Personal Insurance

Recent Answers

2013-06-17 Property & Casualty Insurance - General Insurance coverage in event of a Earthquake.:

Good day Prashant;    Again, I'm not familiar with insurance coverage in India. However, I would assume the principals and concepts are similar to our coverage here in the US. Here in the US, the market

2013-06-17 Property & Casualty Insurance - General Insurance coverage in event of a Earthquake.:

Hey Prashant,    I'm having a hard time following because of the currency.  That said, most property policies in the US are written on a replacement cost basis...there is no depreciation because of age

2013-06-15 Auto Insurance Claims - liability car insurance:

Hi Christopher,    If you have Comprehensive coverage on your vehicle, then you are covered for fire. In that case your insurance company will determine if the damage is repairable and if so will pay to

2013-06-14 Property & Casualty Insurance - General Insurance coverage in event of a Earthquake.:

Prashant:    The property value or market value at the time of loss has nothing to do with what the insurance company will pay you for your loss.  Your insurance coverage is based on how much it would

2013-06-14 Property & Casualty Insurance - General Insurance coverage in event of a Earthquake.:

Prashant,    Projecting out 5 years in the future would require that there was an automatic increase in policy limits that took place each year with a corresponding increase in premium each year.     If