Insurance Coverage For Golf Carts – Unleash The Secrets You Do Not Know

If you are a golfer and happy with homeowner's policy, then think again. Your homeowner's insurance policy may not protect you when you go out there on the greens and trails. In fact, you need a specially supervised insurance coverage for golf carts. There is a big difference between the coverage when you buy issue…

If you are a golfer and happy with homeowner's policy, then think again. Your homeowner's insurance policy may not protect you when you go out there on the greens and trails. In fact, you need a specially supervised insurance coverage for golf carts.

There is a big difference between the coverage when you buy issue insurance policy. Well, you are not going to use your golf cart inside your home to travel from dining to bedroom or kitchen to patio. You need adequate protection especially when you are out on your wheels. Some prompt instances when your homeowner's insurance fails to protect you are

• You meet an accident while riding cart and incur medical expenses
• Your cart slides from the trailer while driving on road
• Golf cart stolen
• Your driving cart injures someone

However, applying for an insurance coverage for carts has answers to these concerns and of course peace of mind for you.

What Do You Expect – Be Rational Yet A Lot More Is Available Than You Expect

A perfect insurance policy for your cart has a lot more to deliver and it is indeed designed to cover all your needs for protection. In addition, insurance service providers offer extended protection on the ride's parts like stereo or headlight by adding riders to the policy. Some prominent coverage types available are

• Comprehensive Insurance Coverage – This type of coverage typically protects your golf cart from all types of non-collision damages. Such coverage covers loss from the occurrence of theft or fire. Insurance service providers offer comprehensive coverage based on the total price of the cart, year of the manufacture, and many such cost-governing factors.
• Collision Insurance Coverage – As the name explains, this type of coverage protects you during a loss due to a collision. This coverage is good especially during instances like when you collide with another cart or any other object for that matter.
• Bodily Injury Liability Coverage – This type of coverage helps to cover the loss due to bodily injury to another person. You may not pay medical expenses for the person from your pocket when you are covered with bodily injury liability insurance coverage.
• Property Damage Liability Coverage – This type of insurance coverage protects you when you are liable for payment for loss due to accident. Damages to cars, house, or the other person's assets are protected by the coverage.

Some Questions You Must Ask Your Insurance Agent Before Signing Policy

Insurance Coverage For Golf Carts is an important aspect and you need to buy it with care. Well, do not sign any document unless you ask following questions to your insurance agent and get satisfactory answers for the same.

• What is ideal medical and liability coverage for you?
• What is the highest affordable amount you can pay in case of loss due to theft or accident?
• What discounts are available to you?
• What is the standard procedure for filing a claim?
• What is the duration required for settling a claim?
• What add-ons or riders are available for me to enhance the coverage?

Taking A Look At Gadget Insurance

As a modern person, you most likely have a Smartphone, laptop, camera, and other gadgets. If you regularly travel, there are many things that go wrong with your gadgets: they can be damaged, get lost, or even be stolen. Good quality gadgets do not come cheap; therefore, it's always wise that you protect them. One…

As a modern person, you most likely have a Smartphone, laptop, camera, and other gadgets. If you regularly travel, there are many things that go wrong with your gadgets: they can be damaged, get lost, or even be stolen. Good quality gadgets do not come cheap; therefore, it's always wise that you protect them. One of the most effective ways of doing it is by insuring them. Studies show that many people do not insure their gadgets due to ignorance or lack of knowledge, but this should not be you.

Types of gadget insurance policies

Insurance companies have come up with insurance policies intended to cover your gadgets. Some of the companies cover a certain brand of gadgets while others are not choosy. There are some companies that will cover you against specific problems such as accidental damage, theft, or loss while others will provide you with a comprehensive cover. It's up to you to choose the cover that you like the most.

Factors to consider when getting gadget insurance cover

For you to get the most from your gadget cover you need to consider a number of factors that include:

Item limit : Companies provide different limits on the amount of money they can cover a given gadget. Some will provide a limit of a few dollars while others will cover gadgets that are up to several thousands of dollars. The policy that you choose should be enough to cover your gadgets. When making your choice, you should note that policies with high limits are usually expensive.

