Can I get private health insurance if I have a pre-existing condition?

Many insurers now offer coverage for pre-existing conditions, but premiums may be higher. Some policies impose waiting periods before covering treatments for such conditions. Laws in some countries, such as the Affordable Care Act in the U.S., prevent insurers from denying coverage based on health history.

What causes an insurance policy to lapse?

The primary reason for a lapse is non-payment of premiums. Other reasons include policyholder oversight, financial difficulties, or intentional discontinuation. If the policyholder does not take action within the grace period, the policy is terminated.

What does "due diligence" mean in a regulatory context?

Due diligence is the process of investigating and reviewing relevant information to ensure compliance with regulations and to assess potential risks, often performed before entering into contracts or transactions.

What are the most reliable home insurance companies?

Some of the most reliable home insurance companies in the U.S. include State Farm, Amica Mutual, USAA, Chubb, and Nationwide. These insurers are known for strong financial backing, good claim resolution processes, and comprehensive coverage options for homeowners and renters.

How does ransomware coverage work in a cyber insurance policy?

If a ransomware attack encrypts your data, your policy may cover ransom payments (if legal), forensic investigations, IT services, and business interruption costs needed to restore operations.

What are the advantages of an HMO plan?

HMOs typically have lower premiums, predictable costs, and comprehensive preventive care, making them affordable for individuals and families.

Can I get reimbursed for medical expenses before paying the provider?

Some insurers allow direct payment to medical providers, but reimbursement usually occurs after the insured pays the provider. It depends on the policy terms and agreements between the insurer and medical facility. Check with your insurer for direct billing options.

Who is responsible for handling claim adjustments?

Insurance adjusters, either company-employed or independent, handle claim adjustments by assessing damages, gathering evidence, consulting experts, and negotiating settlements with policyholders based on policy terms.