Insurance Claims Management Services

Insurance is a necessity in any business. Insurance claim management services are involved in providing security to people in various aspects. The most important among all insurance claims services is building insurance claims. It is because that it takes a lifetime to build the house of your imaginings and the calamities are at all times unpredicted, for that reason it is better to protect the most valuable investment of your life with an insurance that promises to take care of your home. Insurance against fire, earthquake, theft, storm, lightning etc by the house owner for his building is called as Building insurance. The building is insured for a sum and the owner of the property is required to pay a premium installment for that insurance. If the building is damaged due to the aforesaid calamities, the insurance company pays the insured sum. There are various covers that are available in building insurance that customer can take in accordance to their requirements and suitability. The right building insurance provides a comprehensive cover to protect your home and the other belongings against natural calamity, or any other accidental circumstances.

There are a variety of different types of building insurance claims available. The settlement of any kind of insurance claim could take months, even years. There are a few things you can do to get faster your insurance claims. You can hire the services of some good and reputable insurance claim management services. Asprea is one of those insurance claim management services. It manages domestic building insurance claims. It is a part of Carillion plc, one of the world’s largest construction and service companies. It was formed to provide a dedicated service to Norwich Union, part of Aviva one of the world’s largest insurance providers. Asprea now deliver domestic building insurance claims through its network of offices based in six regional centers, Sheffield, Bromley, Manchester, Cardiff, Livingston and Peterborough.

Asprea insurance claim services ensure maintenance and repair to the building damage quickly, efficiently and to a very high standard. It also provides you with a substitute accommodation in case of the repairing of the house. The premium paid for domestic building insurance claims is very low and in case of any uncertainty the money is paid. Asprea covers all the home assets like permanent fixtures and fittings, wardrobe, interior decorations etc in domestic building insurance claim. Insuring home building can help customer in minimizing risk and stay in peace. First the insurance company does valuation of the building and then on that basis property is insured. In case of any uncertainty the insurance company pays for the insured amount to customer. The amount of the insurance claim may vary from one company to another. Customer can select Asprea as a reliable insurance claim management services that better covers their home and other possessions.

Landlord Insurance Offers Cover For The Owners Of Properties

Knowing the type and level of insurance cover to take out is important in any situation where cover is necessary. If you are a landlord, then taking out the correct landlord insurance policy for your property is essential.
Landlord insurance offers cover for the owners of properties who rent out their building to tenants so that they can make a profit. There are two main types of cover which can be taken out other than the basic landlord insurance policy; landlord building insurance, which protects the property itself and landlord contents insurance, which covers any property owned by the landlord which is kept in the property.
It is generally advised that landlords take out landlord building insurance as standard. This is essential not only for the protection of property against damage caused by vandalism, theft, flood or fire, but also against any possible damages which might be caused by tenants.
Landlord insurance is also used to protect landlords from personal injury claims made by tenants or visitors to the property who may have been injured in some way. There are other claims besides these which can be taken out against landlords, so it is advisable to take out some form of general liability policy. Defending against these claims can become particularly costly and can prevent the landlord from being able to run the property effectively, so it is a good idea to take out landlord building insurance, as this will also be of assistance in the event of a personal injury claim.
Landlord contents insurance is also highly advisable, as this will cover any effects which are kept in the property such as furniture or electrical appliances against theft or damage. Landlord contents insurance will provide cover against flood, fire, accidental damage and will secure the investment of your property. If the sum total of the property and the items inside are both taken into consideration, it would probably add up to a large amount. It is therefore a good idea to draw up a full inventory of all property prior to taking out an insurance policy as the type and level of cover needed can then be assessed accordingly.
Whatever the decision, it is important to find a trustworthy, reliable insurance company who will be able to offer a reasonable landlord insurance policy. Cheaper does not necessarily mean better, so it is advisable to do some background research into the companies which are being considered. First hand sources from customers are useful, as are reviews. Approval by the FSA or the Financial Services Authority is a must if the landlord wishes to be completely sure that of the legitimacy and dependability of the company they are working with.
Taking all these aspects into consideration can allow landlords to take a measured approach towards getting a landlord insurance policy. It is vital to take into account the property being rented out, and all the effects within are an investment, and in order to safeguard this, taking out the correct insurance policy is key.

Landlords Building & Content Insurance Information

Are you a first time buyer of landlords insurance? Best way to look out for several insurance policies related landlord and to obtain a best deal at an attractive cost is with the help of an expert broker. Understanding the terms of each of these policies is essential in order to know what all does these landlord insurance policies cover.

