On-site Risk Surveying
Being insured for the correct risks given the context or environment of your immovable (fixed buildings, property) or movable assets, is as important as being insured for the correct amount. A risk survey determines the most likely risks to be insured against for your assets.
Often, if you read your insurance policy, you are not adequately insured for the type of risks specific to your property (location, use) and assets. Although it is common knowledge that one needs cover for fire, theft etc. it is very important how the theft section is specified in your policy. This will determine if the insurer pays-out your claim.
For example, if you had an outbuilding insured but you did not specify the copper cables attached and running to the building, you might not be adequately covered for theft. In another example, there might be several developments in your area and the storm water for these can be channelled into a passing river. Since you are covered for the 50-year or even 100-year flood line, you and your insurer might think that you are adequately insured. However, these new developments have added to the amount of water flowing in the river and can therefore change the exponential effect during a rainy season and the river could exceed that flood line.
Conducting a physical on-site risk survey is important in determining how to structure your policy and for what risks you need to be specifically insured
We can consult on accurately structuring your insurance policy for your specific risks. Contact us to assist >