As a home owner, you want your insurance to cover your house, its structures and the fixtures in your home. It is always better to buy a home insurance: you will be more relieved if you have something that you do not need compared if you need something you do not have!
There are two more types of insurance we have not covered yet: it is commercial insurance and terrorism insurance.
Commercial insurance
If you choose to get insurance for your business, premiums covering a commercial building vary depending on the type of business, construction, risk and mission of your business.
The insurer will consider the building’s age, its dimensions and even the state of heating and electrical circuits!
If you get a good and experienced adviser, he will answer all your questions and guide you towards the best option available to you.
Insurance against terrorism
Following 9-11 (2001), the insurance industry added special clauses to its regulations to adjust its protection to new reality, and consumers are right to fear these actions absolutely impossible to predict.
It is interesting to know that insurance companies have a simple analyze of the problem. They must be able to identify and estimate the costs of such claims. But could we know the level of risk of events and the cost they imply? This is the reason why terrorist acts are not covered…
However, there are certain clauses in commercial agreements that touch the idea of a possible terrorist attack, but no coverage is usually provided for these purposes.
The insurance industry and the federal government are working together to raise awareness of this gap and find new solutions. Unfortunately, nothing was done for the moment.
