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 […]
Whenever you are opt-in for property insurance cover, the first information you will have to provide to the insurance company is the value of property to be covered, referred to as sum insured in insurance terms. Many times we have observed that clients are not able to provide accurate value of sum insured for coverage […]
The declaration policy is designed to give better protection in cases where the stock fluctuates from time to time. Under the declaration policy, the insured takes out insurance for the maximum amount that he considers would be at risk during the period of the policy. On a fixed date of every month or a specific […]
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 […]
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 […]
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 […]
Art insurance refers to insurance cover for artworks. Such insurance can come in handy if your art collection is stolen or damaged. In this article, we’ll get to know about the process of filing a claim under Art Insurance. The process of filing an art insurance claim To file a claim under art insurance, you […]
Building insurance is a product that offers insurance cover to residential and commercial buildings. Specifically, owners can buy this policy to protect their buildings from risks due to fires or natural disasters, explosions, burglaries, etc. Let’s find how to minimse the premium of building insurance. Tips to lower initial premium on building insurance The premium […]
Although you may take every precaution and use the latest technology to ensure the safety of your business premises, you cannot completely rule out the possibility of an accident. Thus, fire insurance is both essential and recommended for your business. Why is fire insurance important? To understand the importance of fire insurance for your office […]
Click to view video
