How to Choose the Right Insurance Product Losses

How to Choose the Right Insurance Product Losses

There are several things to consider when determining a loss insurance product that will be used by yourself or the company where you work. Here are some tips on how to choose the right insurance product loss.

# Separate objects / goods based on economic calculations

Choose items that are considered necessary to be insured so you will not lose in the future. For example, if you want to take fire insurance for the house and its furniture, then there is no need to enter the computer and its accessories into account. This is because the value of recovery for computer companies is very low when compared to the value at the time of purchase or when the computer will be insured.

# Identify objects / items clearly

It is recommended to first identify the goods / objects to be insured. For example, in a garment factory with owned machinery, generators and other equipment still associated with factory production activities.

# Choose a reputable insurance company

Do not be easily fooled by offering low rate premiums from a particular insurance company. If you get fooled, then it is feared the insurance company can not complete the payment of claims at the time you filed a claim against the insurance company.

# Provide information / information clearly

It is advisable to provide very clear information about the object / item to be insured. In addition, find out more information about the insurance products offered. You can ask about the type of insurance, the premium rate, the extent of the guarantee, the amount of fees to be paid and the claim procedure.

# Good coverage of insurance coverage

We recommend that you choose the insurance that the most extensive guarantee before the insurance company issued a policy. For example, select cover all risks properties for property insurance, or cover all risks for motor vehicle insurance.

# Choose an insurance product package

It is advisable to choose one insurance package at a time rather than choosing one insurance product only, This way you will get better service and cutting facility.

# Select the First Loss Insurance system

If you have a subject with a very large value, it is recommended to use the system first loss insurance from the insurer. This is so that the premium you have to pay does not get too big.

# Adjustable Policy System

The amount or value of merchandise stock insurance will generally show different volumes every day and every month. To overcome this, you can choose an adjustable policy system so that you will pay a premium based on transactions or volumes that you have done.

# Thorough and ask

It is advisable to always peruse all policy statements and articles. You may also inquire about the complete claim procedure before agreeing to the issuance of an insurance policy. If there is a mistake in writing, it's good to immediately notify the insurer so that they will publish improvements to the policy.