Replacement cost : Insurance companies have two types of replacement costs: the relative cost and the exact cost of the gadget. The relative cost is the cost of the gadget at the time of the damage or loss. A company that compensates you using the relative cost is not good as you will be required to pay most of the money. For example, your iPad might be worth over a thousand dollars when new but this will not be the price a few years later. In the event the iPad gets lost or damaged, the insurance company will compensate you based on the current value of the gadget. To ensure that you do not pay a lot of money than you should, go for a company that replaces the gadget based on the price of a new gadget.

Exclusions : Almost all policies have exclusions. These are situations where the policy will not cover you. For example, most of the policies will not cover your gadget if you damaged it while you were bungee jumping. To avoid surprises in the future, you should take your time to read the policy and stay away from one that you feel will be controversial in the future.

Conclusion

This is what you need to know when you are getting insurance for your gadgets. The key to avoiding surprises in the future is reading the fine print. Carefully go through the print and understand all the exceptions and exceptions that might be listed. As rule of thumb, you should never go with a company offering a limit that is below the cost of buying a new gadget.

Important Facts About Moving Insurance

The most important factor to be considered before planning the movement of your business to a new location is the amount you are ready to shell out in order to secure your valuable possessions from theft, loss or even permanent damage. A minor amount of damage to your goods is bound to happen even if…

The most important factor to be considered before planning the movement of your business to a new location is the amount you are ready to shell out in order to secure your valuable possessions from theft, loss or even permanent damage. A minor amount of damage to your goods is bound to happen even if you hire a professional expert team to handle your movement or when you plan to do it all by yourself. For all these reasons a moving insurance was devised which will enable you to get all your prized holdings insured against all odds. Enrolling for a moving insurance depends on one choice when one decides to plan the movement. However, when you hire professional experts having insurance becomes mandatory.

Before making a moving insurance it is very important to understand its concepts to utilize its benefits to the most. Some of the basic ideas for protecting your valuable goods are listed below:

Explore your options: While moving the contents of your apartment it is important to make sure that nothing is damaged during the transit. It is important to note that the moving company is supposed to be held liable for any damage caused to the valuables while transiting across the state.

Safeguard the value of your goods: The bill of lading is an estimation done by the moving company which gives you an idea about the moving valuation. This estimation may vary as it depends on the cost you want to invest in order to protect your valuables.

Full replacement value protection: According to this policy, the moving company is bound to pay the entire amount for the full replacement of your goods in case of damage, theft or loss. Although this insurance is the costliest of the lot, however, it provides the ultimate level of protection for your valuables.

Check options of third-party insurance: You can also take insurance from third parties. In such cases, the coverage for your goods is the liability of these third parties and not the moving companies. One can either take the help of the moving company or find the best insurance themselves.

Pack your goods carefully: The insurance does not cover items which are perishable in nature. Also, expensive items costing over 100 pounds like jewelry must be declared well in advance to the moving company in order to avail all the benefits of a moving insurance.

These simple tips would help you safeguard your valuables during a transit. Also be alert never to sign on blank documents in order to avoid any forgery.

Get Gadget Insurance So You Do Not Have To Be Without Your Beloved Gadget For Very Long

Today, almost every person owns multiple gadgets, from laptops, mobile phones and cameras to eBooks, tablets, music players and GPS devices. While most of these devices provide hassle-free service for several years, it is the portable nature of these gadgets that can make them particularly vulnerable to damage, theft or loss when taken out and…

Today, almost every person owns multiple gadgets, from laptops, mobile phones and cameras to eBooks, tablets, music players and GPS devices. While most of these devices provide hassle-free service for several years, it is the portable nature of these gadgets that can make them particularly vulnerable to damage, theft or loss when taken out and about. The only way you can protect yourself against the loss is to insure your gadget.

Think about it this way – if your gadget was damaged or stolen would you be able to stay without it for any length of time? If you are going to be devastated should something happen to your gadget it is a sure sign that you need to get gadget insurance.

Are not gadgets included in home insurance?

Not necessarily. There are a few home contents insurance policies that cover gadgets too but all do not. If you are already paying premium for your home contents insurance, take time to read through the clauses carefully to see what is insured as well as the amount of protection you are likely to get.

If your gadget is not covered under your home contents insurance you should consider obtaining separate liability insurance.

A good gadget insurance policy protects you against accidental and liquid damage, theft and loss and more.

How to Choose an Insurance Company That's Right For You

Choosing the right insurance company should be top of your list when you are looking for gadget insurance. Without the proper due diligence you could end up with an insurance company that has a reputation for bad customer service.

