Can we claim death from householder’s insurance?

Can we claim death from householder’s insurance?

Even with mandatory homeowner insurance as a prerequisite for the bank house loan, not everyone purchases householder insurance. Even more shocking, most insured will not have fire or homeowner’s coverage after paying off the mortgage. What else can be said about a householder’s insurance?

Why does the owner not purchase the householder’s insurance? Is it the fault of the intermediary or the property owner? Let us investigate.

Most agents were surprised to learn that the owner had a bank-backed mortgage. The agent depresses the handbrake. Why not cross-sell a household product to the insured in addition to car insurance?

Can we claim death from householder’s insurance?

One day, a corporate client called, “Mr. Jamin, would you please come over to my house to discuss the householder policy?” I was initially hesitant to confirm the yes answer. He called me a few times after that. Compensation for the death of a householder policy insured 1

I agreed. I agreed. “Mr. Robert, let us meet this Saturday evening at your house.” After much deliberation, I decided on his factory-insured Marine open cover with a yearly sum of more than US$ 80 million-plus or minus 5. He also insured for ten factory policies, including fire, business interruption due to machinery failure, consequential loss, money in transit and on-premises, public liability, product liability, group personal accident, employer benefit, burglary, and fidelity guarantee.

When I arrived, the maid welcomed me into their mansion, which featured an outdoor Olympic-size swimming pool.

“Mr Jamin, please take a seat; my boss called her an hour ago to inform her that the flight from a nearby capital had been delayed by 30 minutes.” “Would you like a coffee or tea, sir?” “If you’re bored, I ask three gardeners to accompany you around to see the flowers and our organic vegetable plot,” she continued. Please accept my invitation to your home. ”

The insured arrived 15 minutes after 6 p.m.

The couple apologized profusely for being 30 minutes late.

“An unexpected crisis has arisen at the factory.” We settled right away, but it was too late to catch the last flight home last night. Due to the weekend, all morning seats are fully booked.”

The insured believed the previous agent lacked in-depth knowledge of insurance matters. The agent had summed up the entire content of two million dollars in a single sentence.

Can we claim death from householder’s insurance?

Can we claim death from householder's insurance?
Can we claim death from householder’s insurance?

 

Determine the householder’s insurance coverage.

Let us start with three main halls, two dining rooms, 12 bedrooms, a wine chiller room, and a bar counter with a display showcase of various brandies. One pet-lover maid is caring for 12 guards and four small furry dogs in a kitchen and a custom-made pet kennel. She bathes them every day and brushes their teeth with dog toothpaste.

The crystal light is a favourite of the insured’s wife. She travelled to Austria to find three Swarovski crystal lights. The three chandeliers are elegantly displayed in the three main halls. US$300,000.00 in value. It is not part of the fixed fitting because the crystal is easily stolen or removed. Three pure Italian leather, cool, comfortable sofa sets are worth US$150,000.00.

Can we claim death from householder's insurance?
Can we claim death from householder’s insurance?

 

Can we claim death from householder’s insurance?

The two teak wood antique dining tables with ten seats are valued at $100,000.00. Two massive wall mirrors decorated with seashells by one of Indonesia’s most renowned artisans, valued at $25,000.00.

The French wine in the chiller room is worth $50,000.00. The owner enjoys wine and frequently drinks it with his four children on special occasions and during the holiday season.

He frequently entertained a close relative and a friend at the bar counter. The neatly arranged display is set row by row with antique brandy. A few bottles with more than a 100-year lifespan, valued at USD 100,000.00. A complete customized set of Italy coffee makers valued at US$30 000.00, from grinding to the fresh aromatic coffee bean to the flow of a cup of self-made Italian cuppa.

A pet kennel was explicitly created for the 12 dogs, as dogs help reduce working stress for a jet traveller like him. A monthly visit by a seasoned veterinarian ensures the dogs’ health and well-being. Two guard dogs are insured for $5000.00, and the small toy dogs are valued at $10,000.00. The customized made-to-order kernel, worth $25,000, installed for air conditioning units.

Can we claim death from householder's insurance?
Can we claim death from householder’s insurance?

