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TGS Insurance Blog Lets be realwhen its time to pick an autoinsurance policy, most of us are just hunting for the cheapest option that doesnt leave us totally exposed. So, lets break it down: what exactly is liability only autoinsurance, and what risks are you signing up for if you roll with it?
New Legislation Means Many California Drivers Will Need More Coverage in 2025 Now that 2025 is here, many California drivers will face another significant autoinsurance rate increase. This latest change could disproportionately affect communities where insurance costs already strain household budgets.
Injury claim severity in the state is slightly higher than in the rest of the country. For example, the IRC findings across personal auto lines show a dual trend in Georgia of increased claims and litigation. Data indicates that litigation costs have become a pervasive concern for risk management.
From property protection to liability coverage, ensuring your business insurance policies align with your expansion is critical. Without the right coverage, unforeseen challenges—such as propertydamage, employee injuries, or legal issues—could put your investment at risk.
The state mandates that all registered vehicles carry minimum autoinsurance coverage as the Florida Financial Responsibility Law outlines. Specifically, drivers need: $10,000 in Personal Injury Protection (PIP) : Covers medical expenses for you and your passengers, regardless of whos at fault.
TGS Insurance Blog Understanding the New North Carolina Minimum AutoInsurance Requirements Effective January 1, 2025 Starting January 1, 2025, North Carolina will implement new minimum autoinsurance requirements, marking a significant update to the state’s financial responsibility laws.
So, how do you determine which commercial insurance products will best protect your business? Commercial autoinsurance is essential if your company owns or operates vehicles—whether for deliveries, client visits, or transporting goods. Let’s break it down.
Basic Information About Driving a Vehicle in Florida What type of car insurance policy is required by law in Florida? A proof that you have purchased Personal Injury Protection (PIP) and PropertyDamage Liability (PDL) automobile insurance must be presented before you can be allowed to register a vehicle with at least four wheels in Florida.
In a no-fault state like Florida, every driver is required to carry Personal Injury Protection (PIP) coverage. This coverage is the backbone of the no-fault system, as it ensures that your insurance policy will cover: Medical Expenses: PIP typically covers a portion of your medical bills resulting from an accident, up to a certain limit.
Optional Coverage Enhancements For added security, landlords can customize their policies with: Flood and earthquake insurance: Protection against natural disasters. Hired and non-owned autoinsurance: Liability coverage for vehicles used in property management.
Others verify that you have a separate car (with standard autoinsurance ) that you use for your day to day activities, such as your commute. >> >> TGSI TIP: Ask your insurance agent about Under Construction coverage for an ongoing restoration project. It all starts with a free quote , no strings attached.
However, with opportunity comes risk: propertydamage, liability claims, and unexpected financial losses can quickly turn a profitable investment into a costly liability. For brokers and agents, understanding landlord insurance in Chicago is crucial for helping clients safeguard their investments while expanding business opportunities.
If a client trips over cables during a meeting at your office or your equipment damages their property, General Liability Insurance provides coverage. Business PropertyInsurance Your servers, laptops, and office equipment are essential for running your IT business.
Immediately after the accident, check yourself and your passengers for injuries. It’s also important to remember that injuries aren’t always obvious right away—adrenaline can mask pain, so be cautious even if you feel okay at first. Plus, having a police report on file can help you later when dealing with insurance claims.
Florida’s Strict Insurance Requirements Florida is a no-fault state , meaning that drivers must rely on their own insurance to cover medical expenses after an accident, regardless of who caused it. PropertyDamage Liability (PDL): $10,000 minimum to cover damage you cause to another person’s property.
Understanding Small Business Insurance in California The Basics of Business Insurance Before diving into the world of insurance savings, it’s crucial to understand the basics of business insurance. Small business insurance covers propertydamage, liability claims, and employee-related risks.
The legislation, effective January 1, 2025, will increase the current minimum of $15,000 per claimant and $30,000 per occurrence for bodily injury, and $5,000 for propertydamage (15/30/5), to $30,000 per claimant, $60,000 per occurrence for bodily injury, and $15,000 for propertydamage (30/60/15).
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