Here are some of the things you should look for when choosing an insurance company for your gadget insurance:

• Is the company FCA regulated – If a company is FCA regulated it means that they operate to very high standards and are completely reliable. Insurance companies that are not FCA regulated may not be above board. That is not a chance you should be willing to make.

• Check the company's rating – You can check the rating of any company today by using either a free or paid service. The ratings will give you a pretty good idea about the efficiency and trustworthiness of the company.

• The insurance company has a physical address – Having a physical address gives the customer confidence that there are real people operating the company and these people can be approached when necessary. When a company operates entirely through the internet without a physical address, who do you go to if you are looking for the answer to a question or if you need something to help you resolve a problem?

• Does the company have a plan that meets your needs? Each insurance company will have its own unique range of insurance plans. It is important to take your time and compare plans so you choose one that meets your needs and fits within your budget.

Gadget insurance is highly recommended if you own one or more high end gadgets. You may have to pay a small premium but the benefits far outweigh the cost.

Latent Defect Insurance: A Definition

Insurance brokerage remains a mystifying field for the average layman or woman. Much like other branches of the insurance tree, the many complexities of this process tend to evade all but those with some training on the field, and the average insurance policy purchaser usually has a significant number of questions and doubts to voice.…

Insurance brokerage remains a mystifying field for the average layman or woman. Much like other branches of the insurance tree, the many complexities of this process tend to evade all but those with some training on the field, and the average insurance policy purchaser usually has a significant number of questions and doubts to voice. Fortunately, reputable commercial insurance brokers will make sure the process is as transparent as possible to their clients, often going as far as to explain certain specialist terms which form part of the trade 'lingo'.

One such term, and one which applies specifically to property insurance, is 'latent defect insurance.' Unlike many other terms in the insurance field, some customers do have an idea of ​​what this term means; however, just as many are still unclear as to its exact meaning, which is why this article will seek to clarify that matter, as well as explain why latent defect insurance plays an important role in the property insurance brokerage process.

What Is Latent Defect Insurance?

Latent defect insurance, also often known as structural warranty guarantee or simply structural guarantee, is one of the most important parts of insurance policies on buildings and other such types of property. Its aim is to protect a policyholder against property damage resulting from defects in workmanship, structural planning, design or materials of the building.

Unlike other policies offered by commercial insurance brokers, latent defect insurance does not require proof of fault, just proof of defect, an important nuance which could often help simplify and speed up the insurance process. Similarly, this kind of policy is not dependent on Architects' Certificates, professional indemnity or collateral warranties, allowing policyholders to protect their investment in a more cost-effective manner. Latent defect insurance may not exclusively eliminate costs should Negligence have to be proven against one or more parties, but it nonetheless implies a significantly lower expenditure for the policyholder than they would otherwise incur in.

When Does Latent Defect Insurance Apply?

Almost any structure is eligible for coverage through latent defect insurance. It is most often used to cover commercial or residential buildings, but it is not unheard of for a policy of this type to be taken out for a large car park, or other less conventional structure. Of course, eligibility will vary from one company to the next, but most commercial insurance brokers are willing to work with the customer to try and arrange cover for their structure, so it is always a good idea for a prospect policyholder to ask and see if and how this type of cover might fit their specific situation.

What Are The Consequences Of Not Taking Out Latent Defect Insurance?

Of course, as with any other type of clause or policy, individuals taking out property insurance are under no obligation to take out latent defect insurance. However, there is a good reason why most commercial insurance brokers recommend their clients take out this type of policy, and why some clients even demand it upfront. Simply put, re-instating a defective property can represent a significant investment in both time and money for all involved. Protecting the structure with latent defect insurance will, at the very least, give the property owner peace of mind, by ensuring a solution is in place to deal with any structural defects their property may incur in. As noted above, this type of policy does not represent a one-size-fits-all solution; however, it does at least provide policyholders with some reassurance, and could save them mental, physical and financial strain should any structural defects be found in their property. This is the main reason latent defect insurance is important to the structural insurance brokerage process, and so so many commercial insurance brokers advise their customers to contract it.

Drone Insurance and What Every Drone Owner Needs to Know

Insurance is the financial responsibility that is taken by a firm or person in case you damage someone's property or cause harm in any way to another person. Insurance is important to own before you drive any manned vehicle and the same is true for unmanned aerial vehicles (UAVs). Insurance is a key aspect of…

Insurance is the financial responsibility that is taken by a firm or person in case you damage someone's property or cause harm in any way to another person. Insurance is important to own before you drive any manned vehicle and the same is true for unmanned aerial vehicles (UAVs). Insurance is a key aspect of risk management and can help your business get through legal consequences resulting from unforeseen accidents caused by your drone.

