When should you notify a claim?
All insurance policies require prompt notification of claims. Why is that? Insurance is a transference of risk. In exchange for payment (called premium), the insurer
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Why are there exclusions in insurance policies?
An insurance contract involves the transfer of a risk (a fortuity) in exchange for money (called premium). The insurer becomes obligated to pay or indemnify
What is a costs inclusive excess?
Most professional indemnity policies and a range of other liability policies have a costs inclusive excess. That means that you must contribute your excess not