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insurance

Insurance is a very important aspect to consider when you are housing merchandise for a business. The purpose of insurance is to protect against loss. Premiums are set based on the amount of risk involved and the amount to be paid in case of a loss. The kind of insurance that we are looking for is protection from losses caused by fire, wind, or accident, but gambling losses are not insurable. We are looking for low cost, affordable coverage. Premiums can soar so high that insurance is simply not cost-effective. These prices, though, are intimately tied to the risks and potential losses involved in a particular type of coverage. The company that we chose is Farm Bureau Insurance Company. After calling several insurance companies in the area, Farm Bureau


All the coverage is just $149 per year. First, we must pay a $25 membership fee to Farm Bureau. is the only one that would do this kind of insuring. If a fire occurs, the insurance company reimburses the policyholder for either the actual dollar loss or the maximum amount stated in the policy, whichever is lower. Premiums depend on the construction on the building, its use and contents, whether risk-reduction devices (such as smoke and fire alarms) are installed in the building, and other factors. They were very cooperative with me. We are getting a fidelity bond, an insurance policy that protects a business form theft, forgery, or embezzlement by its employees. If someone steals the inventory, they will get as much as possible. Extended coverage is insurance protection against damage cased by wind, hail, explosion, vandalism, riots or civil commotion, falling aircraft, and smoke. They have cameras and a gated entrance. That's good because Farm Bureau is one of the best in the area. I fell very safe with Farm Bureau. Fire insurance covers losses due to fire. The premium is relatively small because the data is based on Greenway Storage, and Greenway is safe.

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Approximate Word count = 525
Approximate Pages = 2 (250 words per page double spaced)

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