You actually make it seem so easy with your presentation but I find this topic to be really something that
I think I would never understand. It seems too complex and extremely broad for me.
I’m looking forward for your next post, I’ll try to get the hang of it!
The most popular property insurance is the standard fire insurance policy. The fire insurance policy offers protection against any unforeseen loss or damage to/destruction of property due to fire or other perils covered under the policy
Buying a fire insurance policy bring customers peace of mind as it covers them for losses or damages resulting from a fire and other covered events/perils.
But following points should be considered while buying fire insurance for proper protection.
- Perils covered
- Exclusions
- Add on covers
- Proper Description of the property
- Related clauses like Goods Held In Trust Clause, Reinstatement Value Clause etc.
- Adequacy of Sum Insured to avoid under Insurance.