It is possible to purchase insurance for just about anything that you own. And, while the things that you own May not always get stolen or destroyed by bad weather, there are some risks involved in every item, no matter how large or small. Furniture is one of those items which can often get damaged by all kinds of different dangers. Whether it is water damage caused by a leaky roof or mould caused by torrential rain, your furniture can be at risk when the climate in your area changes dramatically. In this blog i will tell you about some best furniture insurance policies.
What does furniture insurance cover?
Furniture is one of those items which can often get damaged by all kinds of different dangers. Whether it is water damage caused by a leaky roof or mould caused by torrential rain, your furniture can be at risk when the climate in your area changes dramatically. When this happens you can usually make a claim against your home and contents plan if you have enough money tied up in these items.
Home Insurance companies have standard policy which are offered to the masses. All the same, you can upgrade your policies by adding furniture insurance policies protection if your home is full of lovely pieces or antiques. This could be a brilliant idea if you spent a lot of money on your furniture and don’t want it damaged by water leaks or mouldy conditions. If you aren’t sure what kind of trouble your house might run into, then speak with an independent broker about this issue. They will be able to advise you on whether or not to take out extra insurance for any incidents that may occur during the year.
Not only is this a danger to your regular furniture, but also your garden furniture as well! What could be worse than spending your time and money on creating the perfect place for you and your family to relax in the great outdoors? If it gets damaged by something like bad weather or water related incidents then you will need to think about protecting it with insurance policies too.
Your home insurance provider may already offer additional protection against ponding which can occur at different times of year. However, you might not be covered if flooding does take place because this kind of incident usually happens during hurricanes or tropical storms. When this happens there is little that anyone can do except hope that the storm goes past without causing too much damage to homes and gardens.
You also need to think carefully about protecting your garden furniture at all times too. A lot of people really enjoy having their own personal place to relax and unwind in the great outdoors. However, if you actually own a garden, then there is always a risk that your outdoor furniture could get damaged by bad weather too. With this in mind, insurance policies may be adding extra protection for this kind of furniture as well as items that stay indoors.
There are many other types of damage that may occur when discussing insurance policies for furniture as well as its contents. When you begin to look into insurance policies for your home and contents at large you will find out just how much money you can save if you protect every item with one single plan instead of two or three separate policies. You can take advantage of this great idea today and speak with specialist broker about the different options available to you.
Disasters such as a flood can damage your furniture at any time, and many people do not realise that this is covered by their home insurance policies. In order to find out exactly what you are covered for simply speak with a reputable broker or insurance company about your household contents plan and if it covers flooding.
If you have found out that your insurance policies doesn’t cover flooding then it may be wise to think about garden furniture insurance policies which can help protect your items against all types of weather and water related incidents. There are many different packages available to you, but make sure that the policy is cheap and simple before signing up for one.
You will also need to find a good insurer who offers great customer service and reliable payment plans too. By protecting every little bit of furniture in your home with one small policy instead of separate ones for each piece, you will end up saving yourself money as well as time when disaster strikes or things go wrong during accidents such as floods or other water related incidents.
As we move into a better and newer world, there are certain things that we should take care of. One of the most important items in our household is furniture or other such objects that add glamour to our house. Though they add beauty to the houses, these things also add up to the financial burden if something were to go wrong with them. That is why you need the best furniture insurance policies in the world so your loss does not affect you too much financially.
Here are some top furniture insurance policies in the world:
Best Furniture Insurance Policies
With so many types of furnitures being sold these days, one should consider buying best insurance policies for furnitures that will take care of his or her investment—the kind that will pay back in times of need. It is thus important to know what would be the best furniture insurance policies you should get.
1) The Ten Year Furniture Protection Plan
This plan will cover any damages done to your home’s furniture which was not caused by theft or vandalism. It will also cover any exterior damages like weather damage or accidents caused by moving trucks. This plan includes all types of damage except for normal wear and tear like nicks and scratches on wood surfaces. When this happens, you still pay a deductible but it is only $50 rather than the usual $500. This policy will cover any type of damage up to a total value of $10,000.