The owner’s main and four children’s bedrooms are made of Myanmar teak wood, valued at $100,000.00. Each of the seven visitors’ bedrooms is worth US$10,000.00.

One of the sons used to be a professional photographer for National Geographic. He treated his camera set as if it were his own life and enjoyed the landscape and microphotography while working as a wedding planner. He had left his mark on all seven continents. His Canon camera set and accessories were insured for US$100,000 with an all-risk with theft by deception extension clause.

Can we claim death from householder’s insurance?

The kitchen cabinet, cutlery, cooking utensils, and electrical appliances are insured for $100,000.00.

As a businessman, he frequently takes his wife and two daughters to vital functions. Lady often dresses to kill, and they are no exception. Their necklace and diamond ring are insured for $300,000.00.

Can we claim death from householder’s insurance?

A Rolex watch is an everlasting asset that grows in value over time. The filthy rich like to keep it as an investment, and Mr Robert is no exception. Every year, the entire family takes a winter holiday to the Swiss Alps for ice skating. Bit by bit, the collection of watches valued at $300,000.00 grew.

The wall painting, laptop, TV, CCTV, karaoke, sound system, and mobile phone are insured for only US$35 000.00. I added a comprehensive theft policy for the insured. The procedure was issued in the couple’s joint name, naming the couple as the insured.

Can we claim death from householder’s insurance?

Early Bird

I received a phone call on a beautiful Sunday morning after our family breakfast at a local café. According to the panicked maid, two robbers had burgled the family. The injured couple was hospitalized. I dashed over to meet them.

I was overwhelmed by the sight of all the children and suggested that the elder son file a police report. The coma wife was still in the intensive care unit. Mr Robert told me about the incident just before his youngest daughter arrived home at 3 a.m.

Burglary

Except for the two guard dogs, I heard the dogs barking furiously—the silent alarm, with servant quarters located far away. The dog barking awakened the couple.

Two young men in helmets dashed into the main hall, carrying two chisels.

They yelled at them, “Money!”

“Take whatever you want because we don’t have much money at home.” This statement may have enraged one of the robbers. He used his bare hand to protect himself after swiftly slaying the man. The terrified wife began to scream for help.

“Hel…….p, Hel………P,” she yelled. Her stomach erupted with new blood. The robber had stabbed her abdomen. When they saw the children, they rushed out to save their parents. The robber fled empty-handed.

The robbers poisoned the guard dogs and imprisoned seven servants in their quarter.

Death

Mrs Robert died after ten days in the intensive care unit due to infection. She had diabetes. How much is the insurer obligated to pay for her death? Does the insurer cover the couple’s medical expenses?

Can we claim death from householder's insurance?
Can we claim death from householder’s insurance?
Can we claim death from householder’s insurance?

What is the most crucial factor to consider?

Robbers forced their way into your home and made a visible entrance.

The insurer pays for the death if a person dies within 90 days due to theft or fire.

If more than one person is involved.

This benefit is not available to the corporation unless someone is nominated to sign the proposal form.

The liability for this benefit is one-half of the contents sum insured, whichever is less, of which is applied the lesser amount.

Can we claim death from the householder’s insurance?
Can we claim death from householder's insurance?
Can we claim death from householder’s insurance?

Claim for Death Compensation

Dear reader, let us ponder how much the death compensation in this case is. Learning together is enjoyable. I would greatly appreciate your feedback in the comment section below. Don’t worry; your email address will not be displayed in the comment section.

Response to Compensation for Death Benefits

What is the total amount of this claim? There are only two options. The full policy wording on the Death claim is as follows.

Can we claim death from householder’s insurance?

What is included?

You are covered for fatal injury (death) in the private dwelling house due to external or visible violence caused by thugs or fire if the death occurs within three (3) calendar months of the injury.

We will be liable for a prorated portion of the compensation if there is more than one (1) named insured.

You must nominate a person or persons for a corporation and register their name(s) with us.

This benefit’s liability limit is the sum specified on the schedule or one-half of the total sum insured on contents, whichever is less.

