- How does Insurance Work?
- Insurance Companies are fond of using small prints on their policies and when there is a claim they deny ?
- Would you accept instalments?
- Can I have one policy document for all my insurances?
- What do I need to do when I have a claim?
- What is excess?
Answer 1 :
It is a pool of fund whereby the insuring public contribute to the pool and the unfortunate ones are compensated from the fund
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Answer 2 :
The insured is expected to examine the policy and the memoranda [called the print] and if not in order same to be returned
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Answer 3 :
Yes
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Answer 4 :
Yes. A package policy will be issued
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Answer 5 :
Report immediately to any of our branch offices and get the necessary claim substantiating documents.
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Answer 6 :
It is an amount the insured is to bear on each and every claim.
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