Having an antique car can be a hobby or a unique way to make an investment. If we know how to treat such car, it could worth a lot more than its original price. But taking care of an antique car takes a good skill, a lot of hard work, and lots of money. If you think you have succeeded bringing your car to its golden era, all you have to do is to protect it with an insurance. (more…)
Posts Tagged ‘assets’
Business Insurance
Posted by admin on September 10th, 2009
A good business man is the one who knows how to run his business well and how to manage his risks, small or big risks. There are so many scenarios that could cause bad impact to a business like criminal activities, health and safety breaches, employee negligence, and many more. The impact could cause the business from losing profits to bankruptcy, and during the time of global recession like today the risks seem to be bigger and bigger. (more…)
Body Part Insurance
Posted by admin on August 23rd, 2009
Some people might find that this is an uncommon type of insurance. Body part insurance only gives cover to some particular selected limbs. body part insurance is commonly associated with celebrities and this is true that so many celebrities buy body part insurance to give protection to their limbs such as nose, legs, eyes or even some bizarre parts of their bodies like mustache, chess hair and even smile. (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…)
Money Insurance
Posted by admin on August 2nd, 2009
In a business, especially small ones, you’re not always make transaction through bank transfer or with a cheque, sometimes you also need cash to make a business transaction. so, sometimes you must keep a large amount of money in your safe at your business place or maybe at home. Or maybe you are the owner of a grocery store that opens 24 hours which is very vulnerable for a robbery, or perhaps you are just a person who likes to keep a large amount of money at home for some purposes (many people do this). The problem is nothing can really guarantee the safety of the money in all of those places, that’s why you need to make a safety plan. (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
Valuable Asset Insurance For Business Owner
Posted by admin on July 13th, 2009
For those who own a business, this type of insurance is very useful to protect their assets & revenue-generating capacity. Many businessmen have felt the benefit and the feeling of secure by using this type of insurance. Here are some protections that are given by the insurance to a business owner:
Building and Contents
There are two ways to protect your building / property, through property insurance and asset insurance. It covers the building and everything inside including contents and stock of your business against fire or natural disasters such as earthquake, lightning, storms, including explosion.
Burglary
Protects your business assets against burglary or thievery, this is very useful especially for those who don’t have a security officer to watch over the building.
Business Interruption or lost of profits
This is one of the most important cover that a businessman should have. It covers the business on going if the business is interrupted through insured perils such as fire or other things insured. It ensures your on going expenses are met and anticipated net profit is maintained through a provision of cash flow.
Fidelity Guarantee
It covers your business from the loss caused by a misappropriation of your employee who embezzle or steal
Machinery Breakdown
Covers your business from the damage of mechanical and electrical plant and machinery at the work site.
Valuable Assets Insurance
Posted by admin on May 16th, 2009
Valuable Assets Insurance is the kind of insurance policy which has a very large scope, because you can use it to cover almost everything you have that you consider having nominal or sentimental value such as jeweleries, paintings, fashion items and even money. Terms and conditions and even the rate in this kind of policy is vary depending on the characteristic of the items you wish to protect and how much you value them (usually it’s very negotiable). And before the policy is issued there will be a survey from the insurance company – sometimes they will come with a curator – to calculate the value of the insurance object and potential risks as well.
An Introduction To Insurance
Posted by admin on April 25th, 2009
An Introduction To Insurance
New to insurance ? well. you have come to the right place, here we shall provide you with everything you need to know about the world of insurance. So many people are trying to provide protections for their valuable assets and belongings by paying lots of money to an insurance company at the beginning and get nothing in the end, why ? lack of information ! that’s why. And that is because the people are just trying to gather information from insurance companies which of course cannot be objective ! (more…)
