What should I do if my indemnity claim is denied?

If your indemnity claim is denied, first review the policy terms and the denial reason. You may appeal the decision by providing additional documentation or clarifying any misunderstandings. If necessary, consider seeking legal advice or filing a complaint with your insurance regulator.

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Can I choose where I am evacuated to?

Typically, the insurer decides the evacuation location based on medical necessity, ensuring you receive appropriate treatment, which may not always be in your home country.

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Are there waiting periods for coverage to begin?

Some public health insurance programs have waiting periods, especially for non-emergency services or specific treatments. However, emergency care is typically covered immediately. In some countries, new immigrants or residents must wait a certain period before becoming eligible for public coverage.

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Is liability insurance mandatory?

Liability insurance is often legally required. For example, auto liability insurance is mandatory in most states, and businesses may be required to carry general liability insurance. Homeowners may also need liability coverage for mortgage approval.

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What role do digital twins play in insurance?

Digital twins simulate real-world assets (e.g., buildings, cars, machinery) to analyze risks, predict failures, and enhance underwriting precision for better policy pricing.

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What is a reinsurance treaty?

A reinsurance treaty is a contract between an insurer and a reinsurer that outlines the terms of the risk-sharing agreement. It applies to a portfolio of policies and remains in effect for a specified period, providing ongoing risk coverage for multiple policies.

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What risks are covered under marine cargo insurance?

Covered risks typically include fire, explosion, theft, vessel sinking, rough handling, accidents, piracy, jettison, and natural disasters like storms or earthquakes. Exclusions apply depending on the policy.

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Are there annual out-of-pocket maximums in PPO plans?

Yes, PPO plans typically include an out-of-pocket maximum, which caps the amount you need to pay in a given year for covered healthcare services.

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