There are so many existing insurance companies nowadays and more accidents that happen every minute. We cannot predict what happens to us, when and where it will happen, especially nowadays that people are always travelling and are always in the move. But what if one suddenly gets into an accident somewhere in Jakarta, Indonesia, Brunei or Singapore and your insurance company is in the states? Will you still be covered? Or will you just be left rotten inside a strange hospital with strange people around you and mountain of bills to pay?
standard property-insurance policy, companies that require a lot of coverage typically stick with a distinct policy. Some BOPs also comprise business-interruption insurance and extra-expense insurance which is two kinds of elective coverage in a property insurance policy that protect a business after a loss occurs. Business-interruption insurance provides payments for expenses like salaries, taxes and debts, in addition to any loss of profit because of the interruption of business. Extra-expense insurance recompenses the expenses of temporarily moving a business when a covered peril happens. Remember to review your policy. For instance, if a fire devastates a clothing store, extra-expense insurance will recompense for a business to continue operations and cover such expenses as buying or leasing equipment, getting new merchandise and notifying customers about changes that have happened. Source: http://duaneoliver.soup.io/post/489467658/Axis-Capital-Group-Insurance-Fraud- Malaysia-Jakarta