How to protect an asset?

An asset is always subject to some perils which can be man-made or not. There isn’t much one can do to keep an asset away from all dangers. But there is one way by which assets can be protected and that is by having asset insurance in India. Asset insurance in India provides cover against several risks regardless of them being natural or man-made. The most common things asset insurance provide cover against are, fire, theft and some weather damage. Asset insurance is not necessary just to cover asset’s damage but it also provides stability to the business in case of any damage to the asset. Asset insurance is a need for any business or personal asset such as building, machinery, etc.

How asset insurance in India helps?

Asset insurance in India can help in many ways. First of all, it provides cover against some open perils or named perils. Causes which are not specifically excluded are covered under open perils. Open perils policies commonly exclude damage from earthquakes, floods, war or act of terrorism. Whereas asset insurance in India which are based on named perils requires the exact cause of damage mentioned in policy terms. The common named perils are the damage caused by fire, lightning, explosion, and theft. These policy acquisitions also help in getting tax rebates. At expert insurance, we have a wide range of insurance policies and we provide life, health, car, maternity, travel, and asset insurance in India. We offer our suggestions and guidance to our customers so that we can serve them in the best way possible. With our experience, we can say that asset insurance is very important for any organization.

Things you should also know

Every insurance has its own identity and importance, this is the case with asset insurance in India also. But unlike other insurance policies asset insurance provides cover against natural calamities (If they are in the policy terms). While most of the insurance covers living beings from any harm asset insurance protects non-living things. Some assets insurance also protects intangible assets. It is very important to buy any insurance only after doing good research or you can seek expert guidance for that. We believe in providing a hassle-free experience to our customers and constantly work to make their process much easier. It is very important to read all the terms of the policy carefully. Also giving false information can cause disputes at the time of claim settlement.