Echelon’s research has revealed that intermediaries have a preference to entrust their clients with well-capitalised insurers.
Our value proposition ultimately supports the intermediary’s expertise in client risk management and advocates the importance of broker expertise and representation for policyholders.
By choice, we partner with only select brokers, and simultaneously endorse the values of independent advice and personalised broker representation for policyholders.
Reach out to the Regional Marketing Manager in your area, and let us know how we can support you…
Not all Insurance Policies are created equal – Echelon is an “assets all-risk” policy, which provides wider cover than a perils-based policy.
Under a perils-based policy, the insurer only covers defined events, i.e. listed perils such as fire, lightning, explosion, storm, wind, water, hail, theft, malicious damage, earthquake etc.
If the cause of the loss or damage is not one of the listed perils, there is simply no cover. This is a more restrictive form of cover. When a policy is written on a perils basis, the burden is on the insured to prove that one of the named perils caused the loss.
Assets All Risks policies are a lot less complex. An all-risk policy covers all events unless it is specifically excluded. In other words, if the cause of the loss or damage appears on the list of exclusions, it is not covered. If it does not appear, then it is covered.
The huge advantage of an all-risk policy is that it covers you in the event of a loss you did not predict. Even though an all-risk policy will cost more, in a world where freak accidents happen, the broader your insurance coverage, the better off you will probably be. Just be sure to read the fine print so that you are clear about the stated exclusions.