In this economy even the short-term insurance policies that you thought covered your assets adequately may not be doing so at all.
The problem is that it’s become harder for insurance companies to get new business in this economy and with each fighting more fiercely for market share, more pressure has been put on their revenues. On the claims aside, insurers have adjusted for the cost increases of labour and materials and are now hitting you hard when it comes to claims. Continue reading “Insurance policies just don’t provide the cover they used to”