total jobs On FinancialServicesCrossing

103,347

new jobs this week On EmploymentCrossing

677

total jobs on EmploymentCrossing network available to our members

1,474,731

job type count

On FinancialServicesCrossing

Earthquake Insurance

0 Views
What do you think about this article? Rate it using the stars above and let us know what you think in the comments below.
Summary: We never know what the providence has in store for us. The best thing we humans can do is to remain prepared against any natural disasters or untoward incidents.

We never know what the providence has in store for us. The best thing we humans can do is to remain prepared against any natural disasters or untoward incidents. Nowadays, insurance provides financial protection against losses for persons or businesses. Over the years, the domain has expanded to encompass almost every type of disaster that is of common occurrence on earth. Earthquake insurance is one such policy that covers one from losses incurred due to a cataclysmic earthquake or any earth movement such as mudflow, landslide, mudslide or sinkhole that involves the sinking, rising or shifting of earth. But it excludes losses incurred due to floods and tidal waves - even if the disaster had been compounded by an earthquake. An important thing one should realize is that earthquake insurance is not a part of the homeowner and tenant insurance policies. Instead, it is a different deal altogether that one needs to subscribe separately. Earthquake insurance - unlike other homeowner polices - mainly covers major losses. The claim is usually paid after accounting for all deductibles, which in the general case falls between 10% and 25%. Given the present trend, the deductibles are on a spiral up the scale. The payment structure works much like the auto insurance. The damage that exceeds the deductibles is only paid. Some policies take in to account, the structure and contents as different entities. In such cases, the deductible applies separately to the total losses on structure, of contents and the damage occurred to external structures like sheds, garages, retaining walls or driveways. Some insurance providers put forward stringent requirements before issuing a policy - they insist on an inspection of one's property before signing the deal. For example, many insurance companies require that one's home is securely bolted to the basement. The inspection also considers bracing on interior walls, the manner in which shelves are fixed and the way strapping guards are used to hold fixtures. But these are no big revamp and won't be expensive. Ideally, the prospective customers should get their side clear before inviting the insurance company inspection team to the house. Once an earthquake occurs, no more earthquake insurance policies will be issued until the declared moratorium expires; that is after the chance for further damaging aftershocks has lingered. After the damage has occurred, it is very important to make the claim, supported with all the required documents, in a definite period of time as mandated by the company's terms and conditions. Not reporting in the stipulated time is valid grounds for the insurance company to reject one's claim for insurance. Consumers should consider their requirements and circumstances before applying for earthquake insurance. Sometimes, it can be argued that his/her house is situated in a low risk area. But it is always better to be in a safer side with one's home. After all, our homes are our biggest assets.
If this article has helped you in some way, will you say thanks by sharing it through a share, like, a link, or an email to someone you think would appreciate the reference.



EmploymentCrossing is great because it brings all of the jobs to one site. You don't have to go all over the place to find jobs.
Kim Bennett - Iowa,
  • All we do is research jobs.
  • Our team of researchers, programmers, and analysts find you jobs from over 1,000 career pages and other sources
  • Our members get more interviews and jobs than people who use "public job boards"
Shoot for the moon. Even if you miss it, you will land among the stars.
FinancialServicesCrossing - #1 Job Aggregation and Private Job-Opening Research Service — The Most Quality Jobs Anywhere
FinancialServicesCrossing is the first job consolidation service in the employment industry to seek to include every job that exists in the world.
Copyright © 2024 FinancialServicesCrossing - All rights reserved. 169