Claim:  You are making a claim when you ask your insurance provider to repair, replace or reimburse you when something goes wrong. You usually put in an insurance claim by calling the company. They will ask you some questions, and then process your claim. They will check to see if it fits within your insurance contract, and if it does then they will approve your claim.
Excess:  When you claim on your insurance, you will have to pay an excess. The amount varies depending on your insurance contract. An excess is the contribution which you pay towards your insured loss costs, and your insurance company will pay the rest of the agreed amount.By increasing the amount of excess,you may reduce the cost of the insurance premium but you would need to be in a position to fund the excess if you suffered an insured loss.This is the where CLAIMYEXCESS steps in and can assist you in decision making when selecting the Excess amount for your insurance policy and the CLAIMYEXCESS reimbursement amount.
  • Our CLAIMYEXCESS reimburses your Home Insurance Excess, if a claim happens due to an accident and later followed by the successful settlement of a claim.

  • Once YOUR related lead/main insurance company settles the claim after deducting an Excess (which normally can be $250/$500/$1000 or more), at the absolute discretion of APPSOFT LTD and its terms and conditions, CLAIMYEXCESS cover pays You the deducted Excess for that risk - up to the arrived amount derived from YOUR risk selection ( stated in the Confirmation of Cover ‘CoC’ issued by Us).

House insurance

For most people, their assets such as commercial building, house, and apartment building is their most valuable asset. As a business owner you will naturally want to look after your property and business. It is the source of income for yourself and your employees. As with all types of insurance, you have choices depending on what types of insurance best suits your needs, and how much you are looking to pay for that insurance.

You can insure your house against sudden, unforeseen and accidental damage from all perils. Or you can insure it for certain defined perils like fire, theft, flood, storm or earthquake. You can also buy insurance that provides you with different Excess. Choosing higher excess can reduce the premium.

House insurance is often also known as home insurance.

Sum insured

Always make sure your Sum Insured cover is up to date

  • Under this policy, the insured and the insurance company agree on the sum insured, and the company agrees to rebuild or repair the house up to that limit, including all the fees involved, if it is totally destroyed.

  • It's important your home/property’s Sum Insured amount reflects the potential cost of rebuilding your home as accurately as possible. If your house/property is ever destroyed, your insurer will pay no more than the Sum Insured amount you'd previously agreed — even if the actual cost of rebuilding turns out to be more.

If you set the Sum Insured amount too high, you may be paying too much for your home/property insurance — if the cost of rebuilding turns out to be less than the Sum Insured, policies don't require insurers to pay more than the actual cost of rebuilding.

Check the rest of your policy schedule regularly :

  • You should always check this information to make sure it's correct and up-to-date. For example, if your home/property includes extensive retaining walls, you should check if these are noted on your Policy Schedule. Some policies no longer provide any level of cover for these features. In this case, you'll need to decide whether to purchase additional cover so your recreational features and/or retaining walls are protected.

  • If you have made improvements to your home since you took out or renewed your policy, you should inform your insurer and decide whether you need to increase your home's Sum Insured to reflect the improvements.
  • From time to time, your insurer may make adjustments to the excesses payable at claim time or introduce new excesses. It pays to consult an insurance broker to help you assess your requirements and the range of products and solutions that can help achieve the cover you need.

Property Insurance

Whether you're a small business owner or a Body Corporate, commercial property insurance can be complex.

  • natural disasters
  • fire, flood and accidental damage
  • breakdown in service machinery such as lifts and air-conditioning systems
  • loss of rental income
  • liability risks.

Insurance Broker can help you consider everything from setting Excesses to premium financing, competitive pricing, coverage, exclusivity and other added value benefits including amicable claim settlement when the unexpected happens.