Force Majeure Clause in Insurance Coverage
In this photo from the Daily Mail, a car was wrecked when a tree fell down on it.
According to Wikipedia:
Force majeure (French; pronounced: [f?rs ma?œr], approximately fors ma-zhur) or vis major (Latin) “superior force”, also known as cas fortuit (French) or casus fortuitus (Latin) “chance occurrence, unavoidable accident”,[1] is a common clause in contracts that essentially frees both parties from liability or obligation when an extraordinary event or circumstance beyond the control of the parties, such as a war, strike, riot, crime, or an event described by the legal term act of God (such as hurricane, flooding, earthquake, volcanic eruption, etc.), prevents one or both parties from fulfilling their obligations under the contract.
With the many calamities happening around us that are destroying lives and property, people are encouraged to include the clause that covers “force majeure” or “acts of God” in their non-life insurance coverage.
If ever you already have or are planning to buy insurance, ask your agent about this, especially if your area is prone to disasters.
In the photo above, gales or strong winds swept across England and Wales. The highest speed was at 100mph, hitting the Pennines. It caused a lot of disruption, especially during the rush hour. And in this house in East London, a tree was uprooted and fell down on a parked car. A family was trapped inside.
Categories: Auto Insurance, Car Insurance, Non Life Insurance Tags: acts of God, agent, calamities, earthquakes, east london, england, family, floods, force majeure, gales, great britain, insurance agent, life, nonlife insurance, Pennines, property, property damage, strong winds, typhoons, united kingdom, wales, water damage
Find Low Cost Life Insurance
It is a common misconception that life insurance rates are expensive. But just like in real estate where you can build either a mansion in a prime lot location or get a small bungalow-type house in a low-cost housing area, so it is with insurance policies. You can also get a low cost life insurance if you just look for them.
The best thing to do is to call up a reputable insurance company and set an appointment with their agent. You can take a look at what they are offering or you can present to them what you are looking for in a policy as well as the amount of premiums that you can afford to shell out on specific schedules. You can pay for your premiums either annually, semi-annually, quarterly, or even monthly. However, if you pay the company every month, it will just be a hassle going over to the insurance company once a month. After all, this is going to be on top of all your utility payments.
It would be best for you to ask for insurance quotes from different companies so that you can make comparisons. Take the time to read through the fine print for any hidden charges or exclusions.
For sure, the companies will give you different rates and schedules of payments. You can go back to each of your agent and ask if you could get a discount. You can also have a better bargaining position if you have proposals from other companies so that you can tell the agent that the other company is offering you such. This way, you can zero in on the best final offer.
These are just some things that you can do in order to find the insurance policy that is right for you.
So it is not true that you cannot afford those steep life insurance rates out there. Somehow, somewhere, there is just low cost life insurance that you can afford because it is tailor-made for your pocket and your family’s needs.