| Transurance Services, LLC |
Frequently Asked Questions
Why bother?
Given that there is no hassle in buying Transurance or adjusting claims,
there is no bother. By setting its property insurance deductible, a
company has determined that any amount of costs associated with a
property loss above that amount is significant and should be covered.
Transurance is just more of something that the insured has already
determined has value, without any additional hassle. While the probability
of having a large loss is relatively small, the consequences of that loss
may be devastating. Just as insurance helps mitigate the financial impact
of the direct costs associated with such a loss, Transurance helps
mitigate the collateral damage.
Should I take a "wait and see" approach?
Since there is no hassle in securing Transurance coverage, no policy
wording to negotiate, and no claim adjustment process, there is nothing to
be proved with Transurance. Delaying a Transurance purchase to gain
experience with this product only makes sense if one must personally
experience collateral damages before doing something about them.
Good risk managers learn from other people’s experiences and take
actions that make economic sense.
Why haven’t I heard about Transurance from my insurance broker?
They may be unaware of this coverage. Once insureds express interest
in Transurance, they can expect their brokers to offer helpful advice about
this coverage.
Given that there is no hassle in buying Transurance or adjusting claims,
there is no bother. By setting its property insurance deductible, a
company has determined that any amount of costs associated with a
property loss above that amount is significant and should be covered.
Transurance is just more of something that the insured has already
determined has value, without any additional hassle. While the probability
of having a large loss is relatively small, the consequences of that loss
may be devastating. Just as insurance helps mitigate the financial impact
of the direct costs associated with such a loss, Transurance helps
mitigate the collateral damage.
Should I take a "wait and see" approach?
Since there is no hassle in securing Transurance coverage, no policy
wording to negotiate, and no claim adjustment process, there is nothing to
be proved with Transurance. Delaying a Transurance purchase to gain
experience with this product only makes sense if one must personally
experience collateral damages before doing something about them.
Good risk managers learn from other people’s experiences and take
actions that make economic sense.
Why haven’t I heard about Transurance from my insurance broker?
They may be unaware of this coverage. Once insureds express interest
in Transurance, they can expect their brokers to offer helpful advice about
this coverage.
Copyright © 2008, Transurance Services, LLC. Terms of Use.
 |
 |
 |
 |
 |
 |
 |