So it’s time to move out from your old neighborhood and start a new life in a new home in another town. Many people having stress related to this event, problems in adjusting yourself with new neighbors, new office, new schools for your kids, and even the process of moving itself can be so stressful. (more…)
Archive for the ‘Property Insurance’ Category
A Glance At Title Insurance
Posted by admin on December 30th, 2009
Title insurance might not sounds so familiar for some people compared to auto, life, or homeowners insurance. Actually it’s a very close relative to homeowners insurance or other kinds of property insurance. (more…)
Homeowners Insurance For Your New Home
Posted by admin on December 13th, 2009
Homeowners insurance is one of the most important things to take care of when you move into a new home. You should make sure if you get the right amount and coverage. Even when you move into another house in the same neighborhood with your old house, there are so many things that could affect the amount and coverage of your homeowners insurance that could make it different than your old policy. (more…)
Making Home Insurance Claim
Posted by admin on August 20th, 2009
Making an insurance claim for the first time could be very confusing especially for the type of insurance that has a low possibility of filing claims like home insurance. This could be hard for those who don’t have experience in filing claims before, or for the policy holders who handle their own insurance directly to the insurance company without any help from insurance broker or adviser. Actually it’s not a very hard thing to do, here is what you have to do when something bad like accident or natural disaster happens to your home : (more…)
Property Insurance for Renters
Posted by admin on July 25th, 2009
If you live in a rental house or in an apartment, don’t feel secure just because your landlord have already insured the building you’re living in. Usually landlords only insure their property, that means they only protect the building and it doesn’t include your belongings or anything inside the building. It make sense because if they insure the building and everything in it they would have to pay a lot more money for the policy especially for apartment owners. So what if your home got robbed, burned or any other loss causes that might happened, how do you protect your belongings? or maybe there’s a guess experienced an acccident inside your apartment and then press charges against you?
There’s something called renters insurance that you can use to protect you from all those risks. This kind of policy will protect you as if you owned a home, it includes :
• Personal Property Protection
Covers the loss or damage of your stuff
• Family Liability Protection
Provides legal representation and protection against judgments
• Guest Medical Protection
Covers medical costs for visitors injured at your home
• Additional Living Expenses
Reimbursement for costs of temporary housing during reconstruction
Coverage Choices:
• Replacement Coverage – Allows you to receive the full purchase price of lost items
• High Value Item Coverage – Extends protection beyond your basic policy limits
What about protection against flood ? well, usually a renters policy doesn’t cover floods, but you can ask the insurance company the possibility for you to have a national flood insurance policy.
Jewellery Insurance
Posted by admin on July 20th, 2009
Jeweleries are valuable things and for some items it could have a very high sentimental value for some people like engagement ring, jeweleries also can be assets for your future and that’s why you should keep them safe and to make sure why not protect them with insurance ?
some people already feel safe to protect their belongings including jewelery through property/home insurance which is including protection against theft for valuable things inside the house. But if you have lots of valuable jeweleries you will need more protections than just protection against theft.
In purchasing additional insurance for your valuable jeweleries be sure that you have a full understanding about the coverage, here are the questions you must ask your insurance agent to make sure that you have a good cover for your jeweleries :
- Is there a deductible and how much is it ? what can affects the raising or lowering the deductible of your policy ?
- Do you need an appraisal before you obtain the insurance policy? is the insurance company only take reports from certain types of appraisers?
- are the items covered in any place the loss happens ? will it covers you during domestic or international trip ? (in case you don’t have a travel insurance)
- Will you get a full replacement cost ? would you have to replace the items or you can get a cash settlement instead?
- is it covers the repairmen of damaged jeweleries (not only total loss) ?
If I may suggest, The Chubb Group is one of the jewelery specified insurance company that offers a good protection, here I give you example of chubb’s engagement ring policy guidelines :
- Full coverage according to the amount shown on the policy
- No deductible
- Coverage applies for the loss happens anywhere / worldwide
- Chubb only offers a cash settlement. If you replace the ring, you select the jeweler.
- An appraisal is needed, but the appraisal requires only for items valued over $50.000
Property Insurance
Posted by admin on May 2nd, 2009
Property Insurance basically protects properties such as houses, factories, office buildings, schools, etc. one thing about this kind of insurance is that it’s very detail and specific on its protections, this is because properties are usually have extremely high value. The rate determined by how many risk types will be covered, for example earthquake, fire, landslide, volcano eruption, flood, tsunami & storm are risk types, and each of them represents a certain rate, so the more risk types you wish to protect your property from the more expensive the rate will be.
Before the insurance policy is made usually the insurance company will have a visit to your property to make a price taxation, see the condition of the building and also calculating the potential risk that might happen on the location of your property.
