Can I choose my deductible amount?

Yes, in most cases, policyholders can choose their deductible amount when purchasing an insurance policy. A higher deductible typically results in lower monthly or annual premiums, while a lower deductible means higher premium costs. It is important to select a deductible amount that aligns with your financial situation and risk tolerance.

What is the future of AI?

AI will continue evolving with advancements in machine learning, robotics, and automation. It will shape industries, enhance human capabilities, and pose ethical challenges, requiring responsible development and use.

What is the difference between a fixed and variable premium?

Fixed premiums remain constant over time, while variable premiums fluctuate based on risk assessments, policy changes, or insurer adjustments.

Is emergency care covered under pet accident insurance?

Yes, emergency care for accidents like car accidents or sudden injuries are typically covered under pet accident insurance.

What is a level-term policy?

A level-term policy maintains a consistent premium and death benefit throughout the policy duration, offering predictable costs and stable protection for beneficiaries.

Does pet insurance cover hereditary conditions?

Some pet insurance policies exclude hereditary conditions, while others may offer limited coverage for them, depending on the terms.

What are the benefits of reinsurance for insurers?

Reinsurance helps insurers manage risk exposure, reduce financial volatility, increase underwriting capacity, comply with regulatory requirements, and protect against catastrophic losses. It also allows for competitive pricing and business expansion.

What is the difference between subrogation and indemnification?

Subrogation allows an insurer to recover payments from a third party, while indemnification ensures compensation for losses without necessarily pursuing recovery.