Why do we Need Fire Insurance

When I was a kid I remember my mom and dad used to say ‘ don’t play with fire, it will burn you out’ . You know sometimes we ignore it, but no one is able to predict how deadly it is. Speaking about house on fire is certainly a thread. All things we have a result of years hard work may just gone, only in minutes count. Surely, fire is unpredictable, it can happen anytime, anywhere. But the main point we must think right now is, how to overcome the loss ? as we all know, losing house will be very frustrated, it takes millions to start it over, it will screw our management and finance.

Fire Insurance comes as a solvent. In Fire Insurance, any kinds of property can be put insured, the most important thing is, all those properties must be written in the Insurance Policy.

Indemnity of the loss caused by fire will have terms and conditions. Some cause may lead to indemnity, while some others are not.

Commonly indemnity works on

• condition which caused by fire running into our house.
• Properties which are damaged or broken caused by water used to hold fire is also included. Properties which are damaged or broken, caused by the authority in order to hold fire , is also included.

On the contrary, fire that is caused intentionally by the insurer, will NOT be indemnified.

In order to support our family’s life, in addition to student health insurance, and to protect our property, Fire Insurance takes a great deal on it. It will be wise to pay for Fire Insurance, and make sure we put properties we want to be guaranteed in a written policy. In that case, our Fire Insurance will work out best.

If Only I Have Fire Insurance

John got shocked, he frowned and speechless that morning. This guy had just had a disaster coming into his house other seven houses surround him. A fire had just happened, and due to the fact that the houses in the block were built in close one another, fire burns fast by wind and devastated those seven. Firemen who had come into the location couldn’t save them.

John was just a worker, he had a wife and two kids that still sit in the third and fifth grade of elementary school. That pitch morning felt like hell for him. Fire has taken all John had with his hard work, for the last ten years. In a totally regret and depression, he started to ramble him self ” why hadn’t I have fire insurance? “.

Fire insurance might not as popular as it is life insurance or health insurance. But as we all also know that nobody can predict what might happen with our neighborhood, and our security. John must take a bitter pill for loosing all he got, without any possibility of substitution.

Sad stories like this wouldn’t impossible to happen. We know that fire, burglary, illness, etc needs a amount fund, and often thread family’s finance and welfare. Ironically It happens when there are various kinds of guarantee and protection offered by insurance company (ies) exist. If John like in the short illustration above has joined and paid for fire insurance, John won’t need to worry about not being able to have a house again, he won’t have to grieve for his losing and building house, which notably needs a lot of cash. If John had had a fire insurance, all his property can be claimed and substituted, as long as those property are written clearly in the insurance policy. But well, as a notion said, regret always comes late.

For you who already this story, have you had a fire insurance with you ?

Various types of Insurance

There are many kinds of insurance which offered by insurance companies. Perhaps some kinds of the insurance have been very familiar to our ears, like fire insurance, general insurance, health insurance, car insurance, etc. While actually there are some more specific kind of insurance we might not know. Like property insurance, burglary insurance, or forwarding insurance. Usually these kinds of insurance are taken by certain kinds of business or company which have correlation with.

Actually the grouping or division of insurance doesn’t always in the same patterns. Company A might include health insurance as a part of life insurance, while Company B may put health insurance as a dependant insurance type.

Some other grouping of insurance can be by it’s term. It can be a long-term insurance like life permanent life-insurance. It can be in short term, like education insurance and car insurance. Or else, sometimes insurance company also offers short-term insurance, insurance as endowment and investment.

Social Insurance and Collective Insurance are other types of insurance. Social insurance is commonly managed by the local government, for the sake of the employees’ future. If you ever heard Pension Insurance, it is one example of it. The rate received by the Pensions , is actually their own saving, a certain amount of money which gotten from subtracting from their own salary, during their work.

Further about each kinds of insurance will be described in the next posts.