Your Opinions

I would love to hear your thought or question in the comments below.

Compensation for the death of insured under householder policy

Compensation for the death of insured under householder policy.

Not everyone buys householder insurance, after the mandatory homeowner insurance as a prerequisite for the bank house loan. Even more shocking, most insured will not have fire or homeowner after settling the housing loan. What more to say the householder insurance.

The question of why the owner does not purchase householder policy? isn’t the fault of the intermediary or the house owner. Let us find out.

Most agents after hearing the owner had a housing loan with the bank. The agent applies the hand brake. Why not cross-selling for the householder product to the insured, beside the car insurance?

Compensation for the death of insured under householder policy.

Corporate Client

I had a corporate client called me one day,  ” Mr. Jamin, would you come over to my residence to discuss the householder policy?” Initially, I was a bit reluctant to affirm the yes answer.  After he gave a few calls me.Compensation for the death of insured under householder policy 1

” Mr. Robert, let us make on this Saturday evening at your home,” I confirmed it. After a long thought, I gave in to him, as his factory insured Marine open cover with a yearly sum insured valued more than US$ 80 million plus with plus or minus 5. Besides he also insured with me ten types of factory policies namely, fire, business interruption on machinery breakdown, Consequential loss, Money in transit and in premises, public liability, product liability, Group personal accident, employer benefit, burglary, and fidelity guarantee.

Flight Delay

On my arrival, the maid invited me into their mansion with an outdoor Olympic size swimming pool.

“Mr. Jamin, please be seated, my boss called her an hour ago the flight from a neighbor capital delay by 30 minutes. Would you like to a have a coffee or tea, sir?”  she continued ” If you are feeling a bit boring, I ask 3 gardeners to accompany around to see the flower and our own organic vegetable plot. Please make it into your home.”

The insured arrived home 15 minutes pasted 6.pm.

The couple said sorry profusely for the 30 minutes late.” The factory has an unexpected crisis crop out. We settle immediately but too late to catch the last flight home last night. All morning seats fully booked due to the weekend.”

The insured felt the previous agent did not have an in-depth knowledge of insurance matter. The agent had lumped all the content of 2 million dollars in one sentence.

Compensation for the death of insured under householder policy.

Determine householder sum insured

Let us go from 3 mains halls, 2 dining room plus 12 bedrooms and a wine chiller room and a bar counter with a display showcase of various brandy. Kitchen and customised make pet kennel that keeping 12 guards and fury small dogs taking care one pet lover maid. She daily bath and brush their teeth with dog toothpaste.

The insured’s wife loves crystal light. She went to Austria to sort out 3 Swarovski crystals light. The 3 chandelier elegantly displayed at the 3 main halls Valued US$300 000.00.  It is not part of the fixed and fitting as the crystal can be stolen or removed easily. 3 pure Italy leather cool and comfortable sofa set valued US$ 150 000.00. Compensation for the death of insured under householder policy 2

The 2 teak wood antique dining table match with 10 seats valued for US$100 000.00. Two giant wall mirrors decorated with seashell by one the famed best Indonesian craftsman valued at US$25 000.00.

The French wine stocked in the chiller room valued for US$50 000.00.  The owner loves wine, often drink with 4 children during happy occasions and festive season.

He often entertained his close relative and friend at the bar counter. The display set neatly arranged row by row with antique brandy. A few bottles with a more than 100 years lifespan so valued at US$100 000.00. A customised completed set Italy coffee maker from grinding to the fresh aromatic coffee bean to the flow of a cup of self-home make Italy cuppa valued for US$30  000.00

A pet kernel specially builds for the 12 dogs, as dog help to reduced working stress for a jet traveler manufacturer like him. A monthly visit by a veteran doctor gives the dogs for the pet health and wellness. 2 guard dogs insured for US$5000.00 and those small toy dogs valued for US$10 000.00. The customised make order kernel valued for US$25 000 installed 4 units of air-conditioned.

The owner master bedroom and 4 children bedrooms with Myanmar teak wood valued for US$100 000.00. The 7 visitors ‘ bedroom with valued for US$10 000.00 each.

