Insurance Policies For Home, Recreation, Travel & More – The insurance blog

Insurance Policies For Home, Recreation, Travel & More

We’ve all got plans for the holidays and winter season: trips to take, winter activities to try, and the everyday to-do lists that don’t stop just because the cold weather has arrived. But difficult conditions have a way of causing plans to go awry or causing damage that we just didn’t expect. Here are some of the extra insurance protections you should consider purchasing this season, in case things don’t go exactly the way you planned.

Snowmobile insurance: Getting out on your snowmobile is one of the highlights of the winter season, but it can be dangerous. You should always wear protective gear and follow laws and guidelines regarding speed and safety. Some states require snowmobilers to be registered, have a trail permit, carry insurance, or all three. But even if it’s not required, snowmobile insurance is always a smart idea. Much like automobile insurance, snowmobile insurance will protect you from liability or damage to your vehicle in the event of an accident, or if your sled is damaged due to other covered perils.RELATED POSTS

Winter sports insurance: If you’re planning to travel for winter recreation such as skiing or snowboarding, winter sports insurance might be right for you. Whether you’re taking a single family trip to a ski resort or multiple trips to get your winter sports fix, you’ll be glad you have winter sports insurance if anything goes wrong. This type of policy can cover damaged equipment, lost or stolen ski passes, and even medical emergencies.

Travel insurance: Travel insurance is a good idea no matter what the season, but winter travel insurance can be especially helpful when the weather can be unpredictable and cause so many obstacles. Depending on the policy you go with, travel insurance may cover emergency medical events, cancelled flights, and lost or stolen luggage.

Winter car insurance: There are two reasons you might want to look into additional coverage for your car during the wintertime. One, if you live in an area that gets extreme weather, it’s not a bad idea to add comprehensive and collision coverage to your policy if you don’t already have it. If you slide off the road or if somebody else hits your car, you’ll be covered. Two, if you have a car that goes into storage for the winter, you might also consider adding comprehensive coverage. This will kick in if any damage occurs to the vehicle as a result of fire, theft, etc. Remember, if you decide to let your liability coverage go while your summer ride is in storage, you shouldn’t drive it under any circumstances.

Winter homeowner’s insurance: Make sure your home is winterized and in good shape before the cold weather hits. The other thing you should do is to double check your homeowner’s insurance policy to make sure you understand which winter hazards are and are not covered, and what other exclusions apply. For example, your policy may cover damage caused by frozen pipes, but not if you failed to maintain them properly. In addition, you may have to purchase additional coverage for damage caused by hail, wind or other winter weather hazards.

Essential coverage in business insurance contracts

In addition to the coverage against meteorological phenomena, among the basic coverage that should be included in any business multi-risk insurance are:

Fire 

This coverage guarantees the repair or replacement of insured property damaged or destroyed in a fire, or derived from the presence of fire in the insured facilities, including extinction and salvage expenses.

Water damage

With this type of insurance coverage for businesses , the repair and replacement of elements affected by the accidental leakage of water in the facilities themselves, or in adjoining properties, as well as the claim in the event that the loss is produced by the latter are guaranteed. .

Electrical damage

It covers damage caused by overvoltages in the electrical network in its own installations, both fixed and in equipment and machinery, guaranteeing the repair or replacement of the equipment as appropriate.

Theft and plunder

It is an essential coverage within a business multi-risk insurance , and it serves both to repair the damage and damage caused in the search for loot, as well as to guarantee compensation for what has disappeared.

Within the coverage of business insurance there is also an employee infidelity insurance , in such a way that if a worker misappropriates documents, merchandise or cash, the loss is also reduced with financial compensation that will depend on the clauses and conditions of each contract.

In addition, theft usually contemplates that if a robbery is suffered outside the facilities when the company’s funds are being transported, that loss is fully or partially covered with compensation.

Civil liability

The business development has a number of potential risks that can be found even the best professional, «because no one is free to have a bad day and make a mistake that harms third parties directly more or less serious» and to whose consequences will have to respond financially or even judicially.RELATED POSTS

For this reason, within business insurance , there are different types of liability insurance:

 First of all, we find exploitation civil liability insurance , designed to respond to third parties against incidents and non-contractual claims, that is, not related to breaches of contracts, or provision of services themselves that may be presented against the insured business.

 For example, food poisoning occurs in a restaurant by involuntarily serving spoiled products, and affected customers file a lawsuit.

There are also employer civil liability insurance , to respond to accidents and mishaps that business employees may suffer in their work activity and whose responsibility is attributable to the company, such as in the case of deterioration or breakdown in the facilities, with consequences of injury or death of a worker.

Leasehold civil liability , with which you can respond to the claims of the owner of the industrial premises, warehouse or workshop in which an activity is carried out as a tenant.

Legal protection

It is another important insurance coverage for businesses , since with it the interests of the insured company can be supported with legal defense services against administrative files, claims to suppliers, and other contingencies of a legal nature.

This service usually also includes the possibility of making inquiries through telephone legal advice .

Once you already have basic guarantees, business insurance allows you to expand the possibilities of risks and guarantees depending on your needs.

Other coverage and guarantees of insurance for companies and businesses

Guarantee of a capital for loss of profits

It is used to receive a daily amount, or a lump sum in the event that the business facilities are temporarily unusable due to an accident covered by insurance, such as in the event of a fire or explosion.

Machinery breakdown insurance

It is an additional coverage to adapt business insurance to the needs of the specific activity. Its purpose is to expand the covered mishaps of the equipment and machinery to include the breakdown of these devices and generally contemplate a certain franchise from which the cost of repairs begins to be covered.

Deterioration of refrigerated goods

It is a very important coverage within insurance for businesses in some sectors such as pharmaceuticals, laboratories or the food industry, because it guarantees financial compensation in the event that, due to a failure in the refrigeration system, goods stored in refrigerators are damaged.

24 hour assistance

With this service, various technicians can be requested to attend to emergencies, repair damage due to a covered claim or request specific services in facilities with better conditions in terms of labor and travel costs.

Breakage of windows, glass, mirrors and sanitary ware

It is a guarantee to cover breakage of glass, mirrors, sanitary ware, and even stone and marble coatings.

In addition to all the coverages that a business multi-risk insurance can include , in many sectors of activity, it is mandatory for companies to take out life and disability insurance for employees , due to requirements in collective agreements.