Can I use collision insurance if I crash into a fence?

Yes, collision insurance can cover the cost of repairing your car if you crash into a fence, as long as the damage is caused by the collision and not covered by another part of your policy.

---

Can I add coverage for excluded perils?

Yes, many insurers offer endorsements or riders to add coverage for excluded perils, such as earthquake or sewer backup coverage, for an additional premium.

---

What is a public insurance adjuster?

A public adjuster is hired by policyholders to represent their interests, assess damages, and negotiate a fair settlement with insurers.

---

How does AI influence decision-making in business?

AI enhances decision-making in business by providing data-driven insights, automating routine processes, and offering predictive analytics. AI tools can process large volumes of data quickly, identify trends, and recommend optimal business strategies, allowing companies to make more informed decisions, improve efficiency, and gain competitive advantages.

---

Why do insurance companies use treaty reinsurance?

Insurers use treaty reinsurance to manage risk exposure, stabilize financial performance, increase underwriting capacity, and protect against catastrophic losses.

---

How do I claim medical expenses under travel insurance?

To file a claim, notify your insurer immediately, obtain medical reports, receipts, and proof of payment, and submit a claim form with required documentation. Some insurers offer direct billing with hospitals, while others require you to pay first and get reimbursed.

---

Is the sum assured the same as the death benefit?

The sum assured forms the base of the death benefit, but the actual payout may include bonuses, riders, or other policy benefits. If the policy has additional components, the final death benefit can exceed the sum assured.

---

Can endorsements change the deductible on an insurance policy?

Yes, some endorsements can alter the deductible, either increasing or decreasing the amount the policyholder must pay before coverage kicks in.

---