Actually, not only Fire Protected By Property Insurance

Is it just fires are covered by property insurance? Apparently not. Many other protection that you can get and give an advantage when you have property insurance. Home, shop, office, factory until you have to be safe. What are the protections?

Compared to other insurance such as health insurance, car insurance, accident insurance, and life insurance, property insurance is still less popular in the community. In fact, it has the value of insurance protection is important.

For example, the owner of the house where you live, this insurance can protect all the items contained in the house. When that happens is a fire risk, this insurance will protect your home from the construction side is very likely that homes will become unfit to live.

 

Moreover, for those who have a business property involving warehouses, factories, and offices. This insurance will provide protection for the value of the loss to be greater. Not only buildings and objects in it, there is usually a business property valuables such as documents that can not be replaced. Therefore, the financial losses incurred will usually be greater. (See also: Step Choosing the Right Property Insurance)

Then, the actual protection of what can be found in property insurance?

Depending Property Type

Yes, the answer to the above question is dependent on what property you have, and the type of coverage desired. In this insurance, the property can be divided into private property is protected in the form of shelter; business property such as shops, stores, offices and others; and industrial properties such as factories.

Home Insurance

Insurance that protects private property or residence, usually referred to as home insurance. This insurance provides a wide range of comprehensive property protection for individual customers. Such protection can include standard insurance for buildings and contents, home insurance product to more complex with additional financial protection to meet specific needs. (Read: Choosing Insurance for Your Home)

Usefulness of home insurance is to provide financial protection to buildings and contents home of several possible risks such as fire, theft, damage due to an accident, storm / floods, earthquakes and other calamities.

Not only providing standards protection, some products from home insurance also provides a variety of additional protection, namely;

• Protection of collectibles and valuables
• Protection of temporary accommodation (if your residence uninhabitable)
• Personal liability which provide financial protection against damage to property or bodily injury suffered by a third party and legal fees incurred related to the protection of this
• Protection of personal items were taken out of the house, such as watches, jewelry, etc.
• Protection liability arising from sports activities, as well as the financial loss due to loss or damage to sports equipment

Business Property Protection

For property that is incorporated in a business that involves a warehouse, factory, shop and office, the type of protection provided is usually more complex. For example, for the plant, it will usually have its own protection for its machines.

For building objects such as factories, hospitals, office buildings, stores, warehouses and so on, usually the packages offered are insurance packages 'Property All Risks' which provide substantial protection against objects and interests. The risks of such protected;

• Fire, explosion, lightning, aircraft's fall, smoke
• Burglary / theft with violence
• Natural disasters (except earthquakes and volcanic eruptions should be covered in a separate policy), risk of unforeseen and unintended occurrence

So in other words, the policy Property All Risk / Industrial All Risk will ensure all risks throughout the risk is not excluded. However, these risks can be excluded incorporated into policy if you ask extra protection clause.

In the standard fire insurance policy itself, there are some risks that are excluded, namely;

• Fire or explosion resulting from fire (self contribution) or by short circuit (short circuit) or arising from the nature of the goods themselves (inherent vice); it could be included in the policy if it is expressly guaranteed by a special extension
• Theft or loss during and after the occurrence of events that are guaranteed policy
• Fire caused by war, invasion, act of foreign enemy, activity resembling war, civil war and the like
• Nuclear reaction, radioactive contamination or pollution
• Deliberate, business interruption, forest fires, shrubs, and turf

For information, generally for a home insurance policy is often called "Home Insurance", while other buildings insurance policy is often referred to as "Property Insurance". So, whether you are insured property do you have? If not, register now property insurance in accordance with the type of building that you have!

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