Title : How To Protect Your Assets Using Insurance
Content of Article : How To Protect Your Assets Using Insurance
How To Protect Your Assets Using Insurance
Assets are your possessions that make life easy; they are parts of your life. Assets of non-material resources vary. I want to take a different view of what constitutes an asset.
My view is that the property does not necessarily mean things with only financials such as cars, houses, commercial premises, equipment, etc., I think that is an advantage for the individual depends. This means that the things that can help such a person make a living example of an active footballer would his leg, while the greatest asset of a singer could be his voice. Winner of the assets your bread lucrative job, your business, your home, your taxi, etc. could be it interest you to know that all these assets were and assured.
We are a few take risks, are exposed to the assets, and how to protect his assets from them. As an individual or a company, it is important to protect your assets and corresponding insurance.
Consider:
- Protecting your assets as a single
- Protect your assets as a business or a corporation
1. FIRE, FLOOD, LANDSIDE, HURRICANE AND OTHER DISASTERS
These risks typically have a devastating effect on the assets. Fire can cause a lot of damage to buildings, cars and other property, so can other hazards. Any person or company is above all the risks listed above. An insurance prevents them from happening, but it will be there for you when it happens, so you do not all end up losing you will have for them. If your house is burned without an insurance policy that you have lost everything!
Insurance coverage: This risk can be covered by the fire and Special Perils Insurance. I'll spare you the technical jargon. This insurance covers loss or damage to property against fire, lightning, explosion of boilers or gas, storm, flood, burst pipes and overflowing of water tanks, vehicle crash, malicious damage, damage earthquakes, aircraft damage, bush fires, tornadoes and hurricanes and riots and strikes. This coverage is very cheap when you consider the premium to be paid over the value of the property. For example, if your home costs N10m and sure, were calculated at a rate of 0.225%. Thus, the annual premium will make you pay for N22,500. With this small amount you are covered by fire and special risks for one year until renewal.
2. THEFT, THEF AND HOUSEBREAKING
Every home or business faces the challenge of being stolen. After the residential houses, in which they set out and stole from time to time. armed robbers, thieves, vandals, etc. are threats to houses or apartments.
INSURANCE: What can you do to protect your assets such as your house price and features, is burglary and housebreaking insurance. This insurance covers your property against loss or damage caused by theft. It should be noted that the policy not only covers the stolen goods, but also by the burglars to gain the property in an attempt to secure doors or damaging admission. It should be noted here that the definition of theft insurance is different from its legal definition. In insurance, the theft must violence and the implementation of the input ie force or the output of a local include violent and violent means. This definition includes theft of towers or any other means that the use of any form of violence. However, your private residence burglary policy cover this type of theft that does not understand the power (so-called Larceny), which is covered with an additional premium. Insurance against burglary is too cheap. For example, if the entire contents of your house or apartment is appreciated in the field, at N5M then ever you live the insurer a rate of 0.5% can collect to make your premium is N25,000. Please note that the price is only applied for the construction of content, because it is impossible to be deprived of a building!
3. RIGHT BECAUSE OF LIABILITY FOR OTHERS
Prosecution launched an attack on the financial assets of an individual. For example, was a guest in your home as a result violated all devices to use in your home or fall on him because of connections or a fan ceiling. If that person sues you, the court will decide in his favor. For in the law, you should either party have a duty of care it in your home or not. Guest
Insurance: What can I do to lead to this type of study. Very simply, you get liability insurance to protect - to obtain in this case a personal liability insurance. This policy protects you against legal obligations you. In your property to third parties for death, injury, illness or damage arising from your guilt or negligence All legal costs are paid by the insurer.
There are many other risks, that the insurance cover your assets to protect such accidents, other liabilities, job loss, neglect, etc. My contribution closing this part 1, I will cover the remaining risks and how to protect them with insurance. Please read, and if you have insurance questions, please leave your comments below.
Such an explanation of the article How To Protect Your Assets Using Insurance
That is all the article and tips How To Protect Your Assets Using Insurance, hopefully can be useful for all of you. Okay, this is the end of our meeting this time.
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