As a real estate professional or a broker involved in the property market, you may be committed to your clients. However, what if you advise your client to invest in a particular property deal that turns out to be wrong? You might be sued by the client. If God forbid, the verdict goes against you, […]
Articles Tagged: Property Insurance
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 […]
What Is Tenant’s Legal Liability Under Office Insurance?
Many businesses rent the premises and assets on the premise to operate the office. In the case of a burglary, fire, or another incident, both assets belonging to the owner of the premise and the tenant, can be damaged. In the case of damage to the owner’s assets (used by the tenant), the liability falls […]
The smart way to manage money: insure your health, wealth and house
Published in Mint, written on 30th March Panellists discussed the roles of health, life, vehicle and home insurance in managing our money box. Participating in the discussion were: Kapil Mehta, co-founder, SecureNow Insurance Broker Pvt. Ltd; K.S. Gopalakrishnan, managing director and chief executive officer, Aegon Life Insurance Co. Ltd; K.V. Dipu, president and head of […]
What happens to the Claim if you buy two separate policies for the same property?
Property owners might be too afraid to lose their valued offices to the natural and man-made risks which have become quite common nowadays. Recent examples include the estimated financial losses ranging from $3 billion to $15 billion in Chennai during the floods in 2015. Building a property again can cost one a fortune, and this […]
What is the Definition of Commercial Property Insurance?
As the term itself says, a commercial property insurance policy helps people in business by covering their commercial property, against a myriad of losses or damages. In most cases, a commercial property insurance policy offers coverage for standard fire & special perils and burglary. As the cases of burglary in business premises are increasing with […]
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. […]
Safeguarding Your Jewellery Store from All Threats?
What happens when your business is to sell the most valuable and precious items that people dream to own all their life? Yes! Here we talk about the Jewellery stores. These ‘worth-a-billion’ shops are the ones that welcome frequent visitors around the year and are popular during festive and wedding seasons in our country. However, […]
Six Factors Deciding Property Insurance Premium Rates
If you are looking for commercial property insurance to ensure your business, the following are the factors that can be deployed to decide premium rates: 1. Geography – With this, the insurer can determine environmental risks which your business can face, like an earthquake, flooding, etc. For instance, if your company is situated near the seashore, […]
Relief for businesses that were at risk of being stripped of property insurance
Published in Livemint. MUMBAI : Industry body General Insurance Council (GIC) has provided much-needed relief to millions of businesses that were at risk of being stripped of property insurance because of the ongoing lockdown by relaxing the terms of a clause in the insurance contracts that the cover will be terminated if a property is […]