Home Insurance - Investment Property

Investment Property Insurance provides cover for a home that you purchased as an investment.

The high appreciation of property in the Irish market over the last decade has sparked a tremendous growth in investment property both in Ireland and abroad. The insurance market offers policies which are specifically geared towards protecting your investment against risk.

Investment property insurance can cover such areas as tenants failing to pay rent, theft of property, accidental damage and increased public liability. Covering your property for the unforeseen can make the difference between profitability and loss.

Overseas Property Insurance

It is estimated that over €100 million was invested in overseas residential properties by Irish nationals last year. A second home in the sun is becoming more commonplace with the comparative lower cost of property in foreign markets and schemes allowing Irish residents to buy from plans or snap up that Casa on the Costa del Sol.Buying property abroad is not without risk. Purchasing insurance from local vendors also has its risks. Insurance policies obtained abroad may not be as stringently regulated as those purchased in Ireland. It may be unclear as to what exactly is covered by a foreign policy and whether your rights are upheld by law and by the insurance industry.

Our team has experience in creating and negotiating insurance policies for overseas investors, for both residential and commercial property. We are working hard to make this service available online. In the meantime, to arrange overseas property insurance please call us at 01-293 2300 or request a call back. We would be happy to advise and help you get the best policy.

Property insurance in Netherland

Chartis' Belgian Financial Lines Group is a global division that protects multinational, large domestic and upper middle market companies with tailor-made insurance programmes to suit clients' needs anywhere in the world, while offering coverage against material damage and business interruption on a specified-perils or all-risk basis. Specialities also include fronting services and reinsurance for Captive-driven programmes.

At Chartis Europe Energy division we provide underwriting and quotation services, as well as technical advisory services, marketing assitance and risk assessment. All of our products are offered in English, Dutch and French.

Property Terrorism & Sabotage Insurance in Europe

Over the past several years there has been a heightened and growing concern on the part of the general public as well as corporate executives about the damage inflicted by acts of political terrorists. The recent bombing on the Federal Building in Oklahoma City, ETA bombings in the Basque region, the destruction of the Central Bank in Colombo, Sri Lanka and other terrorist acts occurring throughout the world have focused world-wide attention on the threat of terrorism.

Acts of terrorism and sabotage against corporate facilities have potentially far-reaching political and economic effects. The bombing of the World Trade Center in New York City is estimated to have cost approximately USD 700 million in disrupted business in the first week alone and the bombing in Sri Lanka Central Bank severly disrupted the financial transactions of businesses based there for several weeks. As politically motivated terrorism and sabotage generates more and more media coverage, businesses, owned by foreign companies will find themselves increasingly targeted. 

Chartis Europe’s property Terrorism and Sabotage Insurance has been specifically designed to cover the sabotage, terrorism, mutiny, rebellion, insurrection and coup d’état (excluding war and civil war) risks faced by multinational companies operating in countries where these risks are normally excluded from standard insurance programmes. Coverage for strike, riot and civil commotion can be included by endorsement.

Motorcycle Insurance In Canada

In Canada, motorcycle owners must have insurance by law. But each insurance company makes its own assessment of risk when setting rates for a given rider, based on a long list of variables. The end result is that rates can vary significantly from insurance company to company.

Motorcycle insurance is distributed to consumers through different networks of licensed insurance professionals. They are:

• Insurance Brokers - Provide independent and expert advice, advocacy and support to consumers with respect to their motorcycle insurance needs and typically work with, and sell policies for, a number of different insurance companies.

• Insurance Agents – Provide expert advice, advocacy and support to consumers with respect to their motorcycle insurance needs and work with, and sell policies for, one insurance company.

• Direct Writers (Direct Response Insurers) - Provide expert advice, selling and servicing property and casualty insurance products, including motorcycle insurance, in Canada through direct response marketing and distribution for one insurance company.

Home Insurance in France

Home insurance reimburses you for your financial loss arising from accidental losses such as fire, vandalism and water damage. Home insurance also ensures you are protected against lawsuits arising from your personal actions or ownership of your property. Most banks and mortgage companies will insist that you purchase home insurance before lending you money to buy a home or condo.

