Insurance
Insurance
Are there more Questions than Answers?
Guardian General Clarifies
IF YOU NEED TO MAKE A CLAIM landlord
62Q
A
fixtures and fittings and water HOMEOWNERS ADDITIONAL COVERAGE Here are six clear simple steps to help you storage tanks.
Cover against legal liability as follows: make that claim. What is covered under Contents Insurance?
• Owners liability to third parties Step 1 – Report the loss to us immediately.
Your household items, personal effects, • Occupiers liability to third parties Shortly thereafter follow this up by a visit to the tenant’ s improvements, tenant’ s fixtures and • Tenants liability to third parties office to complete a loss report form. Our team fittings and interior decorations, electronic • Tenants liability to owner will be happy to assist you. Photographing the equipment, items considered valuable and • Personal liability scene of the loss or damage before any cleanmoney.
• Liability to domestic employees up is done is helpful.
• Alternative accommodation if the premises What is my deductible?
Step 2 – If you suspect theft or malicious are deemed uninhabitable following an
This is the first amount of a claim for which damage and if any property is lost or insured loss subject to the policy limit you are responsible. stolen, you must report this to the police COMMERCIAL PROPERTY POLICY immediately. HOMEOWNERS POLICY
Our policy protects your Commercial Property, Step 3 – If your property is damaged, obtain Your home is probably the biggest investment defined as follows: costs and estimates for repairs, rebuilding or you may ever make, so you will want to protect
Buildings, stocks, plant & machinery, office replacement. it. Don’ t worry; this does not have to be a big equipment and other contents. Step 4 – In the case of lost or stolen items, you challenge. We will make it our duty to help you will need to present bills, photographs, proof through the process.
Our Commercial Fire Policy provides cover of purchase / ownership to support your claim. for your business enterprise against fire and
Our Homeowners Policy provides comprehensive Step 5 – Make it your responsibility to take the lightening. insurance packages designed for Residential necessary steps to recover missing items and Property owners / occupants and / or tenants. At your request the policy may be extended to
to prevent further damage to your property. cover the additional perils outlined below:
Step 6 – You will need to submit to us a HOMEOWNERS COVERAGE
• Fire, lightning, explosion( s) statement of claim, with all necessary proofs to BUILDINGS | CONTENTS | ALL RISK
• Bursting or overflowing of water tanks, verify the claim within 30 days of the occurrence
• Fire, lightning, explosion( s), apparatus and / or pipes which gave rise to the loss or damage. thunderbolt( s), subterranean fire
• Impact by aircraft or other aerial devices
• Bursting or overflowing of water tanks, FREQUENTLY ASKED QUESTIONS
• Impact by vehicle( s), livestock apparatus and / or pipes
The world of insurance can sometimes
• Riots, strikes or malicious damage
• Impact by aircraft or other aerial devices feel like walking through a maze so
• Hurricane, cyclone, tornado or windstorm
• Impact by vehicle( s), livestock please do not hesitate to ask about
• Earthquake or volcanic eruption
• Riots, strikes or malicious damage anything which you do not understand.
• Flood
• Hurricane, cyclone, tornado or windstorm To give some assistance, here are a few of the • Earthquake or volcanic eruption
BUSINESS INTERRUPTION questions which we are asked most often: • Flood Our policy indemnifies the insured from
Do I have to take Homeowners Insurance?
• Falling tree( s) losses caused by interruption of business as
When you finance your home, your mortgage • Collapse due to subsidence or landslip a result of damage to the property, arising lender will require you to have home insurance( buildings only) from a peril covered in the fire policy. coverage to protect your home in case of • Smoke damage Items such as gross profit, wages, damage.
• Breakage or collapse of television and / or auditor’ s fees, professional fees and rent radio aerial( buildings only) If I run a small business from my home, is can be covered.
BG this covered by my Homeowners Insurance? What is covered under the term‘ Building?’
Building( s) include your private residence as well as tennis hard courts, patio, pathways, driveways, boundaries, walls, garden walls, gates, fences, solar water heating systems, www. businessgrenada. com