Standard Liability or Insurance
#1
Just Joined
Thread Starter
Joined: Sep 2005
Location: Guildford, Surrey
Posts: 16
Standard Liability or Insurance
Does everyone know what the differences are?
I certainly don't and PSS have confused me with their comparison table!
Can someone clarify it for me?
Hubby has run away with the insurance valuation sheet so that he can send it off before I ask anymore questions...
I certainly don't and PSS have confused me with their comparison table!
Can someone clarify it for me?
Hubby has run away with the insurance valuation sheet so that he can send it off before I ask anymore questions...
#2
Just Joined
Joined: Nov 2005
Posts: 1
Re: Standard Liability or Insurance
Originally Posted by Bird
Does everyone know what the differences are?
I certainly don't and PSS have confused me with their comparison table!
Can someone clarify it for me?
Hubby has run away with the insurance valuation sheet so that he can send it off before I ask anymore questions...
I certainly don't and PSS have confused me with their comparison table!
Can someone clarify it for me?
Hubby has run away with the insurance valuation sheet so that he can send it off before I ask anymore questions...
Hey Bird,
I too have spent some time pondering over the difference myself and been on the phone to PSS and I think I have it now, right, so the way it works is if you take out Marine Insurance your contract is between you and the Insurance Company and you pay the premium as well as an Insurance premium tax. If you needed to make a claim it would be down to the Insurance Company to decide how much to pay out. Still with me, so thats one side of it and the Standard Liability option means you claim off the Removal Company but they have an independent company to handle this, and the Removal Company's liability is backed by an Insurance Company but any claim is dealt with by the independent company.
Hope this helps
J
#3
Just Joined
Thread Starter
Joined: Sep 2005
Location: Guildford, Surrey
Posts: 16
Re: Standard Liability or Insurance
cheers sweetie. Makes perfect sense.