional fees or underwriting.


What are catastrophe bonds?

Catastrophe bonds (CAT bonds) are financial instruments that allow insurers to transfer extreme event risks to investors, who receive returns unless a specified disaster triggers payouts.


What is the difference between insurable interest and beneficiary designation?

Insurable interest determines policy validity, while a beneficiary designation identifies who will receive the insurance payout upon a claim.


What types of data breaches are covered under cyber insurance?

Most cyber insurance policies cover breaches involving personally identifiable information (PII), financial records, credit card details, health information, and trade secrets. Coverage typically includes hacking, phishing attacks, insider threats, ransomware, and accidental data exposure.


Are there waiting times for treatment under public health insurance?

In some countries with public health insurance, there may be waiting times for non-emergency services or specialist treatments. This varies based on demand, healthcare system structure, and available resources.


What role does reinsurance play in regulatory compliance?

Many jurisdictions require insurers to maintain adequate reinsurance to ensure they can meet claim obligations and maintain solvency.


Can I track the status of my insurance claim?

Yes, most insurers provide claim tracking options via their website, mobile app, or customer service hotline. You can check the status, view pending requirements, and receive updates on the claim settlement process in real-time.


What are some leading global reinsurance companies?

Major reinsurance companies include Munich Re, Swiss Re, Hannover Re, SCOR, and Berkshire Hathaway Reinsurance, providing risk coverage worldwide.


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