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 to Do Under an Office Insurance If An Insured Person Meets With An Accident?

Office package policies also have provision for personal accident cover for the insured. All provisions of personal accident cover offered in office package policy are similar to a standalone personal accident policy. Meaning, the following are covered: Death due to accident Permanent Total Disability Permanent Partial Disability Temporary total disability Hospitalization expenses incurred due to […]

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Who can purchase Building Insurance?

The building insurance is generally meant for large commercial building owners and homeowners. The owners can use the commercial building/residence to run their own business/live or to rent it. It may be possible that the owner of such building may occupy the part of the business and lease the remaining to someone else. The owners […]

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