The owners as well as the manufacturers and operators of drones are finally showing interest in learning about drone insurance. Drones are still in a development phase and there are not any specific rules and regulations governing their use. Therefore, there are a number of questions in the minds of the people regarding the insurance policies of these aerial vehicles. People want to know how the drone insurance is going to work. The following is a compilation of all the aspects that need to be kept in mind when it comes to drone insurance.

Is Drone Insurance Really Necessary

It is true that right now there are no implications for not having drone insurance. You can fly your drone even if it has not been insured. However, it is becoming increasingly necessary to buy insurance for these aerial vehicles as they can cause some serious damage if they go out of control and cause an accident. Moreover, as the use of these drones increases, the authorities would most certainly make it compulsory for the drone owners to buy insurance before they can start flying them. Therefore, it is a good idea to buy drone insurance today so that you do not have to worry about it at a later stage.

Criteria for Setting Premiums

The cost of drone insurance mainly depends on the level of danger that may be involved with the operation of the drone. Most, the choice of platform, the operator's experience and the use of the drone is taken into consideration for estimating the coverage that the insurance company will provide you. If there is a higher likelihood of an accident happening, the cost of insurance may go up. On the other hand, if the operator is an experienced one and the chances of a collision occurring are less, the premium amount might not be that high. So, when looking for a good drone insurance plan make sure that the drone you have is a safe one and is being piloted by an experienced professional.

Insurance Coverage

Every drone insurance plan is different. The coverage that is provided by the drone insurance will greatly depend on the policy that you are buying and the company providing it. The areas that are covered by drone insurance plans are different for the owner and the manufacturer. For instance, most insurance plans for drones provide coverage to the owners for the legal liability and the physical damage caused by their drone either to a person or a property. This insurance will cover you for the following aspects:

· Personal injury: If your drone invades the personal space of your neighbor or some other person and ends up injuring them.

· Non- owned: If you happen to crash someone else's drone that is not owned by you.

· Medical expenses: If your drone collides with a person, causing him / her injuries which require medical treatment.

· Premises liability: If your drone enters the awards of a person who does not like your drone invading his privacy.

· Damage to the UAS: Any damage sustained by the UAS during its flight either because of inclement weather condition or collision with an aerial object.

Factors to Consider When Choosing a Drone Insurance Provider

Drone insurance is a very important issue and so it is vital that you choose your drone insurance provider very carefully. There are a number of insurance providers available in the market offering various plans for insuring your drone. However, not all of them are good. Some of the companies are only in this business to make money and do not really care about their customers. If you want to find the best drone insurance provider then you will have to take into account the following factors:

  • Reputation

The reputation of the drone insurance provider is of critical importance. You should only choose that insurance provider that has a good reputation among the people. The easiest way of finding out about the reputation of a drone insurance service is to have a look at the testimonials posted on its website. If the testimonials are generally positive then the company is a reputable one.

  • Reliability

Reliability is also an important factor that should not be overlooked when it comes to choosing a drone insurance provider. Make sure that the company you are buying the insurance policy from is reliable and can be trusted with if you get into trouble with your drone.

  • No Hidden Cost

All the best drone insurance providers have a very clear and transparent price structure. They do not have hidden costs which are disclosed when you need the insurance to cover you. To avoid such an instance, go through the terms and condition of the insurance provider with the help of an insurance lawyer to be sure that there are not any hidden costs mentioned in there.

  • Customer Support

Customer support is also an important aspect that should be given due importance if you want to find the best drone insurance provider. You should make sure that the insurance company you are dealing with has a responsive customer support staff that answers all your questions promptly.

In a nut shell, drone insurance is very important and it would be wise for you to buy it if you plan on using these aerial vehicles for personal or commercial use. However, choose only a reliable and reputable insurance provider to get your drone insured.

Tips on Drone Insurance

Why UAV Insurance? Almost everything is insured. Our life, our houses, our vehicles and many more things which we value. The increase in drones, especially among the citizens has given the need to add drones in the list of insured items. If you are conducting business and earning money using drones, it is a wise…

Why UAV Insurance?

