Accidental Policies:
Some policies cover only accidents and not
illness. As you might suspect, policies like this are very
specific about what is considered an accident. It is extremely
important to understand what the insurance company
defines as an accident.
Generally, an accident to the health insurance industry is
considered as unforeseen and unintended. Remember that
when discussing accidents in any policy that includes an
accidental provision, it is important to define what an
accident is a not just accident specific policy.
2) Scrutinizing:
The insurance company scrutinizes the information
provided in proposal form (e.g) age of customer, his medical
report and birth certificate etc. if the insurance is of a car the
insurance company can demand the necessary documents
like registration book etc to confirm the insurable interest
3) Acceptance:
If the insurance company is satisfied with the
information and documents provided by the customer, it
accepts the proposal of insurance. The customer pays the
first installment of insurance premium to make the contract
of insurance valid.
4) Issuance of policy:
After receiving the insurance premium form the
insured, the insurance company issues the insurance policy
to the customers.
AC
CIDENTAL INSURANCE OF VEHICLES:
Vehicles insuring are the act of the
insuring your Vehicles from damages, accidents, and hijacks,
in the result of influence of different risks. In order to insure
your car, you have to receive Vehicles accident insurance.
According to your Vehicles accident insurance, you insure
your Vehicles from the following cases: road traffic accident,
fire, spontaneous combustion, disaster, illegal action of third
person (at this point car jack is also included). The whole list
of cases, which your Vehicles accident insurance covers, you
can find in your Vehicles accident insurance treaty.
Crop insurance:
Farmers use crop insurance to reduce or
manage various risks associated with growing crops. Such
risks include crop loss or damage caused by weather, hail,
drought, frost damage, insects, or disease, for instance.
Eart
hquake insurance:
Is a form of property insurance that pays
the policyholder in the event of an earthquake that causes
damage to the property. Most ordinary homeowner’s
insurance policies do not cover earthquake damage. Most
earthquake insurance policies feature a high deductible.
Rates depend on location and the probability of an
earthquake, as well as the construction of the home.
Fl
ood insurance:
It protects against property loss due to flooding.. In response
to this, the federal government created the National Flood
Insurance Program which serves as the insurer of last resort.
Ho
me insurance:
It also commonly called hazard insurance or homeowners
insurance (often abbreviated in the real estate industry as
HOI), is the type of property insurance that covers private
homes.
Lan
dlord insurance:
It covers residential and commercial properties, which are
rented to others. Most homeowner's insurance covers only
owner-occupied homes.
Nat
ural disaster insurance:
It covers specified expenses after a natural disaster renders
the policyholder's home uninhabitable. Periodic payments
are made directly to the insured until the home is rebuilt or a
specified time period has elapsed.
Terr
orism insurance:
It provides protection against any loss or damage caused by
terrorist activities.
Volc
ano insurance:
It is an insurance that covers volcano damage.
Windstorm insurance:
It is insurance covering the damage that can be caused by
hurricanes and tropical cyclones.
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