One of the sons who were previously a professional photographer attached to National Geography. He treated his camera set like his own life. Besides,  working as a wedding planner, he loves landscape and micro photography. He had left his footprint on all the seven continents. Insured his Canon set of the camera with its accessories for US$100 000.00 with All risk with theft by deception extension clause.

Compensation for the death of insured under householder policy 3

The designed kitchen cabinet and cutlery and cooking utensil and electrical appliances insured for US$100 000.00

Being a business person, his wife and two daughters often go with him to attend an important function. Lady often dresses to kill, is not an exception for them too. Their jewelry, necklace and diamond ring insured for US$300 000.00

Compensation for the death of insured under householder policy 4

Rolex watch is an everlasting asset; it appreciates its value over time. The filthy rich like to keep it as an investment, likewise is the same for Mr. Robert. The whole family goes on a winter holiday to Swiss Alps for ice-skating is an annual affair. Bit by bit the accumulation of watches so valued at US$300 000.00

The wall painting, laptop, TV, CCTV, karaoke, and the sound system, mobile handphone insured US$35 000.00 only. I added a full theft policy for the insured. The policy issued joint name stating the couple as the insured.

Compensation for the death of insured under householder policy.

Morning Call

A beautiful Sunday morning, after having our family breakfast at a local cafe, I received a call. The panic maid called me informing, two robbers burgled the family. Mr. &  Mrs. Robert hospitalized in a private one. I rushed to meet them.

On seeing all the children was too there. I advised the elder son to make a police report.  The coma wife was still in the ICU. Mr. Robert narrated to me the occurrence of the event took place just before the youngest daughter arriving home with at 3.00 a.m.

Burglary

I heard the dogs baked fiercely, excluding the 2 guard dogs. The servant quarter was quite a distance away. The alarm was silence too. The couple woke up by the dog barking.

Two young lads clad in helmet dashed into the main hall with two chisels.

“Money” they yelled at them.

“We don’t have much money at home, take whatsoever you want.” this statement might be had provoked one of the robbers. One briskly slain the man, he used his bare hand to protect him. The panic wife started to scream for help.

” Hel…….p, Hel………P.” she blasted out. The fresh blood oozed out from her stomach. The robber had stabbed her in the abdomen. One seeing the children rushed out to their parent rescue. The robber went off empty hand.

The robbers poisoned the guard dogs and tied up 7 servants respectively in their quarter.

Death

Mrs. Robert breathed her last after 10 days in the ICU due to infection.  She was a diabetic. How much is the insurer liable for her death? Does the insurer pay the couple her medical expenses?

Compensation for the death of insured under householder policy.

What is the main point of consideration?

  • A forcible and visible of entry by the robbers burgled into your home.
  • The insurer pays for the death of the person if he or she died within 90 days caused by the thieves or fire.
  • If more than one person involved, prorate rate for compensation shall apply.
  • The corporation is not entitled to this benefit Unless a person is nominated for signing up the proposal form.

The liability for this benefit is one half of sum insured on Contents or whichever is less. The lesser amount shall apply.

Compensation for the death of insured under householder policy.

Claim for Compensation of Death

Dear reader, let us crack our brain, how much is the compensation of the death in this case? Learning together is fun. I would really appreciate your comments in the comment box below. Don’t worry your email address should not be published in the comment box.

Answer for Compensation of Death benefits

What is the final total of this claim here? There are only two answers here. The full policy wording on Compensation for death is as below.

Compensation for the death of insured under householder policy.
Death compensation under householder policy

What is covered?

  • You are covered against fatal injury (death) occurring in the Private Dwelling House due to external or visible violence caused by thieves or by fire, if the death occurs within three (3) calendar months of such injury.
  • If there are more than one (1) named insured, we will be liable for a prorate proportion of the compensation.
  • For a Corporation, You must nominate a person or persons and lodge their name(s) with us.
  • The limit of liability of this benefit is the sum specified on the Schedule or one-half of the Total Sum Insured on Contents, whichever is lesser.

Your Thoughts

As usual, I would love to hear any thoughts or questions that you have in the comments section below.

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