How to Get Your Insurance to Actually Work for You
A policy is only useful if it pays out when you need it. Here is how to read yours with fresh eyes.
Read moreMost claim delays start long before the loss. A few habits make the process much faster when you need it.
Insurers ask for proof. Invoices for equipment, stock counts, maintenance logs and photos of your premises all speed up an assessment. Store copies away from the business, in the cloud or at home, so a fire or break-in does not take your evidence with it.
Most policies require prompt notification. Waiting until you have every detail can count against you. Let your broker know as soon as something happens and send the paperwork as it comes.
Alarm activation, armed response, security gates and burglar bars are often warranties. If they are not in place or not working at the time of a theft, the claim can be reduced or declined. Check them every few months.
A business that has grown since the policy started may be underinsured. Average can then reduce the payout in proportion. Review values at every renewal.
This article is general information, not advice for your specific situation. Speak to a broker before changing your cover.
A policy is only useful if it pays out when you need it. Here is how to read yours with fresh eyes.
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Many rejected claims come down to the same handful of misunderstandings. Knowing them protects you.
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Cutting cover is not the only way to save. A careful review often finds money without adding risk.
Read moreSend us your schedule and we will tell you plainly what it does and does not cover.