How much will accident insurance for my pet cost?

The cost varies based on your pet's breed, age, and health, as well as the level of coverage chosen. Average premiums range from $20 to $50 monthly.

What is third-party insurance?

Third-party insurance provides coverage for damages or injuries caused to another person, vehicle, or property due to the policyholder’s negligence. It does not cover the policyholder’s own losses.

Can I reinstate a lapsed policy?

Yes, insurers often allow reinstatement within a specific period, but you may need to pay overdue premiums and provide medical proof of insurability.

What is finite risk reinsurance?

Finite risk reinsurance is a structured form of risk transfer where the insurer retains more risk while spreading potential losses over time. It often includes financial elements like profit-sharing and investment income.

What is insurance indemnity?

Insurance indemnity is a principle in insurance where the insurer compensates the insured for covered losses, restoring them to their original financial position before the loss.

What expenses are covered under cyber insurance in case of hacking?

Cyber insurance typically covers forensic investigation costs, data recovery, regulatory fines, legal expenses, PR management, customer notification, and business interruption losses. Some policies also include third-party liability coverage if client or partner data is compromised due to a breach. Each policy has limits and exclusions that should be reviewed.

Can I switch my insurance company with Variable Life Insurance?

Generally, you can’t switch to another insurer without cancelling the policy, but you can explore policy exchanges with different insurers if allowed.

What factors influence the amount of liability coverage I need?

Factors include your risk exposure, industry, legal requirements, asset value, potential claim severity, and business or personal liability concerns. Higher risk typically requires higher limits.