Which add-on covers are recommended for property insurance?

We suggest policyholders consider subscribing for add-ons available under the fire insurance cover. Below we cover an exhaustive list of add-ons for you to evaluate the relevant ones for your property insurance –   LONG TERM AGREEMENT- Insurers offer premium discounts for longer coverage agreements i.e. for 3-5 year coverage terms.   TEMPORARY REPAIR COST- […]

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Common General Insurance Terms You Should Be Aware Of

Here are some of the terms commonly used in case of general insurance: Insurance: It is a contract between two people (or companies) wherein one of the persons agrees to cover the risk of the former and promises to compensate him in the case of any loss. Proposal: It is the application form for applying […]

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What is Property Insurance?

The property insurance is the insurance that protects the physical goods and the equipment of the business or home against any loss from theft, fire, and any other perils. It can be an all-risk coverage policy that gives protection against all the risks, or it can be named-risk coverage policy that gives protection against only […]

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What is Property Insurance defination?

What is Property Insurance defination? Property insurance as the name suggests provides cover against damage and theft of property to the owner or tenant of the property. It can be used to cover the structure of a building, or the contents kept inside the building by its owner(s) or tenants. This insurance policy will help […]

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How are assets valued under a property insurance policy?

The purpose of property insurance policy is to help a policyholder gets a replacement for lost or damaged goods. However, to make the extensive use of the policy, it is inevitable to know how assets are valued under a property insurance policy. Let’s look at different ways on the basis of which assets are valued- […]

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What You Need to Know About Property Insurance Coverage

Its’ good that you are thinking about buying a property insurance, however, there are some factors that you should consider in order to ensure you choose the right one= Have a clear understanding of the claim process Two insurance companies can promise to give you the same coverage, but they can vastly differ when it […]

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Property Insurance: Just Expenditure or a Necessity?

In any case, property insurance is not expenditure but a necessity which you should consider if you want to protect your property from both natural and man-made calamities like flood, storm, theft, burglar, etc. Given that property involves your huge investment, considering a property insurance just expenditure is a mistake. Read more: Five Mistakes That […]

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What is Errors and Omissions Insurance in Real Estate?

As a real estate professional or a broker involved in the property market, you may be committed to your clients. However, what if you advise your client to invest in a particular property deal which turns out to be wrong? You might be sued by the client. If God forbid, the verdict goes against you, […]

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