We all try to make sure that our home, car, health, and other stuffs remain secure and insured. But have you ever thought about your supply of food and water. You can live a day or maybe a year with your car. But what if there is no food or water to quench your thirst? Today, food insurance is a term that is known by more or less millions of people across the world. The reason being the increase in natural disasters from every corner of the globe & the broadcasting of such events from & by the media. As nature puts forth severe survival threats, have you ever wondered if you are prepared to face such a dilemma and get basic amenities like food, water and cloth for your family and yourself?
Now, what is food insurance and how it can help you? Would it help you immediately after a disaster or come into the scene later just like your home and car insurance do? Do you know what types of food insurance are available out there? Check out the following types and see what suits your best needs.
1) Homeowners food spoilage insurance: You could have this type of food insurance within your homeowners or renters insurance. This type of food insurance mainly covers food spoilage due to any problem that is covered under your policy. This type of food insurance might not be sufficient in case there is a disaster since homeowners food spoilage insurance will reimburse the covered with money and not food.
2) Food liability insurance: This type of food insurance protects a consumer if he/she gets unwell after eating from somewhere - such as a restaurant or food produced by a company. This type of insurance is not available to the public and is only purchased by big brands of food chains to give them liability protection in case there is a suit due to the food they prepare or produce.
3) Food insurance supplies: Nowadays, few companies have come ahead with a food insurance policy that works completely different than the above mentioned homeowners food spoilage insurance. This type of food insurance works by storing food and water supplies in order to supply immediately during disasters. Today, www.foodinsurance.com is one of such companies that has become very popular among the mass since the reliability it offers.
4) Food insurance self-insure: Self-insurance is another option that has become very popular among those people who want to take an active part to ensure their supply of food and water during a catastrophe and don’t want to remain entirely dependent on a company to cover for their losses. Another reason for it’s popularity is that self-insuring helps one avoid the high costs of insurance premiums. So how do you go with a self-insurance as long as it’s food insurance?
- First, determine how long a catastrophe & its after-effects could remain
- Secondly, what amount of food & water you might need for your family and yourself
- Make sure the supplies will keep a long shelf life and are portable so that you can carry with you if required
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