Almost everything is insured. Our life, our houses, our vehicles and many more things which we value. The increase in drones, especially among the citizens has given the need to add drones in the list of insured items. If you are conducting business and earning money using drones, it is a wise idea to get your drone (s) insured. Even if you are not earning money and plan to earn in the future, even then it is a good idea to get insured. This will help you prevent paying out of pocket in the event an accident occurs.

Getting drones insured would also be good for your business. Your clients would feel secure and would want to do business with you. This would retain your clients as well as help in bringing new clients.

We all know that the applications of drone use have increased vastly from it's original military use. Now, people are using drones for commercial use as well as individual purposes. In the near future, you will frequently see drones flying above you. With the increase in the number of drones, accidents are bound to happen. They could crash in a building, in another drone or worse, in a plane. Even now, pilots have reported about 25 near misses with drones. If this is the rate now, imagine what future rates will be?

Moreover, with the stealth nature of drones, many people might get offended when your drone hovers above their house or their office. They could then slap a lawsuit of invasion of privacy. The American Civil Liberties Union has even asked for rules concerning drone use to prevent the society into becoming a 'surveillance society'. If this is the level of concern now, imagine what it will be in the future.

Types of UAV Insurance:

As of now, if you are not a commercial drone user, homeowner insurance would suffice. The catch is, however, that the drone must be flown over your own property and / or away from the public.

If you are a commercial user of drones, no matter how big your operations are, you will need to get your UAVs insured.

The amount of insurance depends on the use and the country in which it is being insured.

Drone Insurance:

Getting drone insurance is not that easy. You have to prove that you are serious about drone use. You have to prove that you have some sort of expertise in drone flying. This could include copies of operating manuals, records of sale and purchase of drones and drone parts and also proof of training.

Insurance Operations:

The majority of the insurance companies insure drones for the following operations only:

· Agriculture

· Archeology

· Construction

· Emergency response

· Environment assessment and monitoring

· Knowledge and information gathering

· Law enforcement

· Movies and documentaries

· Security

· Shipping and maritime

· Sites protection and surveillance

· Traffic patrol and assistance

· Transportation maintenance

Type of accidents covered:

Following are the accidents covered currently with various UAV insurance plans:

· Loss of drone

· Partial or complete damage of drone

· War

· Hijacking

· Terrorism

· Personal injury

· Fire

Cost of Insurance:

Drone insurance is basically split in two parts: liability and hull damage. In the liability type, these are the damages claimed by the third parties whereas hull damage is the damage related to your own drone. Generally, insurance policy for a liability goes up to $ 1 million while for hull damage it can go to $ 1500 per year. These are general quotes and specific ones may vary from company to company and drone to drone. Some companies provide insurance for liability only while other for hull damage and some for both.

Requirements of Insurance Brokers:

Insurance brokers also have some requirements. Typically, they would need the number of flying hours of the drone. The flying hours should normally be between 50 and 100. The drone owners are also required, in some cases, to hold the FAA 333 exemption. FAA 333 Exemption is a certificate issued by the Secretary of Transportation to operate in the National Airspace System. The insurance brokers also want to know whether the drone is owned or leased. They are curious as to if the drone is able to automatically store the flight data etc. Lastly, they want to know the areas the drone has been flying and will fly in the future. They also check the website and last but not the least, want to know if any sort of training or certificates have been taken vis-à-vis drones.

Getting Insured:

When getting insured, first decide which company you want to go with. For that, you have to get quotes from several companies. And to get a quote from a company, you need to go to their website and fill out the quote form. The form will ask several questions related to the information about the owner, the type of coverage and the cost of equipment, operational locations and number of hours fluct, training levels and number of previous accidents etc. After the form is filled, the particular company replies back with the quote. Once you have multiple quotes from several companies, you are better able to judge and you can apply to the company of your choice.

Insurance Companies:

Following is the list of some insurance companies who deal with drones. The list does not include all of the companies and may not include the best ones, but they are sufficient:

· Aerial Park

· AIG

· Avion Insurance

· Avalon Risk Management

· Coverdrone

· Driessen Assuadeuren

· Harpenau Insurance Agency

· Sky Smith

· Sutton James Incorporated

· Unmanned Risk Management

So, this was a modest effort to inform you about how to go about getting your drone insured. In recap, those who want to just fly over their homes or clear of public and for recreational purposes do not need to get any type of drone insurance, as homeowner insurance will be sufficient. Those using UAVs for commercial purposes really need to get their drones insured and should consider getting their drones insured right now. Who knows with the passage of times may the laws relating to drone insurance will get much clearer and conformed across the insurance industry.

