Why should you opt for Commercial Insurance brokers’ Services? Insurance is the best way of getting protection against the hazard of unforeseen financial losses. It does not eliminate the risk, but it can somehow make up for losses incurred. Through the payment of premiums, one can transfer the expenses of major damage from the person […]
Articles Tagged: Commercial Insurance
The need to build deeper insurance distribution landscape
Published in Mint on 14 October 2015, Written by Kapil Mehta Last weekend, I was in Varanasi for a short break. Sailing down the Ganges by the ghats we were transported into a different world. The cycle of birth, life and death were vividly portrayed in a half-hour boat ride. I find it hard, however, […]
Fire Insurance Policy- A Savior during Fire Damage
The start neither the eventual consequence of a fire can be predicted or known; because of which it is difficult to be prepared before hand for a fire or its consequences; and the only thing a person can do is to get protected to a certain limit by getting financial protection before hand through an […]
Commercial Insurance Quotes and its Importance
Commercial Insurance Policies Those who have the appetite for taking risks are the ones who are successful business owners. While risk taking can improve your business propositions, it doesn’t hurt to be a little cautious. There are various commercial insurance plans and their importance is significant. Take up commercial insurance plans to protect your venture […]
SecureNow places a Solar Module Performance Warranty Insurance In India
Delhi, December 17, 2017: SecureNow Insurance Broker (SecureNow) in collaboration with a leading general insurance company has issued a first-of-its-kind Solar Module Performance Warranty (SMPW) Insurance in India. The said product is an added measure of protection for the panel warranties which a panel manufacturer (OEM) with the help of an insurer offers to its […]
What is earthquake extension clause in fire insurance?
A fire insurance policy covers the loss or damage caused to the property due to fire. A standard policy provides the insured, the coverage against the perils as mentioned in his policy documents. Some of the perils are fire, lightning, aircraft damage, storm, typhoon, hurricane, etc. So let’s know what is earthquake extension clause is […]
What is Escalation Clause in Fire Insurance?
An escalation clause in fire insurance contract allows for an increase in the sum insured to cover any unexpected costs. The unexpected costs can be a resultant to fluctuations in the market, like inflation increase the price of items, for instance. While it is necessary to have comprehensive fire insurance to get coverage against losses […]
Are losses arising out of theft and burglary covered under the Standard Fire and Special Perils policy?
If a loss arises out of theft and burglary, the standard fire and special insurance policy usually exclude it, unless stated otherwise. Usually, most fire insurance companies think that burglary, theft, or housebreaking are not linked with fire accidents. And therefore, the insurer prefers to deny any claim which arises out of theft and burglary […]
What is Excess Policy in Fire Insurance?
The purpose of a fire insurance policy is to offer you financial coverage in case of loss or damage due to fire and related perils. At the time of taking a fire insurance policy, you would have to compute the price of the items which you want to cover. However, the prices of these items […]
What is the average clause in fire insurance?
A fire insurance policy has an average clause mentioned in it which takes care of the cases of under-insurance. If insured the assets in the fire insurance policy, for less than their full value, the insured requires to bear a proportion of the loss according to the average clause mentioned in the policy document. Since […]