Private:


Fire insurance for PRIVATE DWELLINGS is almost mandatory if not compulsory from a homeowner's point of view.

This product provides coverage for loss or damage caused to the insured items, during the period of coverage.

The owner of such a property, should ascertain the true value of replacing the items, so that if a loss should occur the question of underinsurance should not prevail.

 

Commercial:


The same thing can be said for this class of business in conjunction with PRIVATE FIRE COVERAGE.

The question of true value is more important in this class of business due to its very composition.

This is so because so many people depend on the existence and presence of this class of business that its administrators, should be cognizant of its pitfalls, and should avoid them at all cost. In short, risk management is the success of good business engagement.