Tenants Insurance

Protection of your assets and the risks of third-party liability should be a primary concern to all renters simply because accidents do happen and we seldom have visibility to them until after the fact. An unwatched pot or overflowing bath can cause a great deal of damage to your unit and contents. Tenants insurance covers…

Protection of your assets and the risks of third-party liability should be a primary concern to all renters simply because accidents do happen and we seldom have visibility to them until after the fact. An unwatched pot or overflowing bath can cause a great deal of damage to your unit and contents. Tenants insurance covers your contents against losses caused by fire, smoke damage, water damage, vandalism, theft, and many additional perils.

What is the specific protection that tenants insurance can provide?

  • Contents – Protection for contents in the policyholder's unit and other personal belongings worn or used by the resident on-and-off-promises. If you were able to turn your unit upside down and shake it, whatever falls would generally be considered “contents” wherever whatever does not is part of the building and is not covered. Contents can include, but are not limited to furniture, clothes, televisions, bedding, and dishes. Some restrictions may of course apply.
  • Personal Liability – If a resident is found to be liable for causing damage to the building or another person's property (for example, if a resident accidentally started a fire in their room) or caused bodily injury to another person on the concessions, coverage under the policy will respond up to the insured limit to pay legal expenses and compensatory damages subject to the Policy Terms, Conditions, and Exclusions of the policy.
  • Additional Living Expenses – If as a consequence of an insured loss the tenant's unit is exempt for occupancy or a resident has to move out their unit while repairs are being made, coverage under the policy will pay the increased expenses up to insured limit incurred by the resident to obtain temporary housing subject to the Terms, Conditions, and Exclusions of the policy. If a resident has to move to a hotel for a few days while their unit is being repaired, these additional costs and increased food costs for restaurant meals may be covered under the Policy subject to the Policy Terms, Conditions, and Exclusions of the policy.
  • Other Coverages – Additional coverings may be available for earthquake, jewelery, and fine arts. Please check with your insurance broker as required.

Coverage may be subject to a deductible. Please check with your insurance broker for policy specifics.

Additional Benefits

Some tenants insurance policies offer access to value-added services, direct from the insurer, as an additional benefit of the coverage. Novex Insurance Company, for example, offers Novex Assistance – a program designed to provide tenants with services including:

  • An unlimited legal information telephone help line for advice about property, landlord / tenant relations, employment, contracts, social benefits, licenses and permits, inheritances, and family law.
  • Home care services including housekeeping when property is damaged; babysitting for sick children or grandchildren; babysitting in case of hospitalization; homework on return from hospitalization; and visiting nurse.

Please note that home care services are subject to certain limits and conditions. Please ask for details.

Tenants Insurance Programs

Tenants insurance programs exist for a number of different types of contracts that may offer tailor coverage and pre-negotiated preferred rates for insurance. These preferred rates may offer cost savings over retail market tenants insurance offerings.

  • Building Tenants Insurance Programs – For the benefit of tenants living in certain buildings.
  • Seniors Tenants Insurance Programs – For the benefit of senior tenants living in certain retirement homes. May specifically include coverages for hearing aids, wheelchairs, or scooters.
  • University / College Tenants Insurance Programs – For the benefit of their students while living in residence at certain colleges or universities.

In most cases, tenants insurance programs may be supplied without cost to the building owner, retirement home owner, or college / university. Improved property and general liability loss experience may result for the building owners due to the insurer's ability to subrogate. This may in turn lead to lower commercial insurance rates in future.

Conclusion

Protecting your contents and yourself against liability risk is a prudent step to take regardless of whether you own your home or not. Tenants insurance is a risk coverage often overlooked by renters that can, in many cases, provide significant risk protection at reasonable rates. Ask your insurance broker about the benefits of tenants insurance and learn how little it can cost to cover your debts and third-party liability risk.

Bespoke Coach House Buildings And Contents Insurance Is Still So Difficult To Find!

If you own a coach house you will need a policy that will insure the whole property including all the garages, your own garage (freehold) and those on Leasehold to neighbors. These are usually on lease on a 999 year Peppercorn Leasehold. You must include the Legal Liability cover you need to protect your liabilities…

If you own a coach house you will need a policy that will insure the whole property including all the garages, your own garage (freehold) and those on Leasehold to neighbors. These are usually on lease on a 999 year Peppercorn Leasehold.

