What will be the cost of a fire insurance policy?

Cost of a Fire Insurance Policy Fire Insurance is the perfect protection plan for your offices, home, and any other workplace. It protects your building, assets, furniture, and fixtures against a series of perils. Claims can settle under this policy either on a market value basis or on a reinstatement value basis. So, what will […]

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Buy a home insurance policy that pays actual cost of repairs

Published in Mint on 28th August, 2017. Written by Abhishek Bondia I am looking to buy home insurance for my apartment. If I buy a long-term policy (10 years) now, will the rates be locked-in for the period, regardless of increase in premium for renewals? —Harpal Khanna Yes. If you buy a long-term policy, premium […]

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Reinstatement Value Clause in Office Insurance Policy

The reinstatement Value Clause (RVC), defines the terms and conditions of payment of reinstatement claims under property insurance policies. It defines the reinstatement value that will be payable after the loss. And the conditions under which this value may be altered even after the claim has been accepted by the insurer. So, what is Reinstatement […]

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