A fire insurance policy plays a crucial role by protecting the policyholder against various losses or damages which may arise due to fire. Along with the perils/expenses which are covered, there are certain coverages available that a policyholder can enjoy at inception or during the tenure of the policy. However, the policyholder would require paying […]
Articles Tagged: Property Insurance
How to file a claim under Fire Insurance?
In the event of a fire accident, it is important to intimate the damage to a surveyor immediately which will help you minimize the loss and to start the procedure of filing a claim. The entire process is mentioned below: Provide a detailed account of all the properties damaged and the estimated amount Provide any […]
What is the Scope of Fire Insurance Policy?
Fire insurance plays an imperative role by shielding you against various types of losses or damages which may arise due to fire. Moreover, a fire insurance policy can be purchased by both households and business owners. Here we are talking about fire insurance policies available along with office insurance policies for people in business. However, […]
Tips to Buy the Right Fire Insurance Policy
Undeniably, fire insurance plays an imperative role by covering your losses or damages that may arise due to fire. It is strongly recommended to buy a fire insurance policy to cover your business and here are some of the tips which will help you choose the right policy- 1. Buy the right coverage– When it […]
What is not covered under Burglary Insurance bought as a Property Insurance?
It takes years of effort for creating assets, however, one theft or any other loss/damage can cripple you financially. Burglary insurance is the right policy to keep your property safe and gets peace of mind. It covers losses or damages to property due to burglary and housebreaking. Though burglary insurance is meant to offer comprehensive […]
Property Insurance: Just Expenditure or a Necessity?
In any case, property insurance is not an expenditure but a necessity that you should consider if you want to protect your property from both natural and man-made calamities like floods, storms, theft, burglar, etc. Given that property involves a huge investment, considering property insurance just as an expenditure is a mistake. Common sense says […]
What is Contribution in Fire Insurance?
The principle of contribution in Fire Insurance policy was born out of the principle of indemnity in general insurance policies. It applies when multiple policies cover: The same property & The same peril In such a case, the total payable claim for the loss is proportionately divided among all the insurers based on their Contribution […]
Insurance for all reasons
Published in hindustantimes on Jun 25, 2019. The purpose of an insurance cover is to protect you financially against unforeseen events. Here’s a look at insurance covers other than health and life which can come handy. Most of you may be familiar with health insurance and life insurance policies. But did you know you can get insurance cover […]
Importance of Fire Insurance Policy for Home, Office & Factory Owners
Fire insurance is one such policy in which an individual agrees to pay a certain sum of money to the insurer in exchange to get benefits for the fire losses. The importance of Fire Insurance for Home Owners & Businesses cannot be downplayed. A fire insurance policy offers comprehensive security for stocks, business buildings, homes, […]
Five Mistakes That Businesses Make While Buying Commercial Property Insurance
So, you are looking for commercial property insurance to insure the building your business owns or leases along with the commercial property. But do you know, what are those mistakes you should avoid at the time of buying commercial property insurance? Keep reading and ask yourself, “Am I committing any of these?” 1. Covering only […]