How to decide the sum insured under a fire insurance policy?

The most important aspect of a fire insurance policy is the sum insured. The sum insured under a fire insurance policy should ideally represent the market value of the property/asset. If insured more than one property in the policy, should provide and divide values for each block into: Stocks, Buildings Plant and Machinery, furniture, or […]

Read More

SecureNow makes the shortlist for the Claims Awards Asia-Pacific 2017 – the only Insurance Broker from India to make the list

SecureNow was shortlisted for the Claims Awards Asia-Pacific 2017 on Monday, September 11, 2017. SecureNow, top insurance company in India, was nominated in the Claims Innovation of the Year award for having taken technology driven initiatives in this sphere which have simplified processes. It is the only Insurance Broker from India to have made the […]

Read More

What are the Utilities in Fire Insurance?

The purpose of a fire insurance policy is to shield you from various losses or damages which can arise after a fire accident. In this case, if you would have a fire insurance policy, you can approach the fire insurer who would settle your claim and thus, curtail your financial expenses to a great extent. […]

Read More

What will be the cost of a fire insurance policy?

Cost of a Fire Insurance Policy Fire Insurance is the perfect protection plan for your offices, home, and any other workplace. It protects your building, assets, furniture, and fixtures against a series of perils. Claims can settle under this policy either on a market value basis or on a reinstatement value basis. So, what will […]

Read More

What is local authority clause in fire insurance?

A local authority clause in the fire insurance policy extends to cover the additional cost of reinstatement of the destroyed or damaged property that has been insured accordingly. This clause comes into effect when such an additional cost incurs. Due to the necessity to comply with the authority regulations. Such regulations can relate to the […]

Read More