Remember, that in times of a calamity, if you are insured against landlord building and content insurance and you want to make a claim for the damage caused, you should have an inventory, a list of all the things that are missing or damaged in your house. It’s better to prepare them before hand, as you will not be in a position to recall all items at home, while you are stressed out. If possible, take a video of all the inventories at home, but if your inventory and video also gets damaged in the event, then, you will have to recall it yourself. So, keep your video tape or the inventory list in place other than your house, with this you can retrieve back your items if it goes in flames. A landlord building and content insurance covers your exterior part of the building and content covers items within your house.

Are you pondering over certain questions like these. Experts find answers to your queries:

Are tenants contents insured against landlord’s insurance policy?

Not at all. Landlord content insurance policy covers only the landlord’s items, contents that he owns and has offered a furnished building to a tenant. Any items other than the landlord’s in the house, will not be insured. Sofas, chairs, tables and other valuable items owned by the landlord which may be used by the tenant who’s living in this house will be insured, so damages to the landlord’s assets will be properly compensated. A tenant has to avail a different insurance to cover his own items.

Can I buy a normal insurance for a buy to let property?

As you are renting out your property to a tenant, it is considered commercial and will be covered under business insurance, rather than landlord building insurance and you become liable to this. The amount you get from your tenant may be less, but it is still considered as a business property. YOU have certain legal responsibilities towards your tenants in a way that you do not have for your own home.

A Comprehensive Guide To Listed Building Insurance

This would include adding anything, taking anything away, modifying the building in any way and so on – these buildings are an important part of our history and they are under the protection of the English Heritage Act. Currently there are more than three hundred thousand buildings that been deemed to be listed across the United Kingdom. If you have bought a property which is protected in this way then you will need to take out a specialist policy in order to insure yourself in the event of anything happening to it.

So what are the rules and regulations when it comes to defining one of these properties? The building pretty much only needs to be at least thirty years of age to qualify. If your property dates back to the 19th or 18th and even the 17th Century, the chances are that it will have been officially registered as listed. In addition, the building may well have some local or national historical significance which will necessitate its preservation. What is important to take into consideration is the question of whether or not some of the original structure still exists. If you are thinking of planning an extension or loft conversion then you have to ask your local authority for planning permission. Seek help from official sources if you are unsure whether you can embark upon any construction projects but, as mentioned, if your property is considered to be of architectural importance you cannot do too much to it.

The listed building register is operated and updated by English Heritage, with a comprehensive list of all listed buildings (and other things, such as the Abbey Road pedestrian crossing, which have been marked for preservation) available to view online. Grade I is the highest level and refers to buildings which are of exceptional interest, while Grade II* and Grade II are the second and third highest rankings – every building can differ in terms of what can be done to it, so check the register online and see if your building is in any way affected.

In this way you may need to take out a comprehensive listed building insurance policy. Other areas you will have to think about include if a period property catches fire or gets damaged in any way. This means the owner will have to, according to law, re-establish the actual site to its original condition, which may prove to be costly. On the other hand, if you are a property developer, you may need specialist JCT insurance that you should speak to a qualified expert about. There are several JCT insurance experts who can ensure you obtain the correct policy – it basically ensures that, if anything goes wrong during the renovation work, neither you or the contractor you hire to carry out the work will be liable to pay anything in terms of damages.

Home Insurance And Building Insurance Are Two Different Faces Of Coin

When you think to buy home insurance then there is a lot of confusion in choosing the appropriate plan according to the requirement. There are number of citizens who think that number of accidents will get covered in their insurance plan, whereas such accidents come under the cover of building insurance.

In actual the building insurance is only concerned with the longevity of the bricks and the mortar of your house’s walls, it does not cover the damage of your furniture, appliances or any thing which you are keeping inside your house. It is confined to the reconstruction costs which are due to some accidents like incurred fire and some natural calamity like floods, earthquake and landslide. The permanent fixtures such as fixed kitchen and bathroom fitting are also under the building insurance because these are the few areas which no one can take with them if they move out of their that house.

So it’s really very important to read all the small prints and the attics (*) in the offer form very carefully. If you have mortgaged your home then the building insurance will also be the part of your loan’s monthly installment.

The contents insurance policies should also cover the damage to the things which you keep in your house for livelihood or for your living. Such things are your furniture, bath fittings, cooking equipments, utensils and the gardening equipments should also be covered. In these policies the freezer cover is also covered. The cover should be provided for the damage against the floods or fire or due to theft.

At the same time your computer should also be covered, you must check or keep an eye on the situation and use your laptops and cameras away from your house even if the cover for the cameras and the laptops are included but one should not take any chance. Sometimes there is a great benefit in keeping the things away the insurer will ask you for the list of items lost then you can ask money or claim for these items also. But there are policies which do not cover the accidental damage so please check before you buy any house insurance policy from any insurance company or insurer.

So we suggest every citizens to keep their eyes open and clean your ear drum before you buy any home insurance policy because there are fake agents also in the market.

