When it comes to insurance, the first things that come to your head is the usual home and car insurance, and although it is necessary to acquire these, there are actually a lot of other protection services you need to think about, especially if you’re a business owner with a building.
First, let’s take a look at some of the weird and wonderful insurance choices there is out there, some serious, some not so much. One for sports fans, did you know there is a ‘hole-in-one prize’ insurance, for tournament owners to cover the cost of prize (usually a car or cash) if someone actually gets the winnings. To go alongside this, a lot of famous sports stars insure their body parts, with footballers such as Messi insuring his left leg & foot in the case that he gets injured and cannot play anymore, crazy right?
You probably hear a lot about terrorism insurance, and may be confused over whether or not it is optional. At the end of the day the answer is almost always, yes, but you should be considering it. Places like Deacon Insurance is where you need to go.
Take a look at the definition of terrorism and it may sound as if this is something that can never apply to your home. It can be tempting for a management company director, when considering renewal of their buildings insurance, to decline terrorism cover.
It may seem to be one of those extra costs that you could do without. After all, how could your block be at serious risk of being a target for terrorist attack? It’s not that simple, though.
There are a few things you need to think about when it comes to this kind of insurance. For example, Leases from the pre-1990s may not mention it specifically, but if there’s a requirement for comprehensive property insurance you could expect it to be covered. The buildings themselves may not be targeted, but individual residents could be at risk.
I live in a block of apartments myself, and i’ve never actually thought of it like this, so i’ll certainly be getting in touch with my landlords to see if this is something we can sign up to, or if they have us covered already. What are your thoughts?