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Tag Archive | "building insurance"

Business Building Insurance Made Easy

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Owning business building is one of the wisest investments you can make. The rent associated with these investments is considerably high as compared to residential properties. However, there are distinctive risks associated with business buildings that can make you miserable if you don’t proactively guard against them. Some of the hazards associated with these business buildings range from fire, earthquake, wind, snow and any other natural disaster.

How do you then guard against the loss associated with your business buildings? The smartest way you can take to protect your business building is to get a business building insurance quote either online or from your insurance broker in order to have the sound mind to perform your business without fear of losing your investment through the occurrence of the aforementioned perils. The basic business building coverage you get from your insurance company are “named peril” and “all risk” policies.

“Named peril” policies, as the name suggests, gives the specific perils (that is events leading to a loss) that the insurance company will response to in the event of a loss. “Named peril” policy therefore gives the purchaser of business building insurance policy the option to take a specific peril or event, unlike “all risk” policy which provides coverage for all kinds of risks. This gives a good option for people who are prone to a specific risk in their geographical location or have small probability that a certain kind of peril will happen to them. For example, it will be prudent for someone living in an earthquake prone state like San Francisco to have a business building insurance that covers earthquakes whiles neglecting other perils that have lower probability of occurring.

On the other hand, “all risk” policies give the owner of business building coverage for all risks unless they are omitted for some reasons. It therefore provides coverage for an array of risks that could cause loss to the insured. One should expect that because of the wide coverage “all risk” business building insurance is relatively expensive than “name risk” or specific risk business building insurance. It is up to you to decide which business building insurance to purchase whether “named peril” or “all risk”.

It is therefore advisable that before you start your business, you should have business building insurance in mind in order to get the confidence in your business continuity in case a major loss occurs. It’s god to know that with the advent of technology, it is easy to get business building insurance quote online or consult a professional if need be.

The benefits of Short Term Car Insurance

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If you own a car you would know that having car the car insured is mandatory. However if you are looking to borrow a car or purchase a new one and would like to drive it home, there would be a couple of questions that need answers. The new car purchased would not be insured. The car you borrowed would not have you as one of the named drivers on the policy. Under the circumstances the only option left open to you would be to opt for short term car insurance.

Insurance companies issue short term car insurance to people who need it for short durations. The reasons for the requirement may be varied as mentioned above. However the fact remains that driving a car without the required insurance cover is illegal and you could end up in big trouble if you try to do so. Even if you are just driving a newly purchased car, you need short term car insurance for the drive back home. This will ensure that you do not face any problems in the event of any damages to the car en route to your home. You can always choose an insurer for a regular policy before the end of the short term car insurance.

There are many ways to make a purchase a short term car insurance policy. Perhaps the easiest option, which can be accessed from the comfort of your home, is looking for online insurance providers. You will need to browse over the internet for a while but you will definitely be able to make your purchase. Just fill up a small form, make the payment required and the policy will be yours within minutes.

Never take the risk of driving without being insured. The problems, which may come your way, may turn out to be bigger than the small amount you spend for the short term car insurance policy.

For more information on building insurance please visit my caravan insurance guide.

What type of building insurance quotes should you be looking at?

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Building insurance is a type of insurance covers you for damage to the buildings usually the things that can’t be removed, such as the structure. The damage may have been caused by accidents or by weather conditions such as high Winds or floods.

The structural insurance does not cover the contents and broadly speaking the contents are defined as something that may be removed without causing a problem to the outside structure. Contents are normally furniture, bedding linen, upholstery and electrical equipment.

In general these two types of insurance quotes are separate, some companies provide a discount if householders want to take out a joint building and contents insurance policy. Some aspects of building insurance are gray areas. Keys for instance can be removed safely without damaging the structure of the building, but they are essential for doors which will are parts of the building structure.

Many people assume that content insurance should be higher than building insurance because contents insurance to cover things like furniture, electrical appliances including microwaves, garden furniture, electrical equipment, computers printers etc. It is true in some cases that the contents can be worth more than structure but in general the building cost far more to repair than to replace the contents.

Building insurance does not cover all contingencies, terrorism, war and nuclear damage normally excluded but floods, fires, earthquakes, falling trees, subsidence, storms and vandalism are normally covered. If you live in an area that has high risks of certain natural disasters building insurance is essential. Building insurance also covers the outhouses to your property and any sheds.

Some insurance providers will provide a smaller rate for building insurance if there is an excess, this means you agree to not claim for the first part of the damage in excess on your building insurance is $250 then you must pay for the first $250 with the damage in the event the kind. If you choose to ensure your building for all damage than your building insurance premiums will be higher.