How do I file a third-party insurance claim?

The affected party must submit a claim to the at-fault driver's insurer with evidence such as accident reports, repair estimates, and medical bills. The insurer investigates and provides compensation if the claim is valid.

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What are the key benefits of facultative reinsurance?

Key benefits include flexibility in risk selection, customized reinsurance solutions, financial protection against large claims, and the ability to insure risks that exceed the ceding insurer’s capacity.

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How secure is on-demand insurance?

On-demand insurance is as secure as traditional insurance, with providers adhering to industry standards for data protection, fraud prevention, and regulatory compliance to ensure consumer safety.

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Does a creditor have insurable interest in a debtor’s life?

Yes, a creditor has insurable interest in a debtor’s life to the extent of the outstanding loan or financial obligation. If the debtor dies, the creditor may suffer financial loss, justifying a life insurance policy to cover the risk of unpaid debts.

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Are adventure sports injuries covered for emergency evacuation?

Some policies exclude high-risk activities like scuba diving, skiing, or mountaineering, but you can purchase adventure sports coverage as an add-on for evacuation benefits.

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What should I do if my public health insurance claim is denied?

If a claim is denied, individuals can appeal the decision through the appropriate government agency. This often involves submitting additional documentation or requesting a review. Legal aid or patient advocacy groups can assist with the appeal process to ensure fair evaluation and reconsideration.

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What is the difference between occurrence-based and claims-made liability insurance?

Occurrence-based policies cover incidents that happen during the policy period, regardless of when the claim is filed. Claims-made policies only cover claims filed while the policy is active, even if the incident occurred earlier.

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Can ACV coverage be upgraded to RCV?

Many insurers offer policy upgrades to Replacement Cost coverage, which requires paying a higher premium but ensures full replacement without depreciation.

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