Insurance Info

When you bought a residential property, the financing bank will require you to insure the building at least with a basic Fire Insurance policy to protect the bank interest as well as you the owner’s interest. Fire use to pose the highest treats for property insurance as every year, billions of dollars has been lost due to fire damage. However, in recent years, due to climatic changes which caused the occurrence of many naturally disasters in many parts of the world and destroyed billions worth of properties and death of many lives, people are more conscious on many others perils or risks that can damage or destroy that property other than fire.

A basic fire insurance policy will not compensate the owner in the event of any damages done due to the perils other than fire, so in order to protect your property again all these natural and man made disasters. You need to arrange a more comprehensive insurance policy to properly protect your property again all these risks. There are insurance companies which package many of their perils with fire policy to provide their policy holder a wider and more comprehensive cover and protect than just fire damage. Some of the perils include;

1. Earthquake and Volcanic eruption
2. Windstorm damage
3. Flood
4. Water Damage due to bursting of domestic water tank, apparatus and pipe
5. Riot, strike and civil commotion
6. Malicious damage
7. Impact damage by vehicle
8. Aerial damage
9. House breaking and theft
10. Bush and forest fire, etc etc Continue reading ‘Arranging a More Comprehensive Insurance For Your Residential Property’ »

When you took a loan from a bank to finance the purchase your dream house, the bank will either took or asked you to insure a fire insurance or comprehensive property insurance for your mortgage house. Many house owners tend to believe this insurance is adequate to cover them for losses due the perils insured. While this may be true to the building, this is no insurance cover for your house contents and personal belonging. If a serious fire occurred, you would probably only left with the shirt on your back.

If you have an existing insurance policy for your property, you can check with your existing insurer whether they provide insurance cover for your house content. Some insurance company will only provide their insured a comprehensive home content insurance policy if the building is also insured under a comprehensive cover policy. A policy that cover include, basic fire & lightning plus other perils such as windstorm, flood, volcanic eruption, earthquake, impact damage, etc. Continue reading ‘Protecting Your Investment – Home Content Insurance’ »

Did you know that the average person carries about £851 worth of hand held gadgets with them every day? Having dedicated gadget insurance can save you money by offering various types of protection against theft, loss, breakdown and accidental damage.

According to the Zurich Insurance survey that revealed the statistic mentioned above, the average Londoner carries even more gadgets on a daily basis – worth £1034.

Insurance cover is available for nearly every common type of electronic gadget including mobile phones, PDAs, iPods, laptops, PCs and GPS devices. Look for an affordable insurance policy that protects the common gadgets and electronics that you carry with you every day.

Theft of electronic gadgets has been on the rise, and every year well millions are lost, stolen, damaged or simply break down. In one year alone, more than 1 million gadgets are lost or damaged by simply dropping them in the toilet or in one’s drink, or by accidentally including then in the laundry wash! Continue reading ‘Dedicated Gadget Insurance Can Save You Money’ »

With the average price of a laptop computer being anywhere from £300-£400 for a minimum performance personal laptop to £1,200 to £3,500 for a high performance computer, or £3,000 to £10,000 for a gaming laptop, did you consider insuring your laptop? What do you need to know before buying laptop insurance?

Did you know that you can insure your laptop against theft, accidental damage, and malicious damage. You’re going to invest a lot of your money in a laptop. Did you ever consider laptop insurance? Continue reading ‘Property and Casualty Insurance’ »

It is a common fact that the odds of developing a critical illness are moderately great. The statistics show that there is a 1 in 6 possibility for men and 1 in 5 possibility for women that an infirmity will impede them from working. At present, mortgage insurance life cover will not change the actuality that you can contract an sickness, yet, it can simply take away the extra tribulations, which are likely to arise such as finance repayments etc.

The bulk of populace will have a mortgage insurance protection policy, other people will maintain they have the top; most comprehensive and expensive policy there is available from the market place, with full terminal sickness protection incorporated. That is all good and fine, but none of this will consist of a critical illness problem. This is where most people fail, as they simply do not distinguish the variation. A incurable illness document is when your GP lets you appreciate that you have a ceiling of 12 months to survive, whilst a critical illness certificate can last years devoid of a prediction on your life expectancy such as loss of sight, deafness or heart etc. Continue reading ‘Mortgage Life Insurance Protection – Is it Worth It?’ »

Many people don’t know that there are agencies that keep track of personal information about them regarding insurance claims they have filed, employment history, and tenant history. Most people are familiar with credit reports but have never heard of a “CLUE” report.

CLUE stands for Comprehensive Loss Underwriting Exchange. A “CLUE” report is a report that is generated from the CLUE database which tracks information on consumer’s property loss claims and other information. The data in the CLUE database is generally submitted by insurance companies and includes information about any loss claim you file with your homeowners policy.

The major issuer of CLUE reports is a company called ChoiceTrust. You can get a copy of your report through report issuers for a fee. Just like your credit report, you should get a copy of your CLUE report periodically to review the report and ensure that all the information is correct. Continue reading ‘CLUE Reports – Get a Clue About Your CLUE Report and How They Are Used’ »

It isn’t the most exciting thing to be spending your money on, but taking out guitar insurance may save you a lot of upset and expense if your instrument is stolen or damaged. Whether you play as a hobby or as your livelihood, you need to be sure that you can have your guitar repaired or replaced as quickly and easily as possible if you need to.

There is a common misunderstanding that specialist insurance isn’t required as your guitar will be covered by your own home insurance policy. However, this may not be the case as there are often exclusions if you play for money, take the guitar out of your home, or have an instrument worth over a certain amount. Cover in these policies may also be limited in other ways, such as allowing claims for theft but not for accidental or malicious damage. Continue reading ‘Do You Need Guitar Insurance?’ »

If you are a musician who thinks that instrument insurance is either not worth having or that your instruments are already covered by your home insurance, then maybe it is about time you thought about it again.

For those of you who believe that this type of insurance is an unnecessary expense, consider what would happen if your instruments were stolen, or damaged in an accident. Would you be able to replace or repair them easily and cheaply? You are likely to find that your instruments cost much more to replace or repair than you thought. If you rely on your instruments for income, you also need to think about how you will pay for a replacement that will allow you to get back to work as quickly as possible. Continue reading ‘The Importance of Instrument Insurance’ »

As a Texas insurance agent I found that many people had questions about how to file a claim with the Texas Windstorm Insurance Association (TWIA) after hurricane IKE.

I hope that you never have to make a claim for damages. In case you do need to report a TWIA claim here are some suggestions:

* When you get a TWIA policy review your coverage and options before a disaster happens. Things to discuss with your agent include; do you have a high enough limit, are you happy with your deductable selection, is your personal property (contents) covered, have you selected the wind driven rain option, and have you selected the replacement cost valuation option. Also your TWIA policy will not cover flood damages, do you have a separate policy for that? Continue reading ‘How to Make a Claim With the Texas Windstorm Insurance Association (TWIA)’ »

If you have ever moved without claiming any security and utility deposits or even forgotten about an old savings account. Ever wonder what happens to that unclaimed money? Well, technically it’s still yours until you claim it. And if you never do, then the unclaimed money will go to your benefactor.

There are billions of dollars worth of missing money and unclaimed assets in the United States. Because of the overwhelming resources it takes to manage this information, select state governments have made it easy to search unclaimed money and missing assets easily online. Most of the government search sites are limited to property search, but larger national unclaimed asset database have been compiled to let you search for unclaimed money and other unclaimed assets. Continue reading ‘How to Search For Unclaimed Money Owed to You’ »