All Risks Cover: How to Get the Most Value Out of Your Premiums
There are some things that you just cannot leave your home or business without; your phone, your laptop, your tools & equipment & for those more adventurous individuals this could include your camping or sports equipment. The risk of travelling around with uninsured possessions is far too high and the cost of replacing them is costly. That’s why you should never leave home without All Risks insurance.
For those that love long drives and have a thrill for adventure, roll top covers secure not only your vehicle’s possessions, but your peace of mind too. Roll top covers are supreme security accessories for a wide range of bakkies in a selected range of models. With the help of Securi-Lid, we can save you some money every month and you’ll get the most value out of your All Risks and Business All Risks premiums.
We always ask ourselves whether we’re choosing the best insurance and if there’s other ways to save more money with our premiums. At the end of the day, you want the best cover that’s best suited to your needs and adapts to your lifestyle.
What is All Risks insurance?
All Risks insurance is a special type of cover that is available for possessions that could risk getting lost or damaged in or away from your home. For example, if you leave your laptop in your car and it gets stolen, All Risks insurance would cover that loss. It’s the type of cover that you never knew you needed until something bad happens to your highly valuable items. All Risks cover is split into two categories: specified and unspecified.
Specified All Risks insurance is cover for items that belong to you and are valued separately in your schedule. For personal All Risks cover, these items include laptops, cellphones, cameras, bicycles, and more. Did you know that if your bakkie or vehicle has a roll-top cover installed, insurers will discount your personal and/or business All Risks insurance?
Unspecified All Risks insurance would be cover for your clothing and personal belongings that you take with you when you leave the house. Unlike specified All Risks insurance, unspecified All Risks has a ‘per item’ limit as stated in your schedule.
Benefits of All Risks insurance
Besides being a comprehensive type of cover that offers you protection from loss and theft; All Risks insurance offers peace of mind to the everyday man and woman. You should always ensure that your belongings have the right type of cover. Whether you take out business or personal All Risks cover, here are some benefits of taking out All Risks insurance.
- No more financial uncertainty on whether or not your belongings will be stolen, lost or damaged.
- Belongings are still covered in the event of accidental damage. Depending on the degree of damage to the item, it will either be repaired, replaced or paid out.
- Worrying is a thing of the past. We know that’s easier said than done, but it does take some pressure off your subconscious knowing that your items are covered for.
- Your possessions are covered against theft, loss and damage with your Securi-Lid roll top cover.
How can I save money with All Risks insurance?
There’s a reason why many people window shop before actually making a purchase. The key to saving money with All Risks insurance, is to shop around. If you’re in need of some money-saving tips when it comes to shopping for All Risks insurance, Compendium’s got you covered.
- Before you commit, talk to an insurance broker.Insurance brokers are experienced professionals in their field and can equip you with the right information, right cover and right price to help you with the cover you need. As insurance brokers, our goals is to make your life easier.
- Consider accepting a higher excess with a lower premium. If you’re in a place to pay out an excess in the event of a logged claim, we suggest this method. You will pay a lower premium, but insurers catch you with a high excess. Discuss this option with a broker to gain insight and an expert’s opinion.
- Don’t settle for less just because you’re paying less. Don’t just go ahead with the first insurance company you reach out to. Shop around and see what cover you can get for the premium you’re paying. If you don’t have the time or aren’t sure of how to get started, let Compendium take the weight off your shoulders.
- Keep a register or portfolio of assets that you want to insure. It’s easy to lose track of what’s insured and what’s not. A portfolio will help you identify if you’re paying insurance on items that you may not even own anymore.
- House your insurance under one insurer. Generally speaking, you’re likely to get a discount on your premiums if you bundle your insurance with one insurer.
- Assess your lifestyle and address what’s changed. Before making a decision, think it through carefully and ensure that you’re taking out the right cover for your needs. For example, don’t take out personal All Risks insurance on items that hardly leave your home. Instead, ensure that they’re covered under a home contents insurance policy.
What does Business All Risks insurance cover?
Every business owner should have business All Risks insurance. It covers all business items, on your schedule, against loss, damage and theft. It also includes cover away from your premises. By securing your assets with a Securi-Lid roll-top cover, you can ensure that they are not visible from the outside. This helps reduce the risk of theft.
Who can get All Risks cover?
Anyone can get All Risks cover. It’s not limited to a certain people or businesses. If you need cover away from your premises for any of your belongings, whether it be under a business or personal policy, then All Risks Cover is for you.
Securi-Lid, our trusted partner
Our trusted partner Securi-Lid, is a proudly South African product that is at the centre of engineering excellence. Their roll top covers are like bullet-proof vests for your vehicle’s security. Their unique design intelligence of roller shutter systems is built for durability and quality lifestyle adventures. Their wide range of products are designed to suit your lifestyle needs. Choose from the 216 or 218 roll top covers that are suitable for both commercial use and those who love the outdoors.
Understanding All Risks insurance and how it works is the first step to learning how to save money and protect your assets. Whether you choose to cover your possessions for personal or business purposes, you’re making the right choice. Here at Compendium, we care about you and helping you save money. That’s why we offer our domestic and commercial clients, who have a roll-top cover installed on their vehicle, reduced All Risks premiums. To find out more or to speak to one of our experienced and professional brokers, contact Ashley Maré on 071 679 9424 or send an email to ashley@cig.co.za.To learn more about Securi-Lid, contact them on 0860 105 619 or email info@securi-lid.com