2) Norwich Union Insurance Group
Norwich Union is a large British company that conducts business in the field of insurance and related products. It started out in 1797 as an agency for local brokers primarily in East Anglia and has since grown to become a major insurance provider in the UK. The Norwich Union Group was acquired by Aviva plc, headquartered in London, United Kingdom in 2008. In 2013, it had over 5 million customers across the United Kingdom and insures its household furniture through Norwich Union Insurance UK.
3) Liberty Mutual Group
Headquartered in Boston, Massachusetts, USA, Liberty Mutual is one of the largest property and casualty insurance groups in terms of net written premium. It was founded by Henry Baldwin Hyde in 1912 and initially engaged in marine underwriting. Today, it has expanded to provide commercial and personal insurance products and services to more than 53 million households across the United States. The company provides a 5-year guarantee on its household furniture coverages offered through Liberty Mutual Insurance (US).
4) Allianz Insurance Group
Founded in Berlin, Germany during 1890 by Carl Thieme, Allianz SE is considered as one of the leading companies that provide financial services in the world today. It has diversified operations which includes retailing, life insurance, asset management, commercial and corporate insurance as well as other financial services. Allianz Insurance Company (Deutschland) was founded in 1976 and handles household furniture insurance policies for houses across Germany.
5) AIG Insurance Group
American International Group or AIG is another leading multinational company that deals primarily with financial services. It provides a range of products to its customers including property-casualty insurance products through various subsidiaries around the world like Fireman’s Fund Insurance Company that offers homeowners’ furniture coverage. Based in New York City, USA, AIG is one of the largest companies listed on NYSE and was ranked 43rd on Fortune 500 in 2014.
6) Ageas Insurance Group
One of the largest companies that provide financial services to people in both Belgium and South Africa, Ageas is a large conglomerate group currently chaired by Antoine Verschuren. The company’s broad range of products includes life insurance, general insurance, health insurance, etc., with household furniture coverages being offered through its various subsidiaries like Fortis Insurance UK.
7) Swiss Reinsurance Company Ltd. (Swiss Re)
Founded in Zurich, Switzerland in 1863 and currently headquartered at Swiss Re Centre in London, England; Swiss Re is one of the world’s leading providers of reinsurance and other forms of specialised insurance and risk management. It provides a wide range of protection solutions for insurance companies, corporate clients and individuals worldwide. Covering both commercial and private homes, Swiss Re offers furniture insurance through its various subsidiaries like RSA Insurance Group plc.
8) XL Catlin Group Ltd.
XL Catlin is a global insurance company that was created in 2010 as the result of the merger between Catlin Group Limited and XL Capital Ltd. It provides property-casualty coverage for home owners including household furniture with its headquarters in Bermuda, West Indies. The company has more than 28,000 employees around the world and has expanded to conduct business in more than 70 countries with over 50 risk centres handling claims on behalf of its customers.
9) Tokio Marine & Nichido Fire Insurance Co., Ltd.
A Japanese company, Tokio Marine & Nichido Fire Insurance is a leading provider of insurance and reinsurance to transportation and logistics clients. It offers various policies such as life insurance, home contents, etc., with its household furniture coverages being handled by NAC Re (Tokyo), Ltd.
10) Mercer International Underwriting Managers Ltd.
Mercer International is a leading multinational insurance company based in Germany with subsidiaries in Canada, China and India. It provides a range of services from property-casualty to general insurance products with its household furniture coverages being handled by its subsidiary companies like Lloyd’s Underwriters. Mercer International was ranked among the top ten largest companies offering home contents insurance across Australia based on their annual financial statement which amounted to AUD 502 million dollars in 2016.
Every home needs a good furniture insurance policies to ensure that one’s assets are well protected in case of unforeseen circumstances. Furniture has been part of our homes for centuries and these beautiful masterpieces can be irreplaceable in times of emergency. It is thus important to have the best furniture insurance policies in place so that your household items remain safe from all kinds of perils or disasters.
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