Home Property Insurance

Protect Your Assets With Home Insurance

For most people, the house is the most important asset in life. Not only the price of the building is expensive, but also the land and various furniture in it. However, ironically, there are still many people who don’t really care about their home insurance. In fact, the danger that threatens the house and the valuable assets in it can occur at any time and cannot be predicted. Can you guarantee your home will last forever? There are unexpected events that can happen, for example, fire, flood, theft, to the crash of an airplane.

For this reason, you need to consider having insurance. You should not just fixate on insurance when the house is being credited. However, you will also need to continue insurance after paying off your home. This is what often escapes people’s concern for their own assets. This is because knowledge about home insurance is not yet popular in the community. There are still many people who think that home insurance is useless. In addition, there is also an assumption that insurance companies are only after premiums and will not in the end bear it if anything happens.

Insuring a home means transferring all risks and financial burdens to the insurance company. Of course, losing your home is tantamount to losing your most valuable asset if no one is paying for the repairs. For that, register your home for insurance. However, beforehand, you need to learn what the insurance company covers and what steps you need to take to get started.

Home Property Insurance

The Importance of Renters Home Insurance, for Owners and Tenants

Owning a rented house and renting it out to other people is something that most people often do, especially if the person concerned already has another residence as a private residence. Many people make rented houses a source of income, considering the amount of money made here can reach thousands of dollars per year. The value of this rent will certainly depend on the facilities and the house’s condition.

The better and strategically the location of a rented house, the greater the rental costs that will be obtained from the house. That is, of course, the selling value of the house itself is also high and fairly expensive. After all, a house is a high-value asset that can cost thousands to millions of dollars, so it is very important to protect it with the maximum protection, one of which is by using insurance services. Then, does the rented house also need insurance?

Global Insurance

Know the Types of Insurance Based on the Basic Aspects

Insurance as a form of risk reduction allows you to minimize losses arising from an unwanted event. The many risk factors, in the end, make you also have to choose what kind of protection is suitable for you.

These various risks that can happen to anyone, anywhere, and at any time make many types and products issued by the insurance company. This is all to accommodate the needs of the community who need a sense of security and protection from the shadows of adverse risks.

The types of insurance are very diverse and cannot only be seen from one aspect of the difference. There are different types of insurance in terms of management. There are also types of insurance that are distinguished based on their operational objectives. Finally, there are types of insurance that are differentiated according to the type of coverage.

The types of insurance will affect the various products produced. By knowing these two things, you can adjust the selection of insurance that feels most appropriate to your needs. The following is an explanation of the various types and insurance products.

Home Property Insurance

What is Home Insurance, and How Does Home Insurance Work?

Most people will think that a house is an asset and a very big achievement in their life, this is certainly very reasonable, considering that a house is obtained with a very long process and hard work over a long period of time.

By looking at the facts above, it is only natural that you will always want the best care and protection for your home. This will prevent you from experiencing a number of risks of loss that can come at any time to the house because basically none of you can predict when disaster will come. For that, you need protection from the start, namely by using home insurance.

Home Property Insurance

Do I Need Renters Insurance, The Ins and Outs of Insurance For Home Renters

Almost every item can now be insured, including property. Insurance regarding the property itself has spread everywhere. But most people only know insurance related to the property they own. What if the house is a rental residence. Is there also insurance for renters?

Do I Need Renters Insurance? An overview of Insurance for Property Renters

In the world of property rentals, unit owners tend to insure their property to be safe. But not many tenants have taken similar action and bought renters insurance. They consider the owner’s insurance sufficient to cover property damage that may occur.

Even though insurance for renters has more functions than that. In simple terms, renter insurance can be interpreted as:

Global Insurance Liability Insurance

7 Types of Risk in Insurance Industry That You Must Know

Insurance is a business of taking risks from the customer to the insurance company to feel comfortable joining the insurance program. Insurance must be smart in controlling risks so that the business is profitable so that customers also feel comfortable joining the programs offered. Before getting to know more about the types of risks that exist in the insurance industry, customers need to first understand the benefits of insurance itself. Here is the full review.

Liability Insurance

All About Liability Insurance: Definition, Examples, and Benefits

The definition of third-party liability insurance is insurance that provides financial protection from the risk of legal liability. So, this insurance will provide compensation money if the customer gets a lawsuit from a third party.

For example, we accidentally hit someone else’s car and they demand compensation for damage to the car. In this case, the insurance will replace the money.

This insurance will guarantee legal liability to third parties in the form of bodily injury and/or property damage in connection with work or business activities carried out by the insured.

Liability Insurance

But keep in mind, the compensation money paid by insurance is not based on an agreement between us and the third party. There must be a court decision. So, you can’t just shoot nominal

Now maybe you are still wondering if you are among those who need this insurance. To understand better, let’s see the next discussion in deep on this article!

Global Insurance Life Insurance

Know These 4 Types of Riders in Insurance that You Can Utilize Optimally

Before buying an insurance product, we must know clearly what benefits will be obtained from the product. In fact, we are often negligent or don’t even pay attention to all the contents in the insurance policy that we are going to buy. Not only you, most people who use insurance services often experience it.

Lack of attention can cost you money for inappropriate needs. Moreover, the amount is not small because most people will take a number of policies whose value is large enough for various insurance services. Avoid that risk because every penny of your money is worth it. That’s why it’s so important that you know where the money is going.

Global Insurance

Benefits of Having Personal Accident Insurance, Everything You Need to Know

In addition to health and life insurance, a worker (especially if he is the main source of family livelihood) needs to specifically have an insurance product that protects himself related to the risks he faces, especially at work. Therefore, for those who have high-risk jobs, it is highly recommended to make accident insurance, so that work becomes safer.

There are many professions that are prone to the risk of personal accidents that need to be anticipated, especially for field workers or those working in the manufacturing industry. In accordance with labor regulations that every project or job in an industry must prioritize occupational health and safety so that both individuals and companies must protect their employees with personal accident insurance protection. This is actually also beneficial for workers and companies if there is a risk of work accidents.

Global Insurance Miscellaneous

These are 60 Insurance Terms You Need to Know, So You Don’t Fail To Understand

Many terms in the insurance world are not widely known or understood by ordinary people. Even though this is important so that they can understand when buying insurance products and can choose insurance that suits their needs.

For those of you who want to take out insurance or plan to buy insurance. Understanding insurance terms is something that cannot be underestimated.

Generally, a number of terms in insurance use English, but some use loanwords. All terms in the insurance can be found in the handbook provided by the insurance provider/company to policyholders.

But you don’t need to worry about this first. For those of you who don’t know much or don’t have enough time to study policies, here is a summary from about common terms in insurance that are important to know and their definitions.