Does homeowners insurance cover theft outside the home?

Yes, most policies extend coverage to stolen personal belongings even when they are outside your home, such as in your car, at a hotel, or in storage. However, coverage limits may apply, so checking your policy terms and considering additional coverage for high-value items is recommended.

Can a policyholder transfer ownership of an insurance policy?

Yes, in some cases, a policyholder can transfer ownership to another person or entity through an assignment process. This is common in business-owned life insurance policies or when policies are used as collateral for loans.

What is an insurance claim?

An insurance claim is a formal request made by a policyholder to an insurance company for payment or coverage of a covered loss, damage, or medical expense.

How does blockchain impact intellectual property rights?

Blockchain helps protect intellectual property by timestamping creations, proving ownership, and ensuring transparent royalty payments. Artists, musicians, and content creators use blockchain-based NFTs (non-fungible tokens) and digital rights management to prevent piracy and monetize their work effectively.

Does a higher deductible lower my insurance premium?

Yes, choosing a higher deductible typically lowers your premium because you agree to pay more out-of-pocket before the insurer covers the rest, reducing the company's financial risk.

What is earthquake homeowners insurance?

Earthquake homeowners insurance provides coverage for damages caused by earthquakes, typically covering the structure of the home, personal property, and living expenses during repairs.

Can NRIs purchase term insurance in India?

Yes, Non-Resident Indians (NRIs) can purchase term insurance in India, provided they meet the insurer’s eligibility criteria. The application process may involve additional documentation, medical tests, and adherence to FEMA (Foreign Exchange Management Act) guidelines. Premiums can be paid in INR from an NRE/NRO account.

How do exclusions affect life insurance claims?

Life insurance exclusions typically include death by suicide (within the contestability period), death from hazardous activities, fraud, war-related deaths, or deaths resulting from illegal or high-risk activities.