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How Do You Provide Proof of Ownership?

July 6, 2015
By John Kinch

If you want to ensure your valuables are protected, home insurance is essential. In the event that your insured items are stolen or damaged, as long as you can provide the necessary documentation to support your claim, you should receive a payment from your insurer for the insured value of the items. Thousands of insurance…

Tagged: Insurance, insurance broker, personal insurnace, personal risk management

Car Wraps and Insurance: What Every Business Needs to Know

June 22, 2015
By Maree O’Mara

Vehicle wraps and detailing are a common way for businesses to promote themselves and turn their company vehicles into moving billboards. While car wraps can be fantastic for marketing, if you’re considering branding your personal or commercial vehicles, it’s important to be aware how your car insurance could be affected. What is a vehicle wrap?…

Tagged: Insurance, insurance coverage, vehicle wraps

Claiming for a Rare or Unique Boat

June 22, 2015
By John Kinch

Boat insurance is a must for anyone who is owns a boat. Pleasurecraft over certain sizes (which varies from Insurer to Insurer…so check your policy) are not covered under general home insurance so taking out a separate policy is essential to ensure your prized possession is covered in the event of damage or theft. Boats…

Tagged: boat insurance, Insurance, Insurance Brokers, marine insurance, personal insurance

Should I Make a Fusion Claim on My Home Insurance?

June 19, 2015
By Maree O’Mara

There are a number of different features within the average home insurance policy and fusion insurance is usually one of them. In a nutshell, fusion insurance provides cover for the burning out of an electric motor in household appliances. This burnout may be the result of a myriad of causes, some of which may include…

Tagged: fusion claims, home insurance, Insurance Brokers, insurnace

Insurance Terminology: Some Stuff You Should Know…

June 2, 2015
By John Kinch

If you’re spending thousands on insurance, it’s important that you understand what is required from you, what your policy covers and under which circumstances your insurer will ‘come to the rescue’. Unfortunately understanding your policy is no easy task – Insurance policies are loaded with confusing terminology and perplexing clauses. At Nepean Brokers we believe…

Tagged: Claims, clause, Disclosure, Duty, subrogation, third

Peer-to-Peer Property Rental: Do you need Insurance?

March 18, 2015
By Maree O’Mara

Are you renting your house out over holiday periods? Doing a house swop perhaps? Eiher way, you should read on. Peer-to-Peer Property Rental Peer-to-Peer property rental is when an existing homeowner makes their house available for holidaymakers to rent for a short-term stay basis. Websites such as AirBnB and Stayz provide platforms for anyone that…

Insurance Policy Basics: Professional Indemnity Insurance

February 2, 2015
By John Kinch

Does your business offer professional advice or services? Do you have Professional Indemnity Insurance? In this blog we explain why your business needs Professional Indemnity Insurance and the definitions of the terms and coverage in most Professional Indemnity insurance covers. What is a Professional Indemnity Insurance cover? A Professional Indemnity policy protects businesses that provide…

Tagged: Business Broker, Business Insurance, Professional Indemnity Insurance

The Duty of Disclosure Guide

January 19, 2015
By Maree O’Mara

What is the Duty of Disclosure? Essentially the Duty of Disclosure is where you inform your Insurer, prior to a Contract of Insurance being entered into, of your history and circumstances in order that they may make an informed decision whether or not to insure you, and if so on what terms. In other words,…

Tagged: Disclosure, Duty

What is a Co-Insurance Clause?

January 12, 2015
By Maree O’Mara

The “Co-Insurance clause”, typically associated with Marine policies, but also applicable to property Insurance policies can be defined as follows: A clause in an Insurance policy that limits the amount payable (in the event of a claim) to a sum not in excess of the value of the property damaged or subject to the loss…

Tagged: clause, co-insurance, loss, marine, property

Insurance Policy Basics: Third Parties

January 5, 2015
By John Kinch

Who is a third party? A third party is simply a natural person or legal entity that is separate from the first two parties, typically, to a contract at law. Example of a third party: If for example, Mr Joe Bloggs, as the registered owner of a motor vehicle takes out a private motor policy…

Tagged: entity, parties, seperate, third

A Beginners Guide to Claims Made Policies

January 5, 2015
By Maree O’Mara

A claims made policy is becoming quite common, but not everyone understands the implications of being a claims made policy-holder. A very common example of a claims made policy is a Professional Indemnity/Civil Liability policy. A claims made policy requires that a claim be made during the policy period, unlike a Public Liability policy which…

Tagged: Claims, long tail, made, policies

What is Subrogation?

December 8, 2014
By John Kinch

A common question we get asked at Nepean Brokers is ‘what is subrogation?’ In this blog we will outline the basics of subrogation and when it will be applicable. Subrogation: Subrogation is where the Insurer is taking the legal place of the policyholder in recovering costs from a third party. In virtually all general Insurance…

Tagged: right, subrogation, waiving

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