If you are renting an apartment, room or house, tenant's insurance offers two kinds of coverages: liability and contents. Liability coverage will protect you from your personal actions where you are held responsible for damage to the building or injury to others who live or visit your rented premises. Contents coverage reimburses you for loss or damage to your personal belongings arising from insured perils including fire, smoke and theft. Home insurance policies usually come in three forms. The Basic homeowner’s package is ideal for individuals looking to save a little bit of cash. This package provides coverage for your house, contents and liability. Basic home insurance provides coverage on a named perils basis.

If the Basic homeowner's coverage seems too minimal, you can upgrade to the Broad homeowner's package. This policy provides all risk insurance coverage to your home and named perils coverage to your contents. This package is typically priced higher than the Basic homeowner’s package.

The most inclusive (and typically, expensive) home insurance coverage you can purchase is called a Comprehensive homeowner's package. This policy provides all risk insurance coverage to your home and contents.

In all cases, it is important to review the policy wordings as there are certain situations not covered under all risk insurance.

Home Insurance in canada

Since 1994, InsuranceHotline.com has been helping Canadians find the best and most affordable home insurance coverage for their families. By taking 5 minutes right now to fill out our simple step-by-step quote form you can save an average of $300 on your home insurance. Whether you currently own a home or condo, or if you rent a property and require tenant's insurance, our comparative search service can help save you money and find you the right coverage for your needs. Try us out now and join more than 1 million Canadians who have used our service to lock in insurance savings.Once you have a quote, the next step in the process is to lock in your savings by speaking to a professional insurance broker or agent directly. InsuranceHotline.com makes this process easy by connecting you with a licensed professional in your local area to finalize your quote and get you setup. Just as important, the home insurance expert we connect you with will also answer any questions that you have. This helps ensure that you not only get the best rate, but also the most appropriate coverage for your home insurance needs.For most people, their home is their single most prized and valuable possession. This is why it is so important to make sure you protect it with the appropriate insurance coverage. Make sure you understand what type of home insurance you are buying, who or what is covered, exclusions, policy limitations, how much coverage is provided and how to report a loss or claim.

Propert insurance claim

This is the only time that you will actually experience the true value of your insurance purchase. We aim to make sure that it is 'hassle-free' and provides the result you expect. It is important to advise us of your claim as soon as reasonably possible. If you don't you may not be covered under your policy.

Should you need advice on what to do in the event of damage to your property, take a moment to listen to us. We are well apt when it comes time to looking after your claim, and with the number of clients we represent to your insurance company, we can assure you we have the insurer's ear, and as such we will look after your interests.

Insurance Policy in america

This year commences our twentieth anniversary of providing professional expertise in all aspects of insurance and risk management.

Insurance House of Australia is a member of the National Insurance Brokers of Australia, Risk Managers Insitute of Australia, Australia and New Zealand Institute of Insurance and Finance.

We are also members and shareholders of the Steadfast Broking Group. The combined income this year exceeded $3 Billion giving us access and purchasing ability to achieve specialised policies and premiums for you our client.

Insurance House of Australia is a leading provider of broking and risk management services throughout Australia.

Property INsurance in Australia

Another type of insurance cover that is frequently overlooked is the liability exposure of the owner of a strata unit.

A body corporate will insure the strata building and common areas against property damage and legal liability. As an owner of a unit in the strata complex, you will be protected against law suits or liability claims against the strata company.

However, the strata company will only protect the interests of its members insofar as they form part of the body corporate. They will not protect owners being sued individually.

A case a few years ago involved a unit owner who laid paving on “his” patio which was part of the common area. A tenant tripped on the paving and sued the body corporate and the owner separately.

The body corporate insurer defended the body corporate and left the unit owner to fend for himself. Fortunately, the owner had a Landlord Protection policy covering the contents of the unit which had a liability insurance included, so he was OK.

It is apparent that a lot of owners don’t consider the contents of the unit worth insuring and consequently don’t carry liability insurance.

Property Investors Insurance

The idea of insurance is to transfer to someone else the risk you can’t afford to carry yourself. This becomes quite critical if you are highly-geared in an investment property and cannot afford unexpected expenses arising from a bad tenancy.

So what can you expect from a landlord’s protection insurance? Firstly, have a good look at what you are getting. Damage in some policies means malicious damage (there must be malice in the act by the tenant). In others, its deliberate acts (wider than malicious) and some give accidental damage (wider still).

