When it comes to insurance coverage, every industry and business has specific needs. The universal industry-specific approach does not always work for every business. Industry-specific insurance helps businesses tailor their risk management programs to the unique threats that could jeopardize their operations. In this blog, we will discuss the scope of educational institutions insurance– schools, […]
Articles Tagged: Property Insurance
5 Different Types of Property Insurance in India
Property insurance is an essential investment for every homeowner and for businesses as it offers protection against unforeseen incidents such as thefts, fire, and natural or man-made disasters. It is crucial to ensure that your property is protected in case of damages caused by such incidents. However, many property owners tend to overlook this critical […]
What has delayed completion coverage or delay in start-up (DSU) in property insurance?
Construction projects face various challenges due to labour shortages, adverse weather effects, equipment damage, project conflicts, etc. This could lead to delays resulting in huge financial losses to construction companies. Delayed completion or DSU cover in property insurance provides financial security in such situations, aiding against potential losses. Delayed completion coverage in property insurance safeguards […]
Importance of Machinery Breakdown Insurance (MBD) and its coverage under property insurance?
The smooth functioning of machinery and equipment is one of the major aspects of a successful business. and The breakdown of machinery and physical damage to equipment can disrupt the business operation completely and the lost productivity can pose a huge loss. However, in a big-scale business like manufacturing, such eventualities are unavoidable despite regular […]
Select the right insurer for Hospital Property & Medical lab Equipment
In a country like India, with 50+ insurance companies when it comes to buying a property insurance, it is about trusting an insurer with your hard-earned money. Choosing a right policy for your hospital can be a challenging task, given the multiplicity of products available in the market. Buying an hospital property insurance policy is […]
What is the Loss of Rent Cover Under Property Insurance?
Loss of rent coverage under a property insurance policy covers you for damages caused by an insured event, like a fire or severe weather. It doesn’t cover you for periods of rental voids, though many landlords might think it would. If you want to claim under this section of your policy, make sure you have […]
What is the importance of obtaining NOC from the fire department in processing an insurance claim?
A fire is not only physically and financially damaging, but can be traumatic for those involved. As fires are unexpected, it’s important to know how to deal with them if they occur. The aftermath is stressful. So, it’s of utmost importance to obtain the fire NOC document from the Fire department for quick settlement of […]
How Does an All-Risk Home Insurance Policy Work?
Owning a home is a crucial milestone in most of our lives. We thorough our financial plans and often save for our dream house. However, imagine a frustrating situation to spend your money and time replacing the ageing roof only to have a large maple tree in your backyard cause damage to it during the […]
Which Insurance you should take for protection during monsoon?
With monsoon on the dock, it is that time of the year when we encounter flood, humidity, and damage to our assets. Slips and falls whilst on our bikes become more common. Of course, one can not rule out the runny nose, malaria, dengue, other mosquito-led diseases, and other water-borne illnesses. There are many risks […]
What insurance covers should an RWA or Apartments owners association take?
When you buy a new house, you already have so much paperwork that you need to do. With the enthusiasm of moving into your new abode comes the challenge of understanding the nuances of the maintenance of the common property; especially if you are in an apartment. As a first step, you need to acquaint […]