Claim ‘Loading’

Insurance seekers can modify the premium rates paid by them each year. However, it is subject to certain terms and conditions and the insurance seeker can increase the premium rates only under these specific conditions. This increase is called ‘loading.’ Moreover, a particular loading structure needs to be maintained while hiking premium rates. The most important point to remember here is to read all related aspects of loading while getting insurance. Also, clarify any doubt you have pertaining to loading from your agent.