×

POLICY QUOTATION FORM

Please fill out this form and we will get back to you as soon as possible!

SIGN IN YOUR ACCOUNT TO HAVE ACCESS TO DIFFERENT FEATURES

CREATE AN ACCOUNT FORGOT YOUR PASSWORD?

FORGOT YOUR DETAILS?

AAH, WAIT, I REMEMBER NOW!

CREATE ACCOUNT

ALREADY HAVE AN ACCOUNT?
QUESTIONS? CALL: +1-888-3698790
  • LOGIN
  • GET A QUOTE

IciCoverage New Site

  • HOME
  • ABOUT US
  • PRODUCTS & SERVICES
  • FAQ
  • BLOG
  • CONTACT US
  • Home
  • Blog
  • 5 steps that you should follow before getting insurance
26 February, 2021

BLOG & Gossip

5 steps that you should follow before getting insurance

by Desiree Colmenares / Monday, 22 February 2016 / Published in Blog

The type of insurance you get for your business is a big deal. When you think about the different policies, companies and coverage, sometimes it can get hard to make the right decision. Luckily for you, in International Container Insurance we´ve got your back! We have 5 great tips that you should consider before getting insurance.

  • What do you want to insure? Priorities are everything. There´s a million things that you might think are important for your financial and personal security. Organize yourself and take a deep look into what things are most valuable for you and the risks of not having the right insurance in the case of an unexpected event.
  • Get to know the vocabulary: Before even start considering any option, it´s a good idea to make a little research on the web about the most popular terms such as:
  • Coverage: The amount of risk or liability covered for an individual or entity by way of insurance Insurance coverage is issued by an insurer in the event of an unforeseen or unwanted occurrences. There are general different types of insurance coverage, such as auto or life or more exotic forms such as hole-in-one insurance.

 

  • Policy: A contractof insurance, describing the term, coverage, premiums and deductibles.

 

  • Premium: The specified amount of payment required periodically by an insurer to provide coverage under a given insurance plan for a defined period of time.

 

  • Insured Value: Amountfor which an insurance cover is bought on a building, and the basis on which insurance premium is computed. According to the coinsurance clause, it must not be lower than a certain percentage (usually 80 percent) of the insurable value of the building to be able to claim a partial loss in full.

 

  • What´s your budget? Think about your income and how much can you pay for insurance, in order to make sure you can fulfil the commitment.
  • Look for options: Your insurance company could be a big conglomerate or a specialized company (like us). But the most important thing is to make your homework and research about the history and background of the company, presence in the country and prices. Your insurance company must have a website and other communication channels 24/7.
  • Compare: We know that you will be tempted to choose the cheaper option of the market, but what we recommend you is to make a list of benefits and disadvantages of each option to make sure you are not losing anything.

Hopefully, after following these 5 simple steps you will have a clear idea of what you want. If container insurance is what you are looking for, then contact International Container Insurance professionals to get a quote. We also have a great FAQ section that you can consult if you still have doubts.

Sources:

http://www.investopedia.com/terms/u/umbrella-insurance-policy.asp

http://www.soyentrepreneur.com/29265-10-tips-para-elegir-un-seguro-de-vida.html

http://www.businessdictionary.com/definition/insured-value.html#ixzz40Qx2nCfP

 

0
Tagged under: Container Insurance, coverage, getting insurance, icicoverage, insurance coverage, intermodal, international container insurance, policies. insurance company, tips

About Desiree Colmenares

What you can read next

Misdeclared Cargo and packing failures are common cause of maritime accidents
SwissRe: Insurance sector to grow in 2017
Japanese insurance giant test blockchain certificates for shipping trade

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Cargo Insurance

    Cargo insurance basics: What is it? Do you need it?

    Every day, cargo valued in billions of dollars ...
  • Allianz starts ambitious climate change protection plan

    The Allianz Group is significantly expanding it...
  • Why is cargo insurance important: The Maersk Honam case

    By law, all shipping carriers are forced to off...
  • Robotics in the insurance industry: The Brightside case

    Robotics in the insurance industry is starting ...
  • Allianz Lanka is created after Allianz’ acquisition of Sri Lankan general insurance unit

    Allianz announced the creation of Allianz Insur...

ICI Twitter
icicoverageInternational Container Insurance@icicoverage·
15h

Simulation and training solutions specialist Wärtsilä Voyage has teamed up with rapidly growing Ocean Technologies Group (OTG) to offer a new level of smart learning technologies.
By @Splash_247
https://t.co/cGuvRoxd0P

Reply on TwitterRetweet on Twitter1Like on TwitterTwitter
icicoverageInternational Container Insurance@icicoverage·
15h

Cosco Shipping Specialized Carriers, a unit of Cosco Shipping Group, has announced plans to set up a joint venture with SAIC Anji Logistics, the shipping subsidiary of car maker SAIC Motor.
By @Splash_247
https://t.co/a0PYIN72cR

Reply on TwitterRetweet on Twitter1Like on TwitterTwitter
icicoverageInternational Container Insurance@icicoverage·
19h

Supramax rates have sky rocketed by more than 40% in the last week, crossing the $20,000 a day mark for the first time in a decade while handysizes have recorded 31 consecutive days of improving rates.
By @Splash_247
https://t.co/8B1vl40QZs

Reply on TwitterRetweet on Twitter2Like on Twitter2Twitter
icicoverageInternational Container Insurance@icicoverage·
21h

Sales efforts by industry heavyweight Cido Shipping are filling broker reports across the globe as it cuts its exposure to dry in two.
By @Splash_247
https://t.co/QzXf6n0e8B

Reply on TwitterRetweet on Twitter2Like on Twitter1Twitter
icicoverageInternational Container Insurance@icicoverage·
25 Feb

DEME Offshore has been awarded a contract by Belgium’s Parkwind for the engineering, procurement, construction and installation (EPCI) of the foundations at the Arcadis Ost I offshore wind farm.
By @Splash_247
https://t.co/39CAUtRsG7

Reply on TwitterRetweet on Twitter1Like on TwitterTwitter
Load More...

ICI Facebook

Unable to display Facebook posts.
Show error

Error: The user must be an administrator, editor, or moderator of the page in order to impersonate it. If the page business requires Two Factor Authentication, the user also needs to enable Two Factor Authentication.
Type: OAuthException
Code: 190
Subcode: 492
Please refer to our Error Message Reference.

Navigation

  • Home
  • About Us
  • Products & Services
  • FAQ
  • Press
  • Blog
  • Contact Us

NEWSLETTER SIGNUP

By subscribing to our mailing list you will always be update with the latest news from us.

INTERNATIONAL CONTAINER INSURANCE

Fidelis Management Inc., P.O. Box 711 Juris Building
Main Street, Charlestown, Nevis.

PHONE NUMBERS

  • +1-888-3698790
  • Home
  • About Us
  • Products & Services
  • FAQ
  • Press
  • Blog
  • Contact Us
  • GET SOCIAL
IciCoverage New Site

© 2017 All rights reserved. International Container Insurance.

TOP