Wednesday, January 27, 2016

BC Earthquake Deductible Buyback Insurance

What is it?

Earthquake Deductible Buyback (EDB) insurance is coverage for Earthquake Deductibles. This insurance is available through Bridges International Insurance Services, for properties located in British Columbia.


The perfect solution for High Earthquake Deductibles

How it works:

An average earthquake deductible is 5%, 8%, 10% or even 15%. This means that your earthquake deductible is equal to that percentage of what your home is insured for.

You may ask: Why would I buy earthquake insurance if my deductible is so high? The reason is that coverage is there for large or total losses. In the event of an earthquake, you may be avoiding bankruptcy by purchasing earthquake coverage.

In an example of a Million Dollar House with all of its additional coverages, a 10% deductible equates to $200,000. 

Question: Can you afford the earthquake deductible?

For example, a dwelling insured at $500,000 with a 10% earthquake deductible will have a $50,000 earthquake deductible applied to restore/repair the building if a claim is made for earthquake damage. If a policy holder chooses to have EDB coverage, then the earthquake deductible will be paid by that policy, up to the limit purchased, subject to only a $1,000 deductible.


Earthquake Deductible

Buy-Back Insurance

Options

Earthquake deductible buy-back coverage is available for all lines of business.

It is additional coverage you can purchase which will pay a portion or all of your Earthquake deductible, so you don’t have to.

Option #1
Great for:
·      Condo Unit Owners
·      Retail Business Operations


$50,000 Coverage for $120 Premium
OR  $10/month

Option #2
Great for:
·      Smaller Homes
·      Business Operations

$100,000 Coverage for $240 Premium  OR $20/month

Option #3
Great for:
·      Million Dollar Homes
·      Larger Commercial Risks

$200,000 Coverage for $480 Premium OR $40/month
 

Additional Coverage for $500,000 is available now.

Items to remember:

o Most locations qualify for coverage as long as you carry Earthquake coverage on your Primary policy.

o One location per contract therefore if you own multiple locations, discuss with us how many policies you should purchase.

We live in an area of the world where Earthquake Coverage is necessary.

Every Insurance company is going to apply a separate deductible to earthquake coverage.
In other words, your standard home insurance deductible does not apply in the event of an earthquake loss.
Are you prepared?

Don’t spend your savings on a deductible!




 Ask Bridges International Insurance Services for details.
1-888-267-4461 or info@biis.ca






 


Sunday, January 24, 2016

Toronto and Vancouver - Tattoo and Piercing Artists Insurance

Toronto Vancouver Tattoo and Piercing Artists offering treatments:






  • Camouflage Tattoo
  • Permanent Cosmetics
  • Minors
  • Tattoo Removal & Lightening by Laser
  • Surface Anchoring
  • Surface Piercing

Coverage Features:

  • Full Package or Liability only available
  • Professional Liability with sub limits for:
      - Communicable Disease
      - Abuse Coverage
      - Privacy Failure Expense
      - Loss of Documents

Composite Package includes:

  • CGL
  • Professional Liability
  • Property, Crime, Business Interruption, and Boiler

Please contact Bridges International Insurance Services for inquiry


Monday, January 18, 2016

Substance Abuse / Rehabilitation Clinics Insurance

TARGET RISKS:
  • Drug abuse clinics
  • Alcohol abuse clinics
  • Detox/Addiction clinics
  • Live-in or out-patient
We also offer…
  • Medical Malpractice for all types of Individual Medical Practitioners
  • Coverage for all types of Products used to treat patients
COVERAGE FEATURES:
  • CGL
  • Medical Malpractice
    -  Abuse coverage, available for most clinics
    -  Punitive, Aggravated and Exemplary Damages
    -  Penal Defence Reimbursement - $50,000
    -  Disciplinary Committee Expense - $25,000
    -  Wrongful Dismissal Coverage - $100,000
    -  Loss of Document - $10,000
    -  Privacy Failure Expense Coverage - $50,000
  • Optional Property Coverage
Please contact us for your inquiry.
Bridges International Insurance Services