Does indemnity insurance have exclusions?

Yes, indemnity insurance policies typically have exclusions. Common exclusions include intentional acts, fraudulent claims, criminal activities, pre-existing conditions, and contractual penalties. It is essential for policyholders to review their policy documents to understand what is and isn’t covered.

How much does short-term disability insurance pay?

Benefits typically replace 50% to 70% of your pre-disability income, up to a specified maximum amount. The exact payout depends on your policy and employer coverage, if applicable.

Can I appeal an underwriting decision if my insurance application is declined?

Yes, if your application is declined, you may be able to appeal the decision. Some insurers allow applicants to provide additional information or clarifications that could change the underwriting outcome.

What are the exclusions in liability insurance?

Common exclusions in liability insurance include intentional harm, contractual liabilities, damages to your own property, and certain professional services without specialized coverage (e.g., errors & omissions insurance).

What is embedded insurance, and why is it growing?

Embedded insurance integrates coverage seamlessly into other products and services, such as travel booking platforms or e-commerce purchases, making insurance more accessible and convenient for consumers.

How do international insurance laws handle natural disasters and catastrophes?

Countries may require insurers to maintain catastrophe reserves, participate in risk-sharing pools, or provide mandatory disaster coverage.

What is the claims process for cyber insurance after a hacking incident?

After a cyberattack, businesses must notify the insurer, provide evidence of the breach, and document financial losses. The insurer may conduct an investigation and provide reimbursement based on policy terms, coverage limits, and exclusions.

Can I switch from private to public health insurance?

Switching from private to public health insurance is possible in some cases, such as if you lose private coverage, become eligible for public programs (e.g., due to income changes), or move to a country with public health insurance.