The industry of Family Entertainment Centers and Fun Centers is drastically growing. It is rapidly transforming and shaping its parameters year by year. The number of new fun centers that are popping up in our local neighborhoods is a sheer testament to how fast it is progressing. It seems like everywhere you turn, there is a new FEC opening its doors. Not only they are growing in numbers, but the lists of amusement attractions in these facilities are constantly improving. Advanced, state of the art equipment are being designed, manufactured and distributed like never before due to the demand the market is presenting. Arcades or bumper cars, mini golf course or batting cage, laser tag or paintball arena, inflatable or mechanical, the level of Innovative and highly sophisticated recreational apparatus never fails to impress its fans.
There was a time when FEC insurance was a blurry subject. The term FEC which stands for Family Entertainment Center never even existed until the last year or two. There was no clear-cut information available, and insurance seekers had very limited options if any. But as the industry is rocketing off in a positive direction and expanding its fame and popularity, the insurance programs designed to protect these operations must keep up with this fast pace. The insurance professionals servicing these policies need to reassess the process that they use to service this unique base of clientele. That is exactly what
As the demand for FEC insurance is growing, so is the team of experts at
There are issues that may arise throughout the process of securing an FEC insurance policy that may be more important than the rate. Of course no one wants to overpay for anything, especially in today’s economy. But the cost of the policy is not the only issue concerning the consumer, there are numerous specific topics that need to be clarified. The limits, the deductibles, the fees, limitations, inclusions, exclusions and the conditions of the policy declarations are all some of the nerve-wracking material troubling the buyer’s decision.
In conclusion, it is definitely safe to say that the industry of Amusements is positively changing. In order for any FEC owner to stay successful for a long time and to keep up with their local competitors, they must have the proper FEC insurance coverage that their business requires.
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