Agent Marketers – How to Find the Best One

When some one talk about getting an insurance agent the first question that comes to mind that do you really need one? In today’s age, convenience of internet does solve lots of problems and one of them is excessive insurance news and information over the web. Now you can get lots of insurance quotes from every insurer and get to know policies of every insurance company. You can choose what kind of insurance policy you want to go for. The best part of getting insurance information online is that you can personally research all the rules and regulation of every company in detail.

But that does not mean that the having all kind of information online simply takes you away from consulting an actual insurance agent. Most of us do want to sit with a person who not only represents its insurance company even but better also shares the experiences and information that you won’t find online. The insurance agents are the experts for practical implication of the rules, regulations and policies that you read online. The aspect of any agent marketer that you should be concerned about are there sales target. This factor does make every insurance agent a bit biased when it comes to suggesting the right insurance coverage policy for its customers.

On the other hand a real professional insurance agent would never jeopardize the customer’s interest just to meet the annual sales target. Every good agent marketer would try to make a professional impression on the client as they intend retain their customers for long term which give them more future business prospects. It’s obvious that a client who has walked in for a personal life insurance would also go for his spouse life coverage and children health coverage and probably home insurance too in the future. But you would only prefer to give the business to same insurance agent over and over if you only get a good deal.

Its big question, how to know that you actually got a very cheap insurance quote and you have also end up covering the most risks. You can only know that if you shop around. Obviously internet helps enormously in this case. It’s best to get all the information about insurance companies, get multiple quotes from different companies and also be updated about latest insurance news before going to any insurance agent.

When you have done your own research, then you are in a better position to actually judge which insurance agent is best for you. The first sign of good insurance agent would be that he or she listen to you first and completely understand what you need instead to explaining the company coverage policy in a marketing style. Secondly the right insurance agent also put lots options for you and most of the time gives you very better solution for what you have in mind. Further you can always ask your friends or relative for a reference as which policy are they using or which insurance agent did they go to. The bottom line is that you can only know that which agent marketer would be best for you if you have done your research properly.

A Beginner’s Guide to Insurance

Having the right kind of insurance is central to sound financial planning. Some of us may have some form of insurance but very few really understand what it is or why one must have it. For most Indians insurance is a form of investment or a superb tax saving avenue. Ask an average person about his/her investments and they will proudly mention an insurance product as part of their core investments. Of the approximately 5% of Indians that are insured the proportion of those adequately insured is much lower. Very few of the insured view insurance as purely that. There is perhaps no other financial product that has witnessed such rampant mis-selling at the hands of agents who are over enthusiastic in selling products linking insurance to investment earning them fat commissions.

What is Insurance?

Insurance is a way of spreading out significant financial risk of a person or business entity to a large group of individuals or business entities in the occurrence of an unfortunate event that is predefined. The cost of being insured is the monthly or annual compensation paid to the insurance company. In the purest form of insurance if the predefined event does not occur until the period specified the money paid as compensation is not retrieved. Insurance is effectively a means of spreading risk among a pool of people who are insured and lighten their financial burden in the event of a shock.

Insured and Insurer

When you seek protection against financial risk and make a contract with an insurance provider you become the insured and the insurance company becomes your insurer.

Sum assured

In Life Insurance this is the amount of money the insurer promises to pay when the insured dies before the predefined time. This does not include bonuses added in case of non-term insurance. In non-life insurance this guaranteed amount may be called as Insurance Cover.


For the protection against financial risk an insurer provides, the insured must pay compensation. This is known as premium. They may be paid annually, quarterly, monthly or as decided in the contract. Total amount of premiums paid is several times lesser than the insurance cover or it wouldn’t make much sense to seek insurance at all. Factors that determine premium are the cover, number of years for which insurance is sought, age of the insured (individual, vehicle, etc), to name a few.


The beneficiary who is specified by the insured to receive the sum assured and other benefits, if any is the nominee. In case of life insurance it must be another person apart from the insured.

Policy Term

The number of years you want protection for is the term of policy. Term is decided by the insured at the time of purchasing the insurance policy.


Certain insurance policies may offer additional features as add-ons apart from the actual cover. These can be availed by paying extra premiums. If those features were to be bought separately they would be more expensive. For instance you could add on a personal accident rider with your life insurance.

Surrender Value and Paid-up Value

If you want to exit a policy before its term ends you can discontinue it and take back your money. The amount the insurer will pay you in this instance is called the surrender value. The policy ceases to exist. Instead if you just stop paying the premiums mid way but do not withdraw money the amount is called as paid-up. At the term’s end the insurer pays you in proportion of the paid-up value.

Now that you know the terms this is how insurance works in plain words. An insurance company pools premiums from a large group of people who want to insure against a certain kind of loss. With the help of its actuaries the company comes up with statistical analysis of the probability of actual loss happening in a certain number of people and fixes premiums taking into account other factors as mentioned earlier. It works on the fact that not all insured will suffer loss at the same time and many may not suffer the loss at all within the time of contract.

