A: A Broker is an independent professional, who will work on your behalf to obtain an insurance policy that best suits your need.
A: Yes! We have knowledgeable, licensed and friendly Brokers that would be more than happy to help you.
A: A cause of loss or damage. e.g. fire, theft, flood or hail.
A: Compulsory political riot and strike insurance.
A: A discount in premium based on the number of claim free years.
A: Simply put, valuations are important as firstly they confirm the value of the items in question and more importantly, at the time of a loss, they confirm ownership.
A: This is a payable portion of any claim you make, or the amount you agree to pay (per claim) towards the cost of your insured loss.
A: To avoid the processing of small or minor claims where the administrative costs are the same as when processing larger claims.
A: Use the formula of square meters x current building costs. When you calculate the replacement value of the building/s you must include architects fees, local authority license fees and all other incidental costs involved in the replacement of the building, thus advisable to add about 15% to the calculated cost.
A: As a tenant you still need insurance coverage for your contents (e.g. clothing, dishes, furniture etc.) as well as for liability exposure.