There are certain times that we fail to understand clearly what is meant by fire insurance or simply what does a fire insurance company cover when they decide to compensate a part when they are involved in cases of fire. This is the reason why many firms which are responsible for covering for people’s property take their time to ensure that things are quite clear to their customers. Most asked questions are posted to the FAQs section to make it easier for the customers to scheme through them and find solutions to their existing similar problems. Some of the questions posted to this section include:

· What is the meaning of fire insurance?

In lay man’s language fire insurance or brandforsikring as they say in Denmark, is mainly a special form of coverage where a specialized firm comes in to make sure that it can protect an individual against events that cannot be predicted.

Fire can arise at any time without the knowledge of the property owner thus it is recommended that you insure your property against such calamities to be on the safer side.

· What are some of the extra dangers that are covered in the fire insurance policies?

There are some instances where different insurance firms may fail to compensate you for fire damages mainly because you did not include the cause of the fire in your policies when registering with the insurance firm. Therefore being compensated would have to depend on the policies mentioned or agreed upon. Some of the mostly covered reasons include: lightening, explosions, riots, terrorism, floods, strikes etc. If the clause that you have do not have any of these then the firm would not insure you against what they did not plan for.

· Do policies cover different kinds of property?

Yes sure. There are different forms of property that can be insured against fire. Some of the different kinds of property include: buildings (factory, hotels), houses, stocks etc.

· What is the meaning of the term sum insured?

This refers to the value that should be incurred in order for the insurance cover to apply to the person being insured. If the sum insured is not reached then a firm might fail to compensate for the loss of property due to fire.

Can a party be able to change the value of the sum insured?

Yes this is possible. All that is required from you is that you should be able to give early notice to the insurance firm. The sum insured if increased means that the person being compensated would have to pay additional premiums. If the sum is decreased then there would be a refund on the premiums that had been paid.

· How much will it cost me to be able to be covered by the policies?

There are several factors that would determine the cost of the policy that would be suitable enough to cover you property against fire. For instance, location, type of property to be insured- a factory that deals with chemicals would have to be more expensive compared to an assembly factory. The market prices would also alter the cost that you could incur.

Best answer:

Answer by Sagar T
Insurance companies are wary of lapses in any kind of insurance policies. In your case it just happened to be home insurance.

The single most feared factor in the insurance business is not hurricanes, not bush-fires, not wars, not meteor strikes but what’s known as ‘moral hazard’. Moral hazard is, in simple terms, lack of inhibition in preferring a claim under less than above-the-board circumstances.

For example, if your camera is insured for home use only, you cannot make a claim if the insured camera suffers damage during a jungle safari. Most of us, being honest persons, would not even want to claim under such circs. However, since, as a rule it takes all kinds to make this world, there exist individuals who would make a claim as if the damage occurred at home. Such individuals are considered to be ‘moral hazards’.

Coming back to your original question, insurance companies know from empirical evidence that the incidence of moral hazard is greater – much greater – in those cases where there’s a break iin coverage. It’s likely that the insured is trying to renew the policy after a loss has occurred.

You need to provide evidence to the insurance company that you did not intend to let the policy lapse. That it lapsed, is a fortuitous happenning (please note the wording – underwriters love such language) and not a deliberate omission. ‘I do not want to be penalised for something over which I had no control’ is the line you need to take. You could strike lucky with this line.

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Best answer:

Answer by Etienne de Quercy, Tip Top Tup ?
listen DJ Gregory, he’s the best

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Best answer:

Answer by Mushu
I found a claims number for Fidelity National, it could be the right company;
800-220-1351

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The definition of an RV is somewhat loose. An RV is traditionally viewed as a motor home, but many travel trailers, fifth wheels, and tour buses are considered RVs as well.

Since RVs are motor vehicles, they must be covered for conventional car insurance issues such as liability, collision, and uninsured or underinsured motorists. It is a legal requirement to have liability insurance, which covers all damages and bodily harm that is caused by the insured RV motorist. This protects people who the RV owner may collide with, and guarantees that they will receive compensation. Collision insurance covers any damage done to the RV when a collision occurs. This includes situations in which the RV collides with an object or an object collides with the RV. It is a good idea for RV owners to purchase uninsured or underinsured motorist coverage as well. This type of coverage protects the RV owner from having to pay for any damages caused by another vehicle driven by someone who does not have enough insurance to cover the damages.

RVs usually include appliances; it is a good idea, though it is not legally required, to insure these as well. The main difference between RV insurance and standard car insurance is that RV insurance policies can cover appliances and personal items in the RV. Plumbing, electrical problems, and other issues can be covered by RV insurance policies. Other items in the RV — like TVs, stereos, or furniture — can also be insured. This is similar to homeowners or renters insurance. Usually, people must ask for coverage of internal items because the law does not require it.

People who live in their RV full time and do not have a permanent residence have additional options. Many insurance companies offer full time coverage specifically designed for people who live in their RV. These types of policies often provide total vehicle and home insurance for the RV.

It is important for RV owners to purchase appropriate coverage for their vehicle. Many RV owners foolishly purchase the bare minimum of coverage, and then have to pay out of pocket for costly repairs on appliances and other items inside the RV.

Best answer:

Answer by mbrcatz17
Contact a local, independent agent to get 5-10 quotes IN YOUR AREA. Not all companies write insurance in all states.

As long as your carrier is A rated, it’s going to be pretty good. Going with a local agent, well, it’s much harder to get appointed, if you’re a local agent, so you know there’s some credibility behind it. On the internet, who knows who you’re getting?

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Best answer:

Answer by Angela L
Oh HEL* YES! I tried to get comm. insurance and it was going to run $ 300 to $ 500 per month. If you have a business making good money, it’s worth it. But for pizza delivery, it wasn’t a good idea.

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Thanks to medical policies that have made medical treatments bearable and affordable for the patients. If you are insured under a certain medical policy, your insurance company can bear your medical bills significantly while enabling you pay nominal amount of money from your pocket for the medical costs.

With this importance, health plan or Mediclaim policy has become an optimal choice for the people of India today.

There are a lot of health insurance companies in India. All of them sell out respective healthcare plans at different prices to the people of India. Unquestionably, most people become a bit confused when it comes to choosing a good company to avail affordable and cost-effective health plan. Understandably, people need extensive searches using the Internet to get one of the best healthcare service providers in India in order to buy cost-effective health plans. Companies such as HDFC, ICICI Lombard, Royal Sundaram, TATA AIG, bajaj allianz health insurance and others ensure people of India to avail quality health care products at affordable price.

Generally, the health care plans of such companies entail cashless hospitalization. According to the facility, the insured patient, during the time of medical emergence is covered for medical costs for his/her hospitalization of more than 24 hours at any one of the listed network hospitals of the healthcare service provider.  In other words, if the insured patient is hospitalized for more than 24 hours at any hospital that is listed in the network hospitals of insurance company, the major portions of costs of medication are born by the company rather than the patient insured. No doubt, chance of availing cashless hospitalization becomes nil if the insured patient has his/her medical treatment at other hospital that is not listed in the network hospitals of the company. In that case, the company reimburses the medical costs at a later time.

Health plans such as individual or family floater are available in India but they should be purchased from a reliable healthcare service provider. Make sure that you search more details about such company to buy cost-effective medical policy for your need.

Best answer:

Answer by Jimmy Usa
Put it on a calendar. I sure am not going to remind you, I have a lot of things on my plate right now.

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Best answer:

Answer by Mike C
I think if I remember right, the credit card only covers the deductable portion of your auto insurance. You would be best serve to contact your credit card company to make sure.

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