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).
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.
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
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.
Whether you're a small business owner or a Body Corporate, commercial
property insurance can be complex.
fire, flood and accidental damage
breakdown in service machinery such as lifts and air-conditioning systems
loss of rental income
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.