1 principle: utmost good faith binding insured and insurer. The principle of utmost good faith, also known as “uberrimae fidei,” requires both the insurer and the insured to act honestly and disclose all relevant information when entering into an insurance contract. Here’s a true-to-life example in the context of general fire insurance: Example: Scenario: John […]
Month: October 2024
Does Travel Insurance Cover Earthquakes and Tsunami?
Does Travel Insurance Cover Earthquakes and Tsunami? Does Travel Insurance Cover Earthquakes and Tsunami? 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 […]
Understand tour bus liability and travel insurance
We need to 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 […]
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 […]