Coverage and Exclusions Travel insurance typically covers a range of risks, including earthquakes and high-altitude sickness. For instance, if an earthquake strikes while you’re travelling, your policy may cover medical expenses, trip cancellation, and emergency evacuation However, it’s crucial to check the specific terms, as some policies exclude coverage for natural disasters in high-risk areas. High-altitude illness Travel insurance often includes medical expenses and emergency evacuation if you fall ill during a mountain climbing expedition. For example, if you experience severe symptoms while climbing the Himalayas, […]
Understand tour bus liability and travel insurance
Understand tour bus liability and travel insurance. There are vast differences between the types of insurance. Let’s break down the differential between tour bus liability and travel insurance. **Tour Bus Liability:** – **Coverage Scope**: Specifically covers incidents that occur on the tour bus. – **Primary Focus**: Protects the tour company against claims resulting from […]
Householders protect homes with peace of mind
Householders protect homes with peace of mind Householders protect homes with peace of mind in today’s world, we should protect our homes with peace of mind by having a householder policy. Safeguarding our homes is more important than ever. Yet, many homeowners overlook the crucial step of getting householder insurance. Recent surveys reveal a startling […]
Alert! utmost goodfaith binding 2 parties
Alert! utmost goodfaith binding 2 parties In the bustling town of Kluang, Mr. Tan, a diligent and ambitious businessman, decided to expand his ventures by purchasing three shop lots from a reputable housing developer. To finance this significant investment, he approached a local bank for a loan. The bank, recognizing the potential in Mr. Tan’s […]
Why the hack of buying Life Insurance at a young age?
Why the hack of buying life Insurance at a young age? Let’s go more in-depth with real-life examples and illustrations of why buying life insurance early is important. Here’s a detailed explanation with examples that may resonate: ### 1. **Health Advantages: Lower Premiums When You’re Young** When you’re young and healthy, insurance companies see […]
How to underwrite luxury rosewood coffins?
Luxury Rosewood Coffins: Is Spending Millions on a Burial Worth It? **The Prized Rosewood Coffin: A Tale of Luxury, Art, and Risk** In my 23 years of navigating the world of general insurance, I’ve seen my fair share of unusual cargo. But none were quite as remarkable as the day I was called to insure […]
Underwriter uses old git for transporter
underwriter using outdated git for transporter In the dynamic world of marine insurance, transporters face many challenges that require strategic foresight and practical solutions. From managing sensitive product information to navigating complex insurance claims, marine underwriters play a pivotal role in safeguarding goods in transit. This blog delves into some pressing issues faced by marine […]
How do I claim home impact damage by a vehicle?
Beware 1 setback of Mortgage Reducing Term Assurance
Beware 1 setback of Mortgage Reducing Term Assurance One alternative to mortgage-reducing term assurance (MRTA) is mortgage-level term assurance (MLTA). MLTA is a whole life insurance policy that provides coverage for the full duration of the mortgage term. Unlike MRTA, the coverage amount remains constant throughout the policy term, which may provide more financial security […]
Do you need cashless admission medical insurance?
Do you need cashless admission medical insurance? Have you ever had to rush to an ATM in the middle of the night because someone needed medical attention? Have you asked for money from friends or family? You even used up all the credit card limitations, yet the private hospital does not allow your family to […]