Will pet insurance cover cancer treatments?

Yes, many pet insurance plans cover cancer treatments, including chemotherapy, radiation, surgery, and medications. Some policies may have limits on specific treatments or lifetime caps, so reviewing the policy’s fine print is essential to ensure adequate coverage for long-term care.

Who should consider Universal Life Insurance?

Universal Life Insurance is ideal for individuals seeking flexible coverage, long-term financial planning, and potential cash value growth. It suits those who want investment-linked life insurance but understand the risks and costs involved.

How does insurable interest impact auto insurance policies?

A person must have an insurable interest in a vehicle, such as ownership or financial liability, to insure it and receive compensation for damages or losses.

How do insurers try to combat adverse selection?

Insurers combat adverse selection by using measures like health screenings, mandatory insurance coverage (e.g., through government policies), and setting higher premiums for high-risk individuals to make insurance less attractive to those most likely to file claims.

How can one verify if an insurer is IRDAI-registered?

Consumers can check the official IRDAI website for a list of licensed insurers, agents, and intermediaries to avoid fraud and ensure they are dealing with authorized insurance providers.

Does professional liability insurance cover employee mistakes?

Yes, it typically covers mistakes made by employees while performing professional duties, as long as they are working within their scope of employment.

Does Medicaid cover dental and vision care?

Medicaid covers dental and vision care for children under the Early and Periodic Screening, Diagnostic, and Treatment (EPSDT) benefit. For adults, coverage varies by state; some offer emergency dental care, routine check-ups, or vision services like eye exams and glasses.

Can a No-Claim Bonus be transferred if I change the vehicle insured under my policy?

Yes, if you change vehicles under the same motor insurance policy, the No-Claim Bonus can generally be transferred, provided the policy is renewed with the same insurer and the policyholder remains claim-free.