Which Insurance you should take for protection during monsoon? 

With monsoon on the dock, it is that time of the year when we encounter flood, humidity and damage to our assets. Slips and falls whilst on our bikes become more common. Of course, one can not rule out runny nose, malaria, dengue, other mosquito-led diseases and other water-borne illnesses. These are many risks to […]

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What types of properties can be insured under property insurance?

Owning a property involves a considerable amount of money. Whether you use the property for residential or commercial purposes, any damage to the property can be financially challenging. You might have to spend a considerable amount of money in getting the damages repaired or replaced. Such costs might pose a financial strain and that is […]

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How does underinsurance impact fire insurance claim settlement?

Underinsurance refers to inadequate insurance coverage of the policyholder. In this article, we’ll get to know how does underinsurance impact fire insurance claim settlement.   If a policyholder is underinsured, it will result in economic losses for him/her in the event of a claim far exceeding any premium savings that might have resulted from underinsurance. Therefore property […]

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About the relevance of the designation clause in fire insurance policy?

Designation of property is the most important clause in a fire insurance policy. As per fire insurance policy wordings, designation of property clause is defined as – For the purpose of determining, where necessary, the item under which any property is insured, the insurers agree to accept the designation under which the property has been entered in […]

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Which add-on covers are recommended for property insurance?

We suggest policyholders consider subscribing for add-ons available under the property insurance cover. Below we cover an exhaustive list of add-ons for you to evaluate the relevant ones for your property insurance –   1. LONG TERM AGREEMENT- Insurers offer premium discounts for longer coverage agreements i.e. for 3-5 year coverage terms.   2. TEMPORARY […]

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