Tag: Property
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The Importance of Subrogation Clause in an Insurance Contract
Subrogation is a legal principle that allows an insurance company to pursue a third party that caused an insurance loss to the insured. This process enables the insurer to recover the amount it has paid out for a claim from the responsible party. The subrogation… Read more
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The Relationship Between Insurance Cover and War
1. War Risk Insurance War risk insurance is a specialized form of coverage designed to protect policyholders from financial losses resulting from events associated with war, including invasions, insurrections, riots, strikes, revolutions, military coups, and terrorism. Standard insurance policies typically exclude these risks due to… Read more
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Natural Hazards
Natural hazards are events or processes that occur in the natural environment and pose a threat to human life, property, and infrastructure. Read more
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Types of Flood Insurance
In the context of insurance, flood and water damage refer to the destruction or loss caused by water-related incidents. Read more
