That depends on the employer and the employer's insurance policy.
The 72-hour clause in an engineering insurance policy can be considered both an advantage and a disadvantage. On one hand, it allows the insured to make a claim within 72 hours of discovering any loss or damage, ensuring prompt coverage for immediate concerns. On the other hand, it imposes a strict time limit, which may be challenging for the insured to meet in situations with complex or latent damages that take longer to identify. Ultimately, the suitability of the 72-hour clause will depend on the specific circumstances and needs of the insured party.
The policy was only incepted at 8am so it will only cover you from 8am onwards, you would have been classed as an uninsured driver at 2am! INsurance companies wont pay out on claims which happen hours before you start a policy with them!!
They can retain policy fees, these fees usually cover the monies they had to pay for staffing at the time your application was generated. In order to cancel your policy seems simple to you, but it is an procedure to the insurance carrier.
Auto Insurance Savings provides sales 24 hours a day, 7 days a week. They work one on one with Geico so if you have any questions you may call Geico and have your policy reviewed. Auto Insurance Savings also provides policy service and claims service.
Fabian
Insurance policies may be categorized into 2 sectors:- Life Insurance and General Insurance. In life insurance, claims arise during maturity and death, when the Insurance Cos are to make payment. In General insurance falls medical insurance, fire & burglary, Professional indemnity,car insurance, Householders policy,shop keepers policy and so on. In medical insurance, when a person is hospitalized for treatment of illness/disease and stay for minimum 24 hours, either he can avail cash less system or claim under reimbursement. In the rest policies, when a fire or burglary occurs or so on, the claim has to be established with proper documentation supported by surveyor's report for consideration of the claim by Insurance Company, where they are policy bound to make payment.
Commercial auto insurance cover damages, or situations as a type of blanket insurance, covering employees who use company vehicles to perform their duties. Much like other types of insurance, there is a monthly, or annual rate that must be paid to maintain the policy. You can choose a policy to cover everyone in your employ at all times, or specifically business hours, or specifically those certified to drive company vehicles.
It means 72 hours not business hours ;)
any loss of or damage to the property described in the schedule arising during any one period of 72 consecutive hours, caused by flood, storm, tempest, water damage, subsidence, collapse or earthquake shall be deemed as a single event and, therefore, to constitute one occurrence with regard to the sum insured and deductible(s)
The duration of The Year Without a Santa Claus is 2880.0 seconds.
Some companies will charge you a 10% fee for early cancellation, I would check with them for clarification.