Buildings and Contents: Finding the Right Insurance

2007-03-08 10:33:40

( Insurance )



All companies invest in their buildings and contents to make the business worthwhile for them, for their employees, and their clients. This is the reason why buildings and contents insurance is an important step to protect the assets of the company.

Buildings and contents insurance is by far the only way to secure your company's property. Many buildings insurance cover against fire and theft. However, many companies have started offering coverages against acts of nature such as flood, hurricane, typhoons and earthquake.

Finding the Right One
Different insurance companies vary in their insurance offerings for your buildings and contents. Thus, prices also vary. It will be a wise move to get as many price quotes from insurance companies as possible. Quotations are normally free of charge and may be requested through wire (fax) or online.

When you have enough quotes to compare, trim down your choices until you are down with the one best coverage that fits your needs. In so doing, it will also be important to study the background of the insurance company. The more stable the insurance company is, the better chance it can protect your own company in a long-term basis. While there are new yet promising insurance companies around, it is wiser to play things safely and have your valuables covered by a trusted buildings and contents insurance company.

Money Matters
The costs of your coverage depends heavily on the value you are putting in insurance. Therefore, if you have high-valued buildings and contents, you may be required to pay higher fees than someone who is insuring a simpler home and contents.

Oftentimes, payments are done monthly. However, some companies who would like to save opt to pay their dues quarterly or even annually. Doing so brings the costs down, and ensures that the payment will not be overlooked.


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