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 Insurance Talk V5!, Anything and everything about Insurance

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rocketm
post Jan 2 2019, 06:37 PM

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Hi,

May I know what are the few reliable fire insurance plan for Shop (cover building and stock for ground floor and 1st floor) and household (terrace house)?

Thank you.
rocketm
post Jan 8 2019, 10:06 AM

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QUOTE(JIUHWEI @ Jan 7 2019, 08:22 PM)
Yes there is.
What is the nature of business for the shop?

Different insurers have their focus areas but normal retail outlets and/or restaurants and offices are pretty standard.
*
Hi, thanks for your reply.

The company is doing service car air conditioning and selling car care products like engine oil, lubricants, car battery, remote battery, car plate number, car player, car bulb, etc. We do not own a workshop. Just typical shop where customer park their car in the parking lots then we help them to do service air cond but not service car (changing motor oil, etc).

We keep our stock for sell in ground floor and upper floor is to keep excess stock. It is located in normal shop lot but not commercial shop.

Can you let me know the insurance plan and estimate premium and coverage?
rocketm
post Aug 19 2019, 11:29 AM

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Hi,

I have one question about insurance claim:

May I know does the money receive from insurance claim for few similar insurance from either the same insurance company or different company will be averaged or the claim will be processed as each insurance and pay to the policyholder/beneficiary in lump sum?

Same type of insurance means the policyholder purchased few different package of (1)medical insurances/(2)life/ (3)critical illness?
rocketm
post Aug 19 2019, 12:18 PM

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QUOTE(JIUHWEI @ Aug 19 2019, 12:42 PM)
For medical insurance, it is based on the total hospital bill.
Let's say you have 2 medical policies: 1 from N years ago, 1 from recent years.
The old one may have a very low amount, and the relatively new one has more.
So let's say we exhaust the first one, the balance amount can be claimed from the second one.
Lidat lah.

For life insurance, however many policies you buy, each policy will have to pay whatever the sum assured is.
Let's say you also have 2 life policies: 1 very low amount, 1 higher amount.
Once fulfill the provisions in the policy, both will pay whatever amount of sum assured stated, as described by ckdenion^^^  thumbup.gif
Lidat lah. Same goes for PA policies and CI policies.

Is there a scenario that we may have overlooked?
*
Thank you JiuhWei and ckdenion explanation.

Both of you have explained my question.

Appreciate it.

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