Introduction

Welcome to Karola Insurance Brokerage. These Terms and Conditions govern the insurance services provided by Karola Insurance Brokerage. By obtaining an insurance policy through us, you agree to comply with these terms. Please read this document carefully, as it outlines your rights and responsibilities, as well as our obligations.

Policy Conditions

1. Cancellation

• Policies may be canceled by the policyholder or the insurer as outlined in the specific policy agreement.
• Cancellation requests by the policyholder must be submitted in writing to Karola Insurance Brokerage at the address provided above.
• The insurer reserves the right to cancel the policy if conditions specified in the policy agreement are breached. Notice of cancellation will be provided in compliance with state regulations.

2. Claims Reporting

• All claims must be reported promptly to Karola Insurance Brokerage via phone, fax, or email.
• Claims should include accurate and complete information regarding the incident, including documentation required by the insurer.
• Failure to report claims within the specified timeframe outlined in your policy may result in denial of the claim.

3. Representation

• Policyholders are required to provide truthful and complete information during the application process. Misrepresentation or omission of material facts may void coverage or result in denial of claims.

4. Settlement of Claims

• Claims will be assessed and settled according to the terms and conditions specified in your insurance policy.
• Settlement may include repair, replacement, or monetary compensation, as determined by the insurer.
• Any disputes over settlement amounts will be handled as per the dispute resolution process outlined in the policy agreement.

5. Severability

• If any provision of these Terms and Conditions is deemed invalid or unenforceable, the remaining provisions shall remain in full force and effect.

6. Subrogation

• Upon settlement of a claim, the insurer reserves the right to pursue recovery of costs from a third party responsible for the loss or damage. Policyholders must cooperate with the insurer in any subrogation efforts.

General Provisions

Confidentiality

Karola Insurance Brokerage is committed to protecting your personal and policy information in accordance with applicable laws.

Changes to Terms and Conditions

These Terms and Conditions may be updated periodically. Policyholders will be notified of any significant changes.

Governing Law

These Terms and Conditions shall be governed by the laws of the State of New York. Any disputes arising under these terms shall be subject to the jurisdiction of the courts in New York.

Contact Us

For any questions or clarifications regarding these Terms and Conditions, please contact us:
Address: 45-62 Bell Blvd, Bayside, NY 11361
Phone: (516) 704-7442
Fax: (516) 784-4712
Email:

info@karolainsurancebrokerage.com