Understanding the Link Between Fraud and Rising Medical Insurance Premiums.The escalating cost of medical insurance premiums is a concern that continues to plague many individuals and families. While several factors contribute to this upward trend, two key elements stand out: fraud and high medical claims. Understanding the link between these two factors and rising medical […]
Month: December 2024
Excess Claims Drive Health Insurance Premium Hikes
Understanding the Impact of Excess Claims on Health Insurance Premium Hikes Excess Claims Drive Health Insurance Premium Hikes. The escalating cost of health insurance premiums is a concern that continues to plague many individuals and families across the globe. One of the primary drivers of these increases is the prevalence of excess claims. Understanding the […]
The principle of utmost good faith with example
Understanding the Principle of Utmost Good Faith through Real-Life Scenarios The principle of utmost good faith with example , also known as “uberrimae fidei,” is a fundamental tenet in the world of insurance and contract law. It is a legal doctrine that requires all parties involved in a contract to act honestly and not withhold […]
How to claim flood damage to your car?
Steps to Successfully Claiming Flood Damage for Your Car How to claim flood damage to your car? When you find your car submerged in water due to a flood, it can be a distressing experience. However, it’s important to remember that you can claim flood damage for your car from your insurance company. This process […]
Claim flood damage in Malaysian fire insurance
Understanding Flood Damage Coverage in Malaysian Fire Insurance Policies How to claim flood damage insurance? In Malaysia, the interplay between fire insurance and flood damage coverage is a topic of significant importance, particularly given the country’s susceptibility to monsoonal rains and flash floods. Understanding the nuances of how flood damage is addressed within the framework […]