Homeowners Insurance: When Do You File a Claim

| September 20, 2018

article image
Homeowners insurance is designed to cover damage to your property caused by certain covered events. It stands to reason, as you are paying your premiums, you should take advantage of the available coverage. The reality is, it is not always advisable to file a homeowners insurance claim as it can lead to higher premiums or even cancellation in some cases. Underwriters tend to frown on policyholders who make more than the average number of claims.

Spotlight

CRESCENT STAR INSURANCE LIMITED

The Crescent Start Insurance Company Limited is a registered insurer with the Securities & Exchange Commission of Pakistan. The company is also listed on Karachi and Lahore Stock Exchange. It is also a member of Insurance Association of Pakistan.

OTHER ARTICLES

How chatbots are driving insurtech

Article | March 10, 2020

The first chatbot, called ELIZA, was built in 1966 by MIT professor Joseph Weizenbaum. It used a pattern matching system to simulate a human conversation and gave a series of scripted responses designed to have it play the role of a therapist. Today, chatbot technology is a vital part of the way that companies across a myriad of sectors interact with their customers, with applications covering everything from content delivery to conversational ecommerce. By 2025, the global chatbot market is expected to reach $1.25bn.

Read More

3 MODERNIZATION OPTIONS FOR INSURERS

Article | March 10, 2020

The global outbreak of coronavirus has exposed an unpleasant truth: many insurers are stuck with legacy systems that prevent them from offering seamless digital experiences to their customers and/or employees. Even more damaging, they can’t lower operating costs at a time when claims are climbing, and margins are disappearing. This isn’t a momentary problem. As bleak as things seem at the moment, one day this crisis will be over…and property & casualty (P&C) providers will still seek to modernize to remain competitive. Reconciling this seemingly contradictory mission – how can an insurer reduce operating costs while providing a better experience?

Read More

Do I Need Professional Liability or E&O Insurance in Massachusetts?

Article | March 10, 2020

In a nutshell, Errors and Omissions (E&O) insurance is a professional liability insurance policy created to protect professionals, employers, and employees from claims of inadequate work or negligence. Here in Massachusetts, it’s a useful policy for professionals who work with contracts, finances, investments, and other risks.

Read More

5 Things Contractors Can Do About Insurance During Covid-19

Article | March 10, 2020

With the major impact of the COVID-19 outbreak, contractors appreciate the need for insurance coverage even more. You may be safely covered by Force Majeure and pandemic clauses in your policies. However, you may still be wondering how to deal with the associated costs related to the COVID-19 outbreak risks. In this article, let’s look at some of the steps you can take to handle your insurance position during the pandemic.

Read More

Spotlight

CRESCENT STAR INSURANCE LIMITED

The Crescent Start Insurance Company Limited is a registered insurer with the Securities & Exchange Commission of Pakistan. The company is also listed on Karachi and Lahore Stock Exchange. It is also a member of Insurance Association of Pakistan.

Events