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Erband & Young Insurance

Insurance, United States, Florida, Orlando

Providing comprehensive insurance solutions for individuals and businesses, Erband & Young Insurance stands out for its personalized service and expert risk management strategies.

About Erband & Young Insurance

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Basics

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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, Florida state
Official Website
http://www.erbandyounginsurance.com
Location Address Official Phone Email
United States of America, Florida state United States, Florida, Orlando **** ****
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FAQs – Erband & Young Insurance

What is a claims adjuster?

A claims adjuster is an insurance company representative who investigates and evaluates claims to determine the extent of the insurer’s liability. They may inspect damages, interview involved parties, and recommend settlement amounts based on their findings.


How much compensation can I receive for lost baggage?

Compensation varies by policy but generally ranges from $500 to $3,000 per traveler. Some policies have per-item limits, and proof of value may be required for expensive belongings.


Is third-party insurance valid internationally?

Third-party insurance validity depends on the policy terms; some insurers provide international coverage, while others require additional coverage for cross-border travel.


How does Insurtech reduce fraud?

Insurtech employs AI, blockchain, and big data to detect fraudulent claims by identifying suspicious patterns. Machine learning models analyze claims history to flag anomalies, while blockchain ensures data integrity, making it harder for fraudsters to manipulate records or submit false claims.


How does facultative reinsurance work?

Facultative reinsurance is negotiated case-by-case for individual policies, allowing the reinsurer to evaluate and decide whether to accept a particular risk.


What role does co-insurance play in indemnity policies?

Co-insurance requires the insured to share a portion of covered losses, often applied when policyholders underinsure their assets.


How much Employer’s Liability Insurance coverage do I need?

The amount depends on the business size, industry risks, and local legal requirements. Most policies offer coverage from $500,000 to several million dollars. Higher-risk industries should consider higher limits to protect against costly lawsuits.


Does private health insurance cover mental health services?

Yes, many private health insurance plans include coverage for mental health services, such as counseling, therapy, and psychiatric care. However, the extent of coverage, the number of sessions covered, and the type of mental health providers included can vary. It is essential to review the policy to understand the scope of mental health coverage and any associated limitations or co-pays.


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