Tag Archives: single article limit

Application Of Single Article Limit In Home Insurance

One of my major duties as a loss adjuster and claims expert is interpreting and applying the strict wordings of an insurance policy to a claim situation.

To put it bluntly, I am probably the reason your claim was honored, or turned down (insert sad face). And all I did was to bring to the limelight the intentions of your insurance policy in relation to your loss situation by explaining and expanding on the terms and conditions stated therein irrespective of your feelings. Ouch! That hurts right?

 One of such policy conditions you need to be mindful of in your home insurance policy is the Single Article Limit (SAL).

If your insurance company ever told you they wouldn’t pay you a certain amount you felt entitled to, having included the value of the object in your household contents, it is probably due to the application of the SAL clause.

Continue reading Application Of Single Article Limit In Home Insurance

WHY YOUR FIRE INSURANCE POLICY MAY NOT PROVIDE FULL INDEMNITY

insurance-policy

It is a general belief among the insuring public that the purpose of taking up an insurance cover is to be returned to the position previously enjoyed before the occurrence of a loss event. In my years of experience I have found this to be largely a theoretical truth as in actual fact, there are many factors that could prevent full indemnification.

Many of these factors are the application of clauses and policy conditions that only becomes known to you (the insured) at the point of claim. Continue reading WHY YOUR FIRE INSURANCE POLICY MAY NOT PROVIDE FULL INDEMNITY