With our former Novum, we already mentioned the importance of an appraisal report. With the said report, AIC will convert an Open Policy to a valued policy.
With our former Novum, we already mentioned the importance of an appraisal report. With the said report, AIC will convert an Open Policy to a valued policy.
Fire insurances are open policies, in short, the client says for which amount he wants to ensure his property and the insurer has the right, and will surely use that right to prove, in case of claims, that client is underinsured. Or in other words, the insurer will do everything to minimize the claim.
Business Interruption Insurance is also called Loss of Income Policy. In the previous Novum (News) we have explained the importance of this unique insurance policy. More accurate with regards to the total sum of annual fix expenses and net profit.
For many companies, fire prevention comes at the bottom of their list. Entrepreneurs and big corporations prefer to believe that fire always happens to their neighbor and NEVER happens to them. But if your company will be on fire by negligence, perhaps you will pull your hairs, then you will realize that with a relatively small investment you could have avoided a lot of mess. We advise you to pay attention to security advice.
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As per Circular letter 6-2010 from the Insurance Commission regarding the guidelines on the issuance of the Certificate of Cover for all motor vehicles, a Memorandum of Agreement was executed among the Insurance Commission, LTO and BIR (Bureau of Internal Revenue) to see to it that all issued Certificate of Cover for the TPL policy is dully registered and that all taxes due in relation thereto are paid correctly and promptly through system interconnectivity and information sharing.
Since a few weeks, again a gang of criminals is operating in the area of Barrio Barretto, Manila, and Angeles City.
Their method is simple and fast. The offender checks in at the prospect hotel and pay room rate in advance. He/she keeps on hanging around, after observing which rooms could easily be entered by forcing the (mostly) light doors or windows lock. As soon as the real tenant leaves the room the offender makes hi/her move.