Finally you are ready to obtain your bikram yoga insurance policy, what’s the right thing to do at this crucial moment. Aside from giving your insurance policy a good read, check if it contains the following vital parts.
Declaration of your insurance policy coverage
This is the first page you will come across upon receiving a printed copy of your Bikram Yoga Insurance Policy, the declaration page where it contains the name of the person insured, the date the policy was acquired as well as its period of coverage. You can also find here all information relevant to your insurance policy, the extent of coverage and limitations.
Definition of terms
Another section of your bikram yoga insurance is the definition of terms. This page is mainly focused on word, phrases and other terminologies that a customer should know. Here you will find brief descriptions and explanations of definitions that you don’t usually hear at your daily conversation like words “Deductible” or Third party liability”. It’s the usual glossary you can find in a textbook, the only difference is it’s purely related to insurance.
Coverage of your policy
The next page you will normally see on a legal copy of the Bikram Yoga Insurance Policy is the coverage page where its scope is more about the specific coverage the policyholder is entitled when unavoidable events arise resulting to physical injury, lost of property or damages. This page can also include liability coverage.
Exclusions on your insurance policy
Among the pages that must be present with your bikram yoga insurance policy are the exclusions where the limitations of your coverage are discussed as well as events that aren’t covered with your protection coverage.
Another section that could be present in any insurance policy are the limits and/or special limits. This part aims to explain the financial responsibility of the insurance company or insurer to any future claims covering the losses or injuries.
Terms and conditions
This section contains all the policies governing your bikram yoga insurance. It also states the general responsibilities of the insurer and policyholder. You may also find a portion of this section where it shows how the policyholder can terminate the insurance or cancel payments.
The last section of your Bikram Yoga Insurance Policy is the insurance endorsement page. You will find here other additional types of insurance coverage and their corresponding definitions. This page may also cover the amendment endorsement where terms are discussed in events the policyholder may wish to add or change some of his or her protection coverage.
Are you ready to explore the advantages of your Bikram Yoga Insurance Policy? Take your time, find a comfy seat and stay focused on this legal document before you go ahead. In the event you still find some terms confusing or misleading, contact your licensed insurance broker and schedule a private meeting. Stay well informed about the scope of your protection coverage and make sure you are getting exactly what you paid for from this insurance policy.
Gym Insurance HQ specialises in the fitness industry and their team of brokers can assist you with your Bikram Yoga Insurance Policy. Request a quote online or give them a call by phoning 1300 815 344 .