One of the first steps to taking out property casualty insurance is to look for an insurer who offers this type of cover. There are four different types of policies available: personal injury (PIP), general insurance, renters' insurance and third party protection. Each of these is designed to provide financial protection in the event that a claim is made against you or someone else.
Personal injury insurance provides payments for a claim made against you if you have been injured in an accident. It also covers injuries that occur to you as a result of vandalism or acts of terrorism. General cover or non-perilous insurance policies pay out to you depending on your loss from a specific financial event. General cover is often defined as any policy not specifically defined as life cover. This includes such items as bank accounts, shares, and loans.
Renter's insurance is designed to pay out if a vehicle is lost or damaged due to the fault of the owner or person renting it. It is most commonly available for buildings with more than three rooms. Third party cover pays out for injuries caused to you as a result of damage caused by third parties such as vandalism or acts of terrorism. Finally, third party cover will also pay out to cover damages caused by a fire.
Each of these types of policies can be tailored to meet your specific needs, so you should contact your provider immediately upon making a claim in order to get an assessment of the property loss. They will then determine how much they will payout based on your specific situation. If they find that the sum you are claiming is not sufficient to compensate for the full cost of the losses they could decline to offer compensation or charge a much higher premium. Be sure to ask your provider how much cover you are legally entitled to, as well as asking about how much the premiums will vary from year to year. Premiums are usually based on age and the property value.
Your claims procedure may involve the need for a medical report, which is normally obtained at the time of the claim. If you are injured in an accident which needs hospital treatment, you should always try to arrange to visit your doctor for as much evidence as possible.
Some insurance companies offer a limited amount of cover against theft and fire, which can be more than enough for your needs. However, if you are unfortunate enough to have an extensive amount of property damage due to a fire or vandalism you may have to take out more comprehensive coverage.