You must include the Legal Liability cover you need to protect your liabilities as freeholder to the tenantholder's, while insuring the entire building including the garages on lease.

Coach House Insurance must include but not be limited to:

• All Perils – these are things like Fire, Storm Flood etc .. including Escape of Water

• Impact and Collision – This covers the property should anyone hit the building with a car – such as a slight miss when driving into a garage!

£ 2m Property Owners Legal Liability, which is the part of the policy that protects your legal liabilities to the tenantholder.

• Accidental Damage – this is optional, and covers things like a spillage on the sofa, and DIY disasters.

• Personal Possession Cover – this is also optional and includes your day-to-day valuables when you take them out of the house – mobile phones, handbags, camera's etc …

• Specified Items – you can specify any particular valuables you have over £ 1,500 in value for example.

Plus much more!

You can expect all the regular Features and Benefits that Home Insurance offers whilst tailoring a policy to meet your specific needs of your property.

Why is it so difficult? There are more and more of these types of properties being built all the time so it is a shame that the insurance industry has not erected up, this does make things difficult for the owners of coach houses and the market is much more limited. The legal liability aspect of the property arrangement is something that most insurers do not understand, so they simply declare cover or impose huge rates on the premium to cover the risk. The fact of the matter is that there is no more risk to insuring a coach house as any other type of property. It comes down to lack of knowledge.

There are Insurer's who are very skilled at writing good quality bespoke insurance for these types of properties, you need to look hard enough.

What NOT to do. Never insure your coach house as a detached house because it is not a detached house, never insure your coach house as a flat because it is not a flat. This seems obvious but some people simply change the description of the property to suit the check box! Any claims made on a policy with incorrect information submitted by the policy owner will be forwarded. You can not insure a BMW as a ford and the same logic applies.

What you should do . Always insure a coach house as a coach house and find an insurer that covers coach houses. Whilst this will be more time-consuming and need more research on your part, you must insure your property accurately to protect it and you.

Why Invest In Cargo Insurance Today

The risks associated with conducting trade around the world have pre-occupied the minds of most merchants for centuries. Whenever goods move, they are indeed subjected to risk and their value may be partially or wholly lost because of different reasons. As a business owner, this can be very critical to your enterprise. 3 Main Types…

The risks associated with conducting trade around the world have pre-occupied the minds of most merchants for centuries. Whenever goods move, they are indeed subjected to risk and their value may be partially or wholly lost because of different reasons. As a business owner, this can be very critical to your enterprise.

3 Main Types Of Risk

  • Loss
  • Damage
  • Delay

3 Cargo Clauses (A, B and C)

A – This is considered the most comprehensive type of all risks policies which protect you from the effects of most problems, with the exception of strikes and wars. Be reminded that when you are dealing with a dangerous zone during the transit of your vessel, piracy is actually considered an act of war. If you want to minimize this, consider taking out specific cover.

B – This will cover several common risks on a reasonable attributable basis. Be aware that it is actually possible to attribute responsibility or possibly even strike between different parties to a transaction.

C – This is the most restricted type of policy. It may only cover accidental damage, for instance.

Other Classifications Of Insurance Policies

Marine – This will apply to air and sea freight. It covers loading / unloading, weather issues, and problems with the vessel or airplane.

Truck Cargo – This will cover theft while a vehicle is unattended along with damage to the goods because of movement or collisions.

Voyage – Traders who are not frequently engaging in a trade might opt ​​for specific cover with a policy which sets out the places of origin and destination. When the goods have arrived already, the policy expires. Here, you need to do it all again the next time you need such coverage.

Open Cargo – This is the best option for regular exporters or importers. This is for an agreed timescale or total value, or both. So, if you must export thousands of goods in the next 6 months, you can actually cover such value. The service provider does not need to know where or when the goods are moving.

Tips For Choosing The Best Provider

Begin by approaching a general-purpose company to get a quote. You can actually ask for referral or recommendations from reputable businesses that frequently use this service. Be reminded though that marine freight insurance is a specialist area. So if you need such, it would be wise for you to seek for an expert.

To guarantee a competitive deal, it is advised that you test the market at renewal from time to time. More information mentioned here .