Types of Insurance

Potentially any risk that can be quantified in terms of money can be insured. To protect loved ones from loss of income due to immature death one can have a life insurance policy. To protect yourself and your family against unforeseen medical expenses you can opt for a Mediclaim policy. To protect your vehicle against robbery or damage in accidents you can have a motor insurance policy. To protect your home against theft, damage due to fire, flood and other perils you can choose a home insurance.

Most popular insurance forms in India are life insurance, health insurance and motor insurance. Apart from these there are other forms as well which are discussed in brief in the following paragraphs. The insurance sector is regulated and monitored by IRDA (Insurance Regulatory and Development Authority).

Life Insurance

This form of insurance provides cover against financial risk in the event of premature death of the insured. There are 24 life insurance companies playing in this arena of which Life Insurance Corporation of India is a public sector company. There are several forms of life insurance policies the simplest form of which is term plan. The other complex policies are endowment plan, whole life plan, money back plan, ULIPs and annuities.

General Insurance

All other insurance policies besides Life Insurance fall under General Insurance. There are 24 general insurance companies in India of which 4 namely National Insurance Company Ltd, New India Assurance Company Ltd, Oriental Insurance Company Ltd and United India Insurance Company Ltd are in the public sector domain.

The biggest pie of non-life insurance in terms of premiums underwritten is shared by motor insurance followed by engineering insurance and health insurance. Other forms of insurance offered by companies in India are home insurance, travel insurance, personal accident insurance, and business insurance.

Buying Insurance

There are an umpteen number of policies to choose from. Because we cannot foresee our future and stop unpleasant things from happening, having an insurance cover is a necessity. But you need to choose carefully. Don’t simply go with what the agent tells you. Read policy documents to know what is covered, what features are offered and what events are excluded from being insured.

1. Know your Needs

Determine what asset or incident must be protected against loss/damage. Is it you life, health, vehicle, home? Next determine what kinds of damage or danger exactly would the assets be most probably be exposed to. This will tell you what features you should be looking for in a policy. Of course there will be losses which cannot be foreseen and the cost of dealing with them can be very high. For instance nobody can predict that they’ll never suffer from critical illnesses no matter if they’re perfectly healthy at present.

The biggest mistake while it comes to buying insurance, particularly life insurance is to view it as an investment. Clubbing insurance and investment in a single product is a poor idea. You lose out on both fronts because for the premiums you’re paying more cover could’ve been got in a term plan and if the premiums were invested in better instruments your returns could’ve been several times more.

Be wary of agents who want to talk you into buying unnecessary policies like child life insurance, credit card insurance, unemployment insurance and so on. Instead of buying separate insurance for specific assets or incidents look for policies that cover a host of possible events under the same cover. Whenever possible choose riders that make sense instead of buying them separately. Unless there is a fair chance of an event happening you do not need insurance for it. For instance unless you are very prone to accidents and disability due to your nature of work or other reasons you do not need an Accident Insurance policy. A good Life Insurance policy with accidental death rider or waiver of premium rider or a disability income rider will do the job.

2. Understand Product Features and Charges

The worst way of choosing an insurance product or insurer is to blindly follow the recommendation of an agent or a friend. The good way to do it is to shop around for products that suit your need and filter out the ones offering lower premiums for similar terms like age, amount of cover, etc. All details you need about the product features and charges will be provided on the company’s website. Many insurance policies can now be bought online. Buying online is smarter because premiums are lower due to elimination of agent fees. If buying offline in case of life insurance, tell the agent that you’re interested only in term insurance.

Before you sign on the contract make sure you have understood what items are covered and what items are exempted from the cover. It would be so devastating to learn in the event of damage or loss that the item you hoped to cover with the insurance was actually excluded. So many people rush to their insurers after being treated for diseases only to realize that the particular disease was excluded. Understand details like when the cover begins and ends and how claims can be filed and losses be reported.

Don’t choose an insurance company because your neighbourhood friend is their agent and never let them coax you into buying from them. Insurance premiums run for years and it means a sizeable amount of money. Apart from the premiums charged look for the service provided. When you are faced with a peril you want the claims collection processed to be complicated with non-cooperating staff in the insurance company’s office. Seek answers from people who have had previous experience with the company for questions like how customer friendly and responsive the company is when it comes to handling claims.

3. Evaluate and Upgrade in Time

As you walk from one life stage to another or when the asset insured changes your policies must be reviewed. Perhaps your cover will need to be increased (or decreased) or you’ll need to top it up with a rider. Some instances when you need to review your cover are when you getting married, when you have children, when your income increases your decreases substantially, when you’re buying a house/car and when you’re responsible for your ageing parents.