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Keystone Insurance Group, Inc.

Insurance, United States, Pennsylvania, Erie

Keystone Insurance Group, Inc. provides comprehensive insurance solutions with a personalized touch, ensuring peace of mind for individuals and businesses alike.

About Keystone Insurance Group, Inc.

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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, Pennsylvania state
Official Website
http://www.keystone-ins.com
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FAQs – Keystone Insurance Group, Inc.

How is indemnity calculated?

Indemnity is calculated based on the actual financial loss suffered, determined by factors such as market value, depreciation, repair costs, and policy terms. The insurer ensures that the payout does not exceed the insured’s pre-loss financial position.


How are insurance premiums calculated?

Premiums are calculated based on factors like age, health, coverage amount, policy type, risk profile, location, and insurer-specific underwriting guidelines.


How does the FCA ensure insurance firms handle claims fairly?

The FCA enforces rules requiring insurers to process claims efficiently, communicate clearly, and avoid unfair delays or denials. It reviews complaints, investigates claims handling practices, and can impose penalties for unethical behavior.


Is Professional Liability Insurance required by law?

It’s not always required by law, but certain industries, like healthcare or law, may have regulatory or licensing requirements that mandate having Professional Liability Insurance.


How does whole life insurance work?

The policyholder pays fixed premiums, part of which goes toward coverage while the rest accumulates as cash value over time.


Does Medicare have an out-of-pocket maximum?

Original Medicare (Parts A & B) does not have an out-of-pocket maximum, meaning there’s no upper limit on costs. However, Medicare Advantage (Part C) plans have an out-of-pocket maximum, protecting enrollees from excessive costs.


What is an irrevocable beneficiary?

An irrevocable beneficiary is one whose rights to receive benefits cannot be changed or removed without their written consent, ensuring they are guaranteed to receive the designated payout.


How did Lloyd’s of London originate?

It began in the late 1600s at Edward Lloyd’s coffee house in London, where shipowners and merchants sought marine insurance.


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