TGS

OCTOBER 3, 2024

Claims History Both your personal claims history and the history of claims in your area can impact your premium. If you’ve filed multiple claims in the past, insurers may view you as a higher risk, which can raise your rates. Opting for a higher deductible can lower your monthly premium.

Premium 52

Premium Deductible Out-Of-Pocket Insurance 52

Risk Management Monitor

SEPTEMBER 21, 2021

With the cost of insurance for businesses rising across many types of coverage, staying on top of trends in the claims portfolio is more important than ever. For this reason, many insurers and TPAs promise to conduct claims reviews with their business customers on a regular basis, but the rigor can vary greatly.

Claim 75

Claim Injury Workers Compensation Risk 75

The Property Insurance Law Observer

JULY 29, 2024

Actual cash value of the stolen or damaged property less the deductible; or 2. Amount necessary to repair or replace the property with other property of like kind and quality less the deductible. The policyholder sued, alleging breach of contract and violation of Texas Insurance Code Chapter 542, Prompt Payment of Claims.

Policyholder 130

Policyholder Damage Deductible Liability 130

Frankenmuth Insurance

SEPTEMBER 26, 2024

Factor #3: Rise in claim severity and attorney-represented claims. When drivers submit claims today, the damages are often more severe due to the unsafe habits mentioned above. LexisNexis reports, “More than a quarter of collision claims were deemed total losses in 2023.”

Auto Insurance 88

Auto Insurance Insurance Insurer Insured 88

Frankenmuth Insurance

JULY 25, 2024

What are the coverage limits and deductibles? What is the highest amount I could pay on a claim? What deductible do I have to meet before my coverage kicks in? Can I adjust my deductible down the road? How are claims handled? What is the expected turnaround time after submitting a claim? Can I file 24/7/365?

Agents 52

Agents Deductible Premium Claim 52

Protect Commercial Insurance

JULY 26, 2024

It provides coverage for third-party bodily injury or property damage claims that may arise from accidents on your premises or as a result of your products or services. Product liability insurance protects you in case a customer claims that your product caused them harm or damage. It covers legal fees, settlements, and judgments.

Commercial 52

Commercial Insurance Broker General Liability Business Interruption 52

Boyle Agency Insurance

APRIL 27, 2024

These factors make filing a claim more likely, and they range from the condition of your home to your financial standing. Deductibles are meant to induce homeowners to take good care of the condition of their property. To avoid costly claims in the future, damage should be repaired.

Premium 40

Premium Deductible Damage Insurance 40

Shield Insurance Agency

APRIL 19, 2024

This coverage pays for damages to your vehicle regardless of fault, meaning that even if you are at fault for the accident, your insurance will cover the repair costs up to the actual cash value of your vehicle, minus your deductible. The deductible is the amount you must pay out-of-pocket before your insurance coverage kicks in.

Auto Insurance 52

Auto Insurance Deductible Out-Of-Pocket Insurance Agency 52

Scott Insurance

JANUARY 31, 2024

Although individual rates are based on specific factors such as location, credit score, claims history, age of dwelling and deductible, some general trends are leading to higher rates across the board. Increased claims and weather incidents Approximately 1 in 20 homeowner policies have a claim filed against them in any given year.

Premium 52

Premium Deductible Insurance Carrier Insurance 52

Word & Brown

SEPTEMBER 13, 2024

That includes understanding what plans offer the lowest and highest out-of-pocket costs, including deductible, copays, and coinsurance. 5: Claims Protocols Even if it is not voiced by your prospects or clients in advance, it will eventually be important to know the claims processes for each selected carrier and health plan.

Broker 52

Broker Out-Of-Pocket Broker-Agent Insurance 52

Bankers Insurance

SEPTEMBER 12, 2023

Subrogation is more than just a fancy insurance term – it’s a right held by your insurance carrier under your policy that allows them to seek reimbursement from the party found responsible for the accident after they’ve paid a claim for a covered cause of loss. HOW LONG DOES SUBROGATION TAKE? WHAT IS A WAIVER OF SUBROGATION?

Insurance Carrier 52

Insurance Carrier Deductible Compensation General Liability 52

TGS

OCTOBER 3, 2023

Deductibles 8. Policy Number If you ever need to file a claim, this policy number is what you will use. Deductibles In the event of a worst-case scenario, your deductible is the amount you’ll be obligated to pay out-of-pocket before your insurance will step in to foot the rest of the bill. Insurance Company 2.

Insurance Quotes 52

Insurance Quotes Deductible Home Insurance Out-Of-Pocket 52

Scott Insurance

JANUARY 28, 2022

While insurance coverage is typically relied upon for many property-related losses, there remains a disconnect about how mold claims are often handled by the insurance industry. Generally, these policies have higher deductibles than standard policies – $25k, $50k, or $100k are common deductibles.

General Liability 52

General Liability Deductible Liability Property Damage 52

Property Insurance Centre

SEPTEMBER 25, 2024

Define the maximum amount that you are willing to spend additional in the case of a claim. Many people make common mistakes when dealing with building insurance, which can result in inadequate coverage or denied claims. Providing an inaccurate estimate may result in inadequate coverage in the event of a claim.

