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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What is the relevance of the designation clause in fire insurance?

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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What is covered under art insurance?

Today, works of art are considered a profitable investment. Indeed, they are expensive and constitute a long-term investment. However, their allure also means they can be stolen. Or they might be inadvertently destroyed. Thus, it is important to insure your art. Your art collection may also be of much greater value than you think. That […]

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Filing a claim under motor fleet insurance

Motor fleet insurance provides cover to your entire fleet of vehicles. It is designed chiefly for companies with a large number of vehicles. Of course, individuals with more than one vehicle can also opt for this insurance. Let’s get to know about filing a claim under motor fleet insurance. What is motor fleet insurance? Instead […]

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Exclusions of motor fleet insurance policy

When you want to insure more than one vehicle, a motor fleet insurance policy is a great choice. It is one policy that provides insurance cover against loss or damage to all your vehicles. However, it is important to remember that your standard motor fleet insurance policy has some limitations. Here we will get to […]

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