But having a claim that qualifies and getting it all paid are not the same things at all. Take accidental damage for example. Every landlord’s policy issued in Australia that gives accidental damage has a substantial excess (about $350 per event or more). The problem is that each item of damage is, if it’s an accident, a separate event. So your excess is going to be (say) $350 for each mark or chip. So, multiple marks on a wall or carpet may attract multiple excesses. That can quickly wipe out the cost of painting a wall or replacing a carpet. You can end up with a “Claytons” cover.

Other policies, which give deliberate damage for example, are frequently excess-free. Some items of damage will qualify as both accidental and deliberate under different policies.

So when you are looking at the options, look at the mix of cover and excess. That way, you will know what to expect from your insurer and what you will have to pay for yourself. Don’t get a rude shock!

Other Property Insurance

If your property insurance needs extend beyond your main residence, we can help. Whether you're a homeowner, condo owner or a tenant, you can rely on us to provide affordable coverage for your seasonal or second home, revenue property and personal watercraft.Do you own a home, a duplex or a condo unit that you rent out to others for income? If yes, and you insure your main residence with us, you can extend some of the coverage from your main residence to help protect your revenue property and the income you receive from it.

Homeowners Insurance

Homeowners insurance helps provide valuable financial protection against incidents that can cause damage to your home—including fire, lightning strike, wind and hail, explosions, falling objects, vandalism, theft and other risks or "perils."

Depending on your coverage, your home and detached structures—a storage shed or fence, for example—will be protected against All Perils or Specified Perils:

• All Perils protects your home and detached structures against the widest range of risks and only excludes the perils specifically listed in your policy. (The Enhanced Plus plan provides our most comprehensive perils coverage.)
• Specified Perils protects your home and detached structures against the most common risks, which will be listed in your policy.From protection for your home and personal belongings to coverage against liability claims, homeowners insurance protects you in a number of ways. Below is an overview of the key coverage it provides and tips to keep in mind when considering your coverage options.

Property insurance

Property insurance provides protection against most risks to property, such as fire, theft and some weather damage. This includes specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance or boiler insurance. Property is insured in two main ways - open perils and named perils. Open perils cover all the causes of loss not specifically excluded in the policy. Common exclusions on open peril policies include damage resulting from earthquakes, floods, nuclear incidents, acts of terrorism and war. Named perils require the actual cause of loss to be listed in the policy for insurance to be provided. The more common named perils include such damage-causing events as fire, lightning, explosion and theft.

property insurance

Our Overseas Property Insurance is designed to provide owners of property abroad (e.g. Spain, Bulgaria, France etc) with the maximum holiday home cover to protect your investment. We appreciate that along with buying your permanent home, your holiday home is likely to be one of your largest financial investments.

At Overseas Property Insurance we pride ourselves in delivering our clients choice. We will always explain the differences and exclusions in holiday home property insurance to enable you, as the owner, to make an informed decision.

Property Insurance Abroad

We have a dedicated team of experts that understand how overseas insurance property bureaucracy works and appreciate how frustrating buying an overseas property can be.

Our plain English, overseas property insurance policy has been a great help to many, many people with properties abroad over the years.

We offer holiday home insurance immaterial of how often it is used, or if it is let to holiday makers or as a long term residential let, or a combination we can offer a tailored product to meet your needs. We provide policies from a number of underwriter's to enable us to provide you with all the information to enable you to make an informed decision. Moving abroad and shipping contents? We can arrange Cargo Insurance to protect your belongings during transit contact us for more information.

We can also provide cover for caravan or mobile homes that are used as an overseas holiday home, provided they are situated in Portugal, France, Spain or Eire.

We can arrange holiday home insurance cover for properties abroad in most countries including (not limited to) Bulgaria, France, Spain, Egypt, Portugal, Cape Verde, Italy, Slovakia etc; however we are unable to quote for properties in USA. Canada and the Caribbean. You do not need to be a resident of the UK to arrange protection through Overseas Property Insurance, however all policies offered by us are governed by UK law and written in plain English.

Bulgaria insurance and Portugal insurance are often limited in overseas public liability protections when arranged overseas. You can be confident that all cover arranged by Overseas Property Insurance includes £5m public liability protection.

If you want more information about Buying and Insuring Overseas Properties, holiday home insurance and property insurance abroad simply request our Hints & Tips report

Finally if you want to know what our comprehensive protection costs, why not use our on-line quote request form