Archive for the ‘Uncategorized’ Category.
December 20, 2009, 6:03 pm
by: Christine Zafra
Rats surely are a big problem to home insurance. These rodents do gnaw on the wood finishing of the house, sometimes, making a certain part of the house hollow and unstable. They can even chew on cloth, wiring systems and of course, bring germs to all parts of your house. However, these are only small problems caused by rats. Some of them do bigger damages to houses. An 80 year old woman died when her house exploded due to gas leakage. Upon further investigation, it was found out that rodents gnawed on her gas piping that caused the explosion. It is sad to say that most insurance companies do not cover property damage (like deteriorating wall) due to rat infestation, however, fires caused by it might be covered—you just to find it out with your insurance company.
Photo taken from http://www.becomingdomestic.co.uk
November 22, 2009, 6:57 pm
by: Christine Zafra
Not quite. Thames Water, a local utility firm in UK has been offering people “free” insurance for the first three months of their subscription. Of course, you can be assured that the first three months are free, however, after the third month, what happens next? Well, a lot of complaints have been received that the company billed them for 2.82 pounds per month after the third month of subscription. There is nothing wrong with it, in fact, that was what written in the terms and conditions (that the first three months is free), however, a lot of people just wanted to have the free part and they don’t want to pay for the extra month. Thames Water automatically bills the person after the third month (considering that most subscribers will forget after the 3rd month that they have an active subscription), not unless they will cancel it.
Photo taken from http://www.ricotech.co.uk
October 29, 2009, 7:33 pm
by: Christine Zafra
When getting a new insurance policy for your personal belongings, make sure that you do not undervalue your things. You have to declare the true value of the objects found inside your home like expensive jewelry, china wares and others, because if hypothetically, it gets destroyed in a fire or gets stolen, your insurance company can cover the real value of it. You also have to invest on door locks and other security system so as not to keep the burglars coming back. Your windows and doors should have the proper locks because if the insurance catches you with a not so secure entry pathway, you might have a hard time claiming your lost belongings (in case of burglary).
Photo taken from http://www.dasecurity.co.uk
September 27, 2009, 7:06 pm
by: Christine Zafra
How will you not get fooled by insurance companies? That is the big question everyone has on their minds right now. Everyone is in a state of economic set-back and not all are open to the idea of splurging money on insurance policies that are not needed. But what do policy holders have to do so as not to expend on damages in their homes not covered by their policies? They have to make sure that their houses are maintained well. Repair damaged walls or parts of the house instantly because this will come out cheaper in the long run. Some insurance companies only cover those that are damaged by fire, storm etc. Also, for those who do not have insurances, you have to remember that if your house is situated in a flooded area, you will definitely have a hard time getting one.
Photo taken from http://www.galvininsurance.com
May 15, 2008, 5:51 pm
by: Christine Zafra
New Year comes (or any celebration for that matter) and so do fireworks. In fact, most households do not feel that New Year is in fact complete without lighting even a couple of fireworks. However, do you think people need to worry about getting insurance for their homes in case stray fireworks land on their porches? The truth is, some insurance policies cover bonfires and fireworks on their list. Some of them even cover third party liabilities in case someone got hurt when you lighted that firework. However, you have to read between the lines. Mentioning the word “some” means a lot. It means that not all insurance companies do cover such. You have to check with then if they do, but in case they don’t, and you don’t want to spend more on your insurance, all you can do is to stay safe.
Photo taken from http://static.howstuffworks.com
May 13, 2008, 5:29 pm
by: Christine Zafra
This is perhaps the most hilarious, not to mention unbelievable, incident that happened with regards to an insurance claim. Certain kids named Sarah and Devon Ruscoe has a home party. They indicated in their invitation that it was an “all welcome” party and they even had it announced over the radio. The problem was, there were a lot of gatecrashers—in fact, a total of 2,000 people gatecrashed the party, more than what the house could hold. Some of the parts of the house were damaged, and the parents of the children filed a claim. The insurance company said that they do not cover damages due to irresponsibility, however, if the child held a party without your knowledge, you have pretty high chances that you might be covered.
Photo taken from http://newsimg.bbc.co.uk
May 8, 2008, 4:50 pm
by: Christine Zafra
There was a flood last year in United Kingdom that ruined a lot of lives, making a lot of families miserable and homeless. Gerry Tyack, one of the founders of the Wellington Aviation Museum, felt devastated when the whole museum he built was destroyed by the flood. Although the building was not scathed, some of the memoirs in it were destroyed. The insurer of the building, NFU Mutual, paid a total of 60,000 pounds to replace everything inside. It was reported that insurance companies paid a total of 3 billion pounds for the settle claims. The losses for the uninsured totaled up to 2 billion pounds, making the homeless families live in caravans and temporary housing projects as of the moment.
Photo taken from http://www.buildingconservation.com
May 6, 2008, 4:09 pm
by: Christine Zafra
There are different kinds of home insurance policies now, giving the people the options of what will suit them best, not to mention, the budgetary constraints too. But the truth is, there is actually only one “kind” of insurance policy. This policy is actually the most basic of all policies which covers the most basic causes of home loss: fire and lighting. Some insurance companies do have add-ons that allow the insurance company to cover a much wider cause (such as burglary, earthquake etc.), but of course, the person has to pay the consequences of paying a much higher price.
Photo taken from http://realestatebuyandsell.net