Follow these guidelines to get the best coverage at the best price — and not get dropped by your insurer.
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Property Owners Insurance
Town & Country Insurance Services – Property Owners Insurance insurance-policies.co.uk
The choice of buy-to-let property insurance
Article by Financeimmo
Risk is an area often overlooked by owners, but not for the protection of the fundamental asset of your business, which often have a borrowing, protected against them can lead to ruin.Owners often unable to understand the types of insurance against risks that they do not realize that insurance coverage to purchase investments to allow very different to standard household insurance policies covering owner-occupied housing.Therefore advised landlords to seek services of specialised insurance companies catering to the buy-to-Let market.Basically, there are five categories of landlords insurance:-Buildings-Landlords Insurance-Content owners insurance-Ambulance-Legal expenses insurance-Rent guarantee insuranceLandlords Insurance buildingsThese are the major policies and generally provide coverage for a number of hazards, including fire, flood, burst pipes, malicious damage and liability of the owner.Value policies of quasi each validation as perils coverage may vary. Other issues will need to know the amount the insurance company pays in case damage occurs. Categories of tenants (sahat perception student renting also felt highly at risk) and consent to mortgage recovery from a failure to obtain consent from your insurance is cancelled in case of claim.The contents of the builders of the insuranceMany landlords insurance specialists will offer the possibility of full or restricted contents insurance.Limited content policies designed for properties that are let unfurnished or some proof. A standard policy will provide cover up to £ 5000 for items such as curtains, carpets, white goods and light fixtures. Most policies also provide liability coverage Beys and employers in relation to those products.Accountability is important, for example, the number of personal injury claims relating to the contents of the astonishing rate has increased since the 1990s awards £ 100,000 are not uncommon.The full content of the policy is a fully furnished properties or restricted content, which will cost more than £ 5,000 to replace. When applying for a full contents insurance, make sure that you appreciate the content to cover the cost to replace them, against the actual value that you think that they deserve.Emergency AidCover the General characteristics of the accident, as if the supply of electricity and cooking facilities, plumbing problems, leaking roofs and gutters and damage to doors and Windows.Typical policies provide that parts and work up to a specified cost, together with a 24-hour helpline number to call.This type of insurance is best suited for owners who do not live near their property and do not have their contract management agent to provide this service.It should also be noted that these policies cover the emergency call from your account only and are not the subject of a patch or through the service due to the lack of routine maintenance is required.Legal expenses insuranceCan always be problems with tenants and in many cases, it is a change in personal circumstances such as job loss, accident or illness affecting tenants ‘ ability to pay the rent or find property correctly.Completion of such a situation will typically involve the legal fees are expensive, sometimes running into thousands of pounds and legal expenses insurance is usually recommended.Rent guarantee insurancePolicies ensure that rent has received personal or tenants ‘ ability to pay. These policies are most useful, üürileandjad, who is a mortgage loan assets and service based on the rental yield. Policies will often the rental of six or twelve months.
About the Author
Finance Immo is a brokerage firm in tax exemption and financing, specializing in assurance and provide pret immobilier, crédit immobilier, prêt immobilier, assurance credit, assurance pret, assurance prêt services.
Supply Chain Risk Study: Natural Disaster in China Could Impact Global Economy and Pose Greater Threat than Japan Earthquake and Tsunami
Supply Chain Risk Study: Natural Disaster in China Could Impact Global Economy and Pose Greater Threat than Japan Earthquake and Tsunami
Johnston, R.I. (PRWEB) December 06, 2011
The FM Global Supply Chain Risk Study, released today, surveyed 100 financial executives at large multinational corporations. It shows there is significant concern among companies for the potential of natural disaster-related supply chain disruptions in China, along with a growing acceptance that firms must be more diligent in addressing their exposures in the region.
“A secure and resilient supply chain creates a competitive advantage,” says Ken Davey, senior vice president, FM Global. “Delivering products and services when others can’t results in satisfied customers and opportunities to secure new ones. A fragile supply chain is clearly a competitive disadvantage if a disruption occurs.”
China is exposed to significant natural threats, including earthquakes, windstorms, floods and tsunamis. The FM Global study underscores the fact that supply chains in the region are more likely to face business disruption by a natural disaster, particularly because China has not yet fully embraced many of the risk management practices followed in Europe and the United States.
The research uncovered the following:
Twice as many companies surveyed (86 percent versus 43 percent) say they are more reliant on China as part of their supply chain for their key product lines than they are on Japan (see chart).
Eighty-three percent of companies surveyed consider supply chain disruption a moderate to great risk (see chart).
Ninety-five percent of companies reliant on China for their supply chain are concerned about natural disaster-related disruptions (see chart).
Sixty-five percent of companies surveyed are considering “increasing collaboration with suppliers on mitigating risk at their locations (see chart).”
“The findings of the FM Global Supply Chain Risk Study should be a wake-up call for companies that have substantial investment and dependency on supply chains in China,” says Vinod Singhal, Brady Family Professor of Operations Management at the Georgia Institute of Technology’s College of Management. “A natural disaster-related supply chain disruption in China would have far-reaching and long-lasting negative economic impact. It would slow down the global economy because China is not only a major exporter of goods, but also a major importer of goods. It would cause shortages in many consumer and industrial products that could lead to inflation and devastate the share price of companies.”
Dr. Howard Kunreuther, the James G. Dinan Professor of Decision Sciences and Public Policy at The Wharton School of the University of Pennsylvania, adds “The findings in this report point to how interdependent risks can have severe financial consequences in global supply chains. Firms need to undertake proactive measures, such as finding several sources of supply so that they are not dependent on one company that may be adversely affected by a natural disaster. There needs to be a realization that the process of developing a resilient supply chain takes time.”
FM Global recommends businesses ask four simple, but often overlooked, questions when looking at their organization’s resiliency, especially when it has, or could have, a critical reliance in emerging markets such as China:
1. Does your senior management view resiliency as a competitive advantage and has it made the necessary commitment to addressing supply chain risk?
2. Has your organization examined how it can mitigate risk within its product design and manufacturing processes?
3. How well does your company collaborate with its suppliers to assess and mitigate risk?
4. Does your corporation have appropriate business continuity and disaster recovery plans in place for supply chain disruptions in emerging markets, such as China?
FM Global commissioned TNS, a global market research firm, to conduct the study. One hundred financial executives (chief financial officers, treasurers and senior vice presidents of finance or financial officers at higher levels) from large global corporations (more than US$ 1 billion in sales) headquartered in North America were interviewed by phone between July and September 2011.
For an executive summary of the study findings, visit http://www.fmglobal.com/riskstudy.
About FM Global
For more than 175 years, many of the world’s largest organizations have turned to FM Global (http://www.fmglobal.com) to develop cost-effective property insurance and engineering solutions to protect their business operations from fire, natural disasters and other types of property risk. With clients in more than 130 countries, FM Global ranks #570 among FORTUNE magazine’s largest companies in America and is rated A+ (Superior) by A.M. Best and AA (Very Strong) by Fitch Ratings. The company has been named “Best Property Insurer in the World” by Euromoney magazine, “Best Global Property Insurer” by Global Finance magazine and was voted “Best Commercial Property Insurer” in Business Insurance’s 2010 annual Readers Choice Awards.
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