Building 52

Building Damage Insurance Insurer 52

Jackson & Jackson

MAY 22, 2024

It covers property damage, loss of income, liability claims, etc. Additionally, it can provide coverage for business interruption, tenant improvements, and liability claims arising from third-party injuries or property damage on the premises. Additionally, investors can explore the option of higher deductibles to reduce premiums.

Property Insurance 52

Property Insurance Commercial Property Commercial Broker-Agent 52

ProWriters

APRIL 3, 2024

Understanding E&O Insurance Errors and Omissions (E&O) Insurance is liability coverage protecting professionals against claims for negligence, errors, or mistakes made in the course of their work. Coverage of claims made by third parties who suffer financial losses due to the insured’s actions. What does EPLI not cover?

Liability 52

Liability Cyber Property Damage Claim 52

AMAXX

JULY 30, 2024

And these losses, which I should reference, is this is in a high deductible or a loss sensitive any loss sensitive program and this could be high deductible, it could be a retro plan, it could be some captive plans where you’re participating in some of the losses.

Workers Comp 52

Workers Comp Risk Workers Compensation Injury 52

Protect Commercial Insurance

OCTOBER 4, 2024

As interest-backed assets offer higher returns, insurers might become more inclined to increase their pricing models to cover potential future claims. Existing owners might also opt for cost-saving measures, such as increasing deductibles or tweaking coverage levels, in response to fluctuating interest rates-linked costs.

Property Insurance 52

Property Insurance Out-Of-Pocket Premium Insurance 52

Smart Insurance Agents

AUGUST 31, 2024

The costs may encompass deductibles and copayments. Deductibles and Copayments Patients may need to pay a portion of the expenses upfront as deductibles or copayments before their insurance coverage kicks in. Additionally, they can involve other expenses that the plan does not cover.

Out-Of-Pocket 52

Out-Of-Pocket Deductible Insurance Insurer 52

Jackson & Jackson

APRIL 28, 2024

However, in the event of a claim, this can lead to substantial out-of-pocket expenses due to insufficient coverage limits. Cheaper policies can come with higher deductibles, more exclusions, and lower coverage limits, which could cost more in the long run. This often happens when trying to save on premiums.

Business Interruption 52

Business Interruption Out-Of-Pocket Expense Out-Of-Pocket Broker-Agent 52

Bankers Insurance

MAY 16, 2024

The homeowners insurance market is complicated and dynamic, and many policyholders have experienced increased rates in recent years despite no changes to their coverage or claims filed. Homeowners can submit a claim if they are at fault for another party’s losses, such as bodily injuries and property damage. WHAT HAPPENED IN 2023?

Home Insurance 52

Home Insurance Policyholder Out-Of-Pocket Property Damage 52

Cover4LetProperty

JANUARY 29, 2024

Risk is assessed with respect to the likelihood of loss or damage leading the insured to make a claim, since the settlement of claims paid out to the insured represent a liability for the insurer. Finally, insurance pricing is influenced by market conditions, including the overall risk landscape, claims history, and economic factors.

Home Insurance 52

Home Insurance Damage Insurance Insurer 52

Prof. Allan Manning

MARCH 11, 2024

The point about the value of any salvage going to the insurer is to my mind only fair as to allow the insured to be claiming for something not damaged and then let them earn some cash on top of that is a bit rich. This is done via the use of a sub-limit and like most things in life you get what you pay for.

Building 130

Building Damage Premium Risk 130

Scott Insurance

SEPTEMBER 13, 2021

However, organizations should anticipate increased claims in 2021 and adjust 2022 renewals to have slightly higher claims due to lingering effects on health and health care delivery. Preferred Provider Organizations (PPOs) and High Deductible Health Plans (HDHPs) remain the most popular plan types.

Out-Of-Pocket 52

Out-Of-Pocket Deductible Claim Premium 52

Distinguished

JULY 22, 2024

At Distinguished Programs, our specialty fine art and collectibles insurance offers several key advantages over relying solely on homeowners insurance: Doesn’t Affect Homeowner Premiums : If your client needs to file a claim, it won’t impact their homeowner’s insurance premiums.

Insurance 52

Insurance Insurer Insured Broker-Agent 52

Smart Insurance Agents

OCTOBER 15, 2024

Longer lapses could lead to significant financial penalties, unless exemptions were claimed on your federal tax return, emphasizing the importance of keeping your health insurance active. Before 2019, you could claim certain exemptions on your federal tax return to avoid penalties for lapses in health insurance coverage.

Insurance 52

Insurance Insurer Insured Premium 52

LexisNexis

AUGUST 13, 2024

They handle a variety of tasks , from maintaining formularies to processing claims—and they’ve been a target of state legislators for years. Pharmacy benefit managers, otherwise known as PBMs, contract with health insurers and employers to manage the prescription drug benefits of millions of Americans.

Out-Of-Pocket 52

Out-Of-Pocket Policy Deductible Claim 52

Jackson & Jackson

MARCH 18, 2024

Look for companies that specialize in high-end items and have a proven track record of handling claims with efficiency and care. Compare the coverage, limits, deductibles, and any additional benefits they offer. Consider the customer service they provide and their claims process.

Insurance 52

Insurance Insurer Insured Theft 52

Risk Management Monitor

AUGUST 30, 2021

Not only is this important for overall business operations, but it is also easier to adjust claims when you can show that you recently backed up files. When it comes to your insurance policies, it is critical to verify that your coverage includes appropriate, up-to-date limits and deductibles. Read the Fine