How to choose the right Loss Insurance

How to choose loss insurance - You want to buy a loss insurance policy? Do not rush. There are a few things to consider when determining what insurance products are going to wear, either for yourself or for your employer. Some tips can help you.



 






Separate the items / objects in accordance with its economic calculation
Choose items that really need to be insured so that you have nothing to lose. For example, if you intend to take out fire insurance for houses and household furniture, then you do not need to enter the computer and all the accessories into the calculation. Why? Because the recovery value to the company computers is very low when compared to the current value of the computer or at the time of purchase will be insured.
Another example, you would take the insurance of motor vehicles (cars) on assets of the company. If the cars to be insured are aged over 10 years, the economic cost of the insurance premiums will be greater. Another case if companies can set their own / self-insurance on the vehicle's assets.

Identify items / objects clearly
We recommend that you first identify the goods / objects to be insured. For example, the Toyota Corolla sedan in 1998. In the enterprise, for example, a garment factory and machinery, generators and other equipment associated with the activity of the plant.

Choose the insurance company with a good reputation
Do not be fooled by insurance companies that provide premium rate (amount paid for a given protection unit) is low or high premium discount. If you do, can-can the insurance company cannot claim complete payment when you make a claim against them.

Give information clearly
Give a clear description of the object you are insured to the insurance / insurance broker. Instead, ask for more complete information about the insurance products they offer. You can ask about the type of insurance, extensive warranties, rate premiums, deductibles (the amount of fees that you will pay before the insurance company began paying compensation), cut or claim procedures.

Ask for insurance coverage (insurance coverage) is the most excellent
You should ask the most extensive insurance before the insurance guarantee insurance policy is issued.
For example, for fire insurance Fire Insurance you can ask RSMD 4.1.A or 4.1.B + earthquake+ flood. Property insurance for buildings, you can ask property covers all risks (PAR). If you want to insure your vehicle, ask motor vehicle insurance covers all risks RSMD 4.1.A, etc.

Choose a package of insurance products
Instead of just choosing one insurance product, you are encouraged to choose one package at a time. Thus you will get discount facilities and better services. For example, the purchase of home insurance (fire insurance) following cars (Car Insurance) and personal accident for the family members

Ask the system "First Loss Insurance"
Especially for objects that have a value / number of very large, for example over 100 billion. Have the system of "first loss insurance" to the insurer so that the premium you pay is not too big.

Ask the system "Adjustable Policy"
Value / amount of insurance stock merchandise usually show a different volume every day or every month. To fix this, you can ask the system "adjustable policy". With this system you will pay premiums in accordance with the volume / transaction really have to do.

Read, carefully and ask
Read it carefully and thoroughly policy statement and articles. Ask about the procedures that will claim you did before approving an insurance policy issuance.
If there are errors in writing, whether the object of insurance or other information, immediately notify the insurance / insurance broker. They will soon issue a written improvement in the policy.
Once you approve the issuance of the policy in question, ask for original documents and copies of the policy, with receipts as a sign of ownership and the payment of insurance premiums