Can I get homeowners insurance if I have a home-based business?

A standard policy may provide limited or no coverage for business-related activities. You may need an endorsement or a separate business insurance policy to cover equipment, inventory, and liability risks.

How long does it take to receive a reimbursement?

Processing times vary by insurer and claim type but typically range from a few days to several weeks, depending on claim complexity and required documentation.

Can I dispute the payout amount for my claim?

Yes, if you disagree with the payout, you can appeal the decision, provide more documentation, or negotiate with the insurer for a higher settlement.

Is usage-based insurance safe from cyber threats?

Insurers implement cybersecurity measures to protect telematics data, but any digital system is potentially vulnerable. It’s important to choose insurers with strong data protection policies and encryption protocols to safeguard personal driving information.

Can I lower my deductible after purchasing a policy?

Some insurers allow deductible adjustments at renewal, but mid-term changes usually require underwriting approval and may affect premium costs.

Can I purchase emergency evacuation coverage separately?

Yes, standalone emergency evacuation insurance is available through specialized providers. While many comprehensive travel insurance plans include it, some travelers opt for standalone coverage, especially if their primary health insurance provides limited international medical evacuation benefits.

Can third-party insurance cover medical expenses?

Yes, third-party insurance can cover the medical expenses of the third party if you cause injury to someone else. This includes hospital bills, surgeries, and treatment costs incurred due to the accident that was your fault.

Do policyholders need to pay for guaranty fund protection?

No, policyholders do not pay directly for guaranty fund protection. The funding comes from assessments on solvent insurers, which may factor costs into premiums.