Will pet accident insurance cover my pet’s rehabilitation after an injury?

Many pet accident insurance policies will cover rehabilitation, including physical therapy, if the treatment is deemed necessary for recovery after an accident.

How can policyholders choose the best term insurance policy?

Policyholders should compare coverage amounts, premium costs, renewal and conversion options, insurer ratings, and additional riders to find a policy that best meets their financial needs.

What is the grace period for an insurance policy?

The grace period is the additional time (usually 15 to 30 days) provided after the premium due date before the policy lapses.

How do reinsurance premiums work?

Reinsurance premiums are payments made by primary insurers to reinsurers in exchange for risk coverage. Premiums are determined based on the risk profile, historical claims data, catastrophe modeling, and policy terms.

What are common defenses against subrogation claims?

Common defenses include contributory negligence, lack of liability, contract terms prohibiting subrogation, and expiration of the statute of limitations.

Does cyber insurance cover ransomware payments?

Some policies cover ransom payments if an organization is attacked by ransomware. However, insurers may require the company to consult cybersecurity professionals before paying. Some governments discourage paying ransoms, so businesses must ensure compliance with regulations while working with insurers to determine the best course of action.

How do I select the right investment options in Variable Life Insurance?

Choosing the right investment options depends on your risk tolerance, financial goals, and investment preferences. It’s recommended to consult a financial advisor for guidance.

Does the limit of liability apply per policyholder or per incident?

It depends on the policy terms. Some policies apply the limit per insured person, while others apply it per incident or policy period, regardless of how many insured individuals are involved.