Insurance Information

We are often asked why we encourage commercial building owners to get valuations every two years. Many owners see this as an additional cost that they do not need to have. However, given that the main reason for having insurance is to protect the owner from the big event then it is really important to make sure that your policy covers you for the full replacement of your building. 

During the last two years there has been some large increases in building replacement costs because of the rise in labour, compliance and material costs.

According to John

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A light hearted one to kick of the insurance information blog:

Here are a few funny insurance claims that brokers around the world have received - hope these unfortunate accidents never happen to you.

The Bazza humor archive have some good ones as compiled by the Insurance Information and Statistics Center (CDIA) in Paris:

– “I admit I went through the intersection without looking to see if anyone
was crossing, but I had gone through the same intersection less than an hour
before and no one was there.”
– “I am planning to lend my car to someone who doesn’t know how to drive,
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Adipex online

With the Federal Reserve bailing out the largest insurance company in the world with a takeover of 80% AIG’s assets for approximately 10% of the true asset value of the company then there must be some confidence for all current AIG policy holders, agents and brokers who have business insured with the company and all employees of AIG. Although AIG would have us believe it was not a bailout (as can be seen below in the comments from AIG’s New Zealand Chief Executive, Rob Ryan)

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