Many years ago, in a hollar in the Adirondacks of upstate New York, a travelling salesman met with an old farmer to try to convince him to buy a new tractor. After extolling his product to the nth degree, he ended his spiel with the comment, “Why, this tractor is so much more efficient than your old one that in three years it will pay for itself.” Duly impressed, the farmer signed the five year contract for $200.00 a month and all was well with the world – – for about six months. At that time, the tractor company had to take the farmer to court as he had not made one single payment. When the judge asked the farmer why he hadn’t made any payments, the ol’ boy replied, “Well, your Honor, their salesman said that in three years the tractor would pay for itself, so I didn’t see any reason for me to send in any money before then!” That farmer’s misunderstanding might seem comical, but it might not be comical if you think All Perils Coverage means All Perils are actually covered! That’s why you need to be well versed in UNDER-STANDING ALL PERILS COVERAGE AND YOUR GLENDALE, AZ SMALL BUSINESS
“First and foremost,” Jim Bivona of Bivona Insurance Group, LLC, an Independent Insurance Agency that services the Phoenix Metro area regarding Insurance including Phoenix, Scottsdale, Glendale, and Peoria Arizona to name just a few, shared with a wry smile in his voice, “you need to know that there is no Insurance Policy available that covers everything. What it does mean is that it will cover everything except those issues specifically exempted in the policy.”
There are a multitude of such issues, including, but not limited to:
- Mechanical Breakdowns
- Fungus & Mold
- Wear & Tear
- Electrical Damage to Electrical Devices
- Boiler Explosions
- Seepage & Sewer Backups
- Acts of War
“Now,” Bivona added with the tenderness of his heart seeping through in his voice, “if you have a particular concern about, say, floods, while your All Perils Coverage may not cover it, you can purchase a separate Flood Insurance Policy that will help put your mind at ease!”
As you can see, UNDERSTANDING ALL PERILS COVERAGE AND YOUR GLENDALE, AZ SMALL BUSINESS certainly is not something you want to ignore if you ARE, in fact, intent on making sure your Company is adequately and completely protected! As a result, you should contact Jim Bivona at 623-256-1000 with any questions, and he will be happy to discuss this concept with you in greater detail, and suggest some ways you may be able to improve your Business Coverage.
To learn more about the BIVONA INSURANCE GROUP, LLC go to www.bivonainsurance.com.
(To learn more about this issue, check out “ALL PERILS COVERAGE”)