Does homeowners liability insurance cover defamation or slander lawsuits?

Some policies include personal injury liability coverage, which may protect against defamation, slander, or libel lawsuits. However, not all policies include this, so check with your insurer to see if you’re covered or if you need additional coverage.

Why does my health insurance premium change each year?

Health insurance premiums can change due to medical inflation, changes in coverage, claims history, and regulatory adjustments. Insurers may increase rates to cover rising healthcare costs or policyholder risk factors.

How does an adjuster determine the settlement amount?

The adjuster considers repair estimates, depreciation, market values, policy limits, and any applicable deductibles when determining a fair settlement amount.

How does Big Data help insurers reduce operational costs?

By automating tasks like claims processing, underwriting, and fraud detection, insurers reduce administrative costs and improve efficiency. AI-powered chatbots handle customer queries, predictive analytics minimize losses, and streamlined workflows enhance productivity, ultimately lowering expenses while improving service quality.

What is a zero-deductible insurance policy?

A zero-deductible policy means the insurance provider covers claims without requiring you to pay anything upfront. These policies often come with higher monthly or annual premiums.

Does renters insurance cover theft?

Yes, renters insurance covers theft of personal belongings inside and outside the home, including stolen items from your car or a hotel room.

Is third-party insurance valid for commercial vehicles?

Yes, commercial vehicle owners must have third-party insurance to cover damages or injuries caused to others. However, additional business-related coverage may be necessary depending on usage.

How is the premium for facultative reinsurance determined?

The reinsurance premium is based on factors such as the policyholder’s risk profile, coverage limits, historical loss data, and the reinsurer’s pricing model for the specific type of risk.