The first is “NAMED PERILS”
This type of policy is based on the adding approach. Starting from no coverage, perils are added which are covered under the policy. Therefore, to check if coverage applies in a particular circumstance, one must verify that the cause of loss is an insured peril. “NAMED PERILS” can include:
- Fire or Lightning
- Falling Object
- Impact by Aircraft or Land Vehicle
- Vandalism or Malicious Act
- Water Escape*, Rupture, Freezing
- Windstorm or Hail
- Theft, Including Damage Caused by Attempted Theft
Depending on the Insurance Company, some of these coverages may not be included and/or other coverages may be added to this list – review your own wording for clarification.
The second approach is called “ALL RISK”
This type of policy takes the opposite approach to defining coverage. The initial assumption is that All Perils are covered. The coverage is then limited by exclusions. The reason this backwards approach is used is because it is easier to list 20 exclusions than it is to list 50 perils insured. At Ogilvy Insurance, the “All Risk” coverage is the preferred recommended option when available and all acceptability conditions are met.
Example of some of the coverage differences we have seen in “Special Limitations”. Special limitations means that although your policy may cover a certain amount of money for contents, within those contents, these items have limits assigned to them. We work with insurers who can offer some of the lighest limits as part of their packages depending on your needs.
Do you know what you have?
- Fine Arts & Collectibles
- Additional Living Expenses
- Legal advice Insurance
- Data Replacement
- Coverage & Discounts for Students Away At School
- Coverage for parents in a nursing home
Here is a list of optional coverages which we normally offer to our clients with their insurance packages whenever they qualify, or it is available.
At Ogilvy our standard offering is a commitment to give you the best possible.
Some coverages that we offer include:
- Your Content Goes Here
- Sewer Back Up, Above Ground Water, Ground Water
- Identity Theft
- Diminishing or ZERO deductible
- Guaranteed Replacement Cost
- No Obligation to Replace with Full Cash Value Settlement Options
- Legal advice insurance
- Rate Guarantees
- Claims Forgiveness
Guaranteed Smiles. – Yes, we take our service seriously. We will do everything we can to make you smile