Underinsurance must be avoided through a prior valuation of the assets to be insured
Unless your policy is on a first risk basis or it has been agreed with Insurers to waive the Average Clause, we believe it is important to draw up a …
The importance of an adequate MIP and Deductible in Consequential Loss Policies
Usually in this type of Policy, no mention is made of underinsurance, since with the “Automatic Increase” Clause, which tends to be set at between 20-40%, this is avoided in …
Business Interruption: a “tailor-made” policy.
Whilst, in general, it is important that any policy is adapted to the characteristics of the risk to be insured, this is fundamental in the field of consequential losses that …
The book “Sinistros de Property: Danos Materiais e Lucros Cessantes”
The brazilian version of the book “Sinistros de Property: Danos Materiais e Lucros Cessantes” is making people talk in the insurance sector and brokerage. Just launched by “Enter Books” publishing …
The importance of avoiding underinsurance through a prior valuation of the assets to be insured.
Unless our policy is at first risk or we have negotiated with the Insurer the repeal of the proportional rule, we understand that it is important to carry out a …
The role of the Insured´s Adjuster (Public Adjuster).
Increasingly in claims, Insured by indication, most of the time, of their Brokers hire an Adjuster to help them prepare and defend their claim against Insurers. This has obvious advantages …
The role of the Risk Manager in major claims.
The fundamental mission of a Risk Manager is to protect the assets and the income statement of your company and ensure the safety of its workers while they work. To …
The collaboration of VANTEVO CLAIMS ADVISORS with the Insurer Adjuster in a major loss.
The Adjuster appointed by the Insurer is the image of itself at the time of the claim, which is “the moment of truth” in the insurance world. This must collaborate …
Importance of action, in fire accidents, of the Decontamination and Recovery of Machinery and Facilities companies.
In fire disasters, some assets are destroyed and must be replaced. Others, on the other hand, only suffer partial damages that can be recovered. It also usually happens, in major …
What happens to the deductible when there is underinsurance in the Consequential Loss Policy?
Fortunately, this assumption of underinsurance occurs rarely in practice, because with the Automatic Increase clauses, which allow the regulation of the sum insured at the closing of the accounts for …
The maximum indemnity periods (MIP) are in many cases insufficient in BI / CL policies.
Unfortunately, many Insureds and Brokers try to lower the cost of the premium of BI / CL policies, reducing the maximum period of indemnity, which is in VANTEVO’s opinion a …
Why do insurers require property damage to be covered for consequential loss coverage to work?
If the Insured does not have the economic capacity to repair the material damage, either due to not having a damage policy or because it is clearly insufficient due to …