What is Property Insurance and How to Buy It ?

Property insurance is an umbrella policy that covers various assets fixed or movable against the risk of damage. Plant, machinery, stock in the warehouse are valuable properties for business and can be vulnerable to many risks. The financial burden of such risks can be reduced with the help of a property insurance. Know about the […]

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What is Co-insurance Clause in Property Insurance?

Co-insurance is an important clause in office insurance policy which is defined as the ‘sharing of risk’ between multiple insurance companies. Usually, one insurance company lead the policy document, and that insurer would be responsible for different aspects of the policy document, including the claim. In such a case, the insurance company will levy a […]

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What is an All-Risk Property Insurance Policy?

An all-risk property insurance policy means that the policy will cover everything, expect the perils which are clearly listed under the exclusion head. It means, if something is not specifically excluded from the all-risk property insurance policy, it would be covered by the insurer. Often known as a comprehensive insurance policy, an all-risk property insurance […]

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What are Some Items Typically Excluded From Property Insurance Policy?

  A property insurance is an umbrella term which comprises of various insurance policies like office insurance, construction all risk policy, engineering all risk policy, factory & warehouse insurance, motor fleet insurance and art insurance, etc. Though, the purpose of a property insurance is to offer complete coverage against various natural and man-made perils like […]

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What is the Definition of Commercial Property Insurance?

As the term itself says, a commercial property insurance policy helps people in business by covering their commercial property, against a myraid of losses or damages. In most of the cases, a commercial property insurance policy offers coverage for standard fire & special perils and burglary. As the cases of burglary in business premises are […]

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What is Contract Price Insurance Clause in Property Insurance?

Property insurance covers the owners or the rental of the property against any damage or theft to the structure or its contents. Property insurance covers for perils like fire, smoke, wind, hail, lightning, theft and burglary. A property insurance has various clauses and fire insurance is one of them. There is a clause called contract […]

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