Remove Agents Remove Deductible Remove Property Damage
article thumbnail

Protect Your Finances: The Truth About Small Insurance Claims

Shield Insurance Agency

Small Insurance Claims Can Raise Premiums Small insurance claims, such as those for minor property damage, may seem like a hassle to deal with. Many policyholders may be tempted to file a claim for every little incident in the belief that their insurance policy will cover all damages.

article thumbnail

How to Read Homeowners Insurance Quotes

TGS

This proposed estimate can change in price as your agent works to refine your quote so that it’s curated to suit your unique coverage needs. Deductibles 8. This number is sometimes helpful when consulting with your insurance agent, as well. How to Read Your Homeowners Insurance Quote 1. Insurance Company 2. Policy Number 3.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Tips for Buying Home Insurance

Bankers Insurance

Coupled with the significant property damages caused by the aforementioned natural disasters, these price increases make claims submitted by policyholders who must repair or rebuild their homes considerably more expensive. Prices for building supplies, such as lumber, concrete, masonry and steel, have skyrocketed in recent years.

article thumbnail

Save Money on Small Business Insurance in California

Jackson & Jackson

Small business insurance covers property damage, liability claims, and employee-related risks. Obtain quotes from multiple insurers, comparing their coverage options, limits, and deductibles. Don’t forget to take advantage of any tax deductions available for your business insurance premiums.

article thumbnail

The Importance of Accurate Valuation in Commercial Property Insurance

Bankers Insurance

For example, if an insured’s property is valued at $1 million, but their coverage limit is $700,000 and their policy includes an 80% coinsurance clause, they would likely receive only $43,750 after incurring $50,000 in property damage from a covered event, depending on when their deductible is applied (700,000/800,000) x 50,000 = 43,750).

article thumbnail

Do You Need Boat Insurance?

Maritime Insurance International

A boat insurance policy could offer you coverage for the following: Property Damage. An accident resulting in damage to or loss of your own boat or someone else’s property can be covered. It deducts a certain amount of money from the vessel’s original value to account for depreciation. Bodily Injury.

Insured 40
article thumbnail

Understanding Multi-Family Property Insurance in California.

Jackson & Jackson

. “Understanding Multi-Family Property Insurance” Commercial property insurance is a vital safeguard for property owners, protecting their assets against various risks. It covers property damage, loss of income, liability claims, etc. The post Understanding Multi-Family Property Insurance in California.