What is the difference between Collision and Comprehensive coverage for my automobile?
In the event of a covered accident involving a collision with another vehicle, collisions insurance covers the damage to your vehicle
Comprehensive car insurance pays for damage to your vehicle caused by covered events such as theft, vandalism or hail, which are not collision-related.
What is a No Claims Bonus
A no claims bonus rewards you for every year you don’t make a claim. It is generally used in motor insurance and is an incentive for safe driving. A long duration of claim free years can significantly reduce your premium
Who Can Drive my Car
Only people named on the insurance certificate including the policy holder can drive the vehicle. Cover may be restricted for younger drivers
What is an endorsement?
An endorsement can be applied to a policy to either extend or reduce the cover provided by the policy. They can be added at the start of the policy or mid-year if new information is given regarding the policy holders
Should I buy collision insurance if I have an old car?
It is best to keep collision insurance on your old car because it would cost a lot to repair or replace any damage caused in the event of a collision
What is the difference between bodily injury liability coverage and medical payments coverage?
What Happens If I Under Insure My Home?
In general the average clause applies to policies where under insurance is involved. This means that if the sum insured at the time of the loss is less than the insurable value of the buildings or contents the amount claimed under the policy may be reduced in proportion to the under insurance.
What is a household policy excess
An excess is the first amount of any loss that you are responsible for paying in the event of making a claim. This amount is deducted from the total claim settlement figure. Some home insurance policies will include policy excess. Here at Gleeson Insurace we will find the home insurance policy to suit you
Will my premium increase if I make a claim?
If you make a claim, you will lose your no claims bonus. There may also be an increase in your premium for next year
Flood Prone Areas
Unfortunately the Irish weather can lead to flooding during the year. When taking out a policy, ensure that you know the flood risks for your home and whether or not you are protected against flooding
Do I need Business Interruption Insurance
Business interruption insurance protects you if you suffer a financial loss or disruption to your business resulting from an insured damage claim. It covers your loss of gross revenue or gross profit.
It can even cover additional expenses, cost of alternative accommodation or loss of rent. You can avail of optional extensions to suit your specific requirements such as loss of public utilities, denial of access, customer premises extension, notifiable diseases, etc.
Business Interruption may not be as standard on all business policies so please check your quotes to ensure it is operational.
What Type of Property does Landlord Insurance Cover
Business Landlord insurance cover is suitable for a wide range of buildings types, including commercial retail units, multi-use residential units and mixed residential units, as well as retail or commercial warehouses, restaurants, offices, pubs, cafes and takeaways.
It also covers properties that are unoccupied, vacant, for sale, under renovation and vacant purchase.
Is Business Insurance a legal requirement?
The only type of business insurance you’re legally required to have is employers’ liability cover. This is only required if you employ your own staff
Do I need business insurance if I'm self employed?
Business insurance can be important if you’re self-employed. The type you require depends on your industry and business size among other things. Policies such as public liability or professional indemnity insurance can apply if your business deals with the general public or with client data, and if you employ others then employers’ liability insurance will still be a legal requirement.
Is my trailer covered under my tractor policy?
This depends on your policy. Some policies require trailers to be insured as an add on. At Gleeson Insurance we will help find the right insurance for your farm
Do I get discounts for having a safety statement?
Most policies do not offer discounts for safety statements however the safety statement can contribute to your no claims bonus which could reduce your premium in the future.
Do I need Employer's Liability Cover if I don't employ anyone full time?
Because accidents do happen it is best to take out an employer’s liability insurance cover. This protects you in the event of a part time worker getting injured. Taking out a full yearly policy ensures that anyone working for you on your farm at any time will be covered