Ways of Offering the Home Owner With Peace of Mind Using Home Insurance

Many people often overlook the home insurance policy. Taking up this insurance policy plays an important role in offering the owner of the home peace of mind. Several factors contribute to the homeowner's policy including the interior damage and the exterior damage. Water damage, fire, pant spill, theft and glass breakage can be covered by the homeowners policy.

Exterior insurance claims account for a good portion of the insurance claims filed. Some of the common exterior claims include hail damage, wind damage, fire, falling debris and lighting damage.

On the other hand, the business/commercial insurance is an important aspect of the business. The insurance offers many benefits including protecting the business against unexpected occurrences like theft, injury or fire. This insurance coverage helps in protecting many risks that a business can face involving destruction/damage to vehicles, liability hazards arising from the working of business vehicles and destruction/damage of inventory or office equipment.

Commercial insurance has been designed in such a way, that it helps to protect several risks the business can experience including:

· Destruction or damage to the business vehicle

· Destruction or damage to the inventory or office equipment

· Certain liability exposures arising from operations of the business vehicle

· Loss of income arising from close up shop on a temporal basis as a result of covered loss

· Risks to the cargo while it is on transit or storage

· Certain business related liabilities such as libel, slander, wrongful entry and offenses arising from business advertising

· Crime coverage including burglary, employee dishonesty and robbery

· Loss or theft of equipment and tools

Business insurance is designed to help with protecting risks that the business can face such as damage or destruction to the business vehicles, inventory and office equipment. It also caters for loss of business income in the event of closing shop temporarily because of crime coverage including burglary, employee dishonesty and robbery. Whether the business is low or high-tech, service or consumer oriented insurance offers many benefits.

The insurance policy can influence who works for the business and why. It can help protect the assets of the business and revenue.

Providing health insurance to employees offers a valuable tool that can attract and retain some of the best employees. The business becomes a more attractive place if the coverage is comprehensive when compared with that of the competitors. It is common for employees to remain with a particular employer or job because the health care cover is affordable and comprehensive.

Motor Fleet Insurance - Know How It Works

Motor fleet insurance is a typical automotive insurance that will cover more than three vehicles or a fleet of automobiles under a single policy. In case, you have three or more vehicles of any type, instead of insuring them individually, you can take this policy to avoid the hassles of handling different policies for each vehicle. This article helps you better understand the functionality of this policy, its benefits and a few other things.

Motor fleet insurance policy is designed to cover a number of vehicles under one policy. Different vehicles like cars, vans, motorcycles, horseboxes, motorhomes, etc. can also be included in the fleet for insuring. Though the number of vehicles may vary based on the insurance provider, in general, motor fleet insurance is applicable to a fleet of 3 or more vehicles.

As it is legally obliged to have enough insurance cover for every motor vehicle which is in use or left on a public highway, taking motor fleet insurance for your vehicles serves the purpose.

Who requires motor fleet insurance? 

Contrary to a general assumption that motor fleet insurance is useful only to few businesses, it will serve any individual who drives many vehicles. Even big families who have at least five vehicles to insure can opt for this insurance to avail its benefits.

When it comes to businesses, any company which uses more than three vehicles for their business operations like cars for business travel, cabs to transport employees, vans for delivery purpose, director's personal vehicle under the company's name, and so on, could benefit from the fleet insurance.

Though this insurance is helpful for most of the businesses, for few businesses such as courier and delivery firms, taxi services, car rentals, firms providing employees with business cars, security companies, etc. it is very valuable. Based on their fleet size they can choose a small fleet insurance for 3-12 vehicles and large fleet vehicles for 13 and more vehicles.

Coverage offered by the policy 

When compared to individual auto insurance, motor fleet insurance is a comprehensive policy which offers wide coverage. A typical policy covers third party thefts and damages, fire accidents, windscreen insurance, breakdown assistance, theft of keys, medical expenses to the injurer, legal costs, etc. If required you can include cover for goods, replacement vehicle costs, uninsured loss recovery, etc. based on your ability to pay premiums and the options available with the insurer.

This insurance policy also offers cover for the driver, but, based on few conditions like licensed drivers, drivers above 17 years, good driving history, etc.

Factors that could affect the price of the policy 

Every insurance company looks at different factors for deciding the fleet insurance eligibility. However, there are few common factors which affect the policy price. They are the size of the fleet, type of vehicles, nature of the business, combination of different vehicles, age, condition and mileage of each vehicle. In few cases, the fleets with younger drivers and the scope of the driving restrictions requested will also affect the premium.

Motor fleet insurance is beneficial in two ways - firstly, it is cost effective and secondly, it reduces the hassle of handling different insurance policies. If you are planning to take the motor fleet insurance policy, it is good to take help of an insurance brokerage firm. A reputed insurance broker will have access to many insurance companies and can effectively suggest you with the right kind of policy that suits your needs. They will assist you at every step and also enables you to get the industry's best price. They will take care of policy renewals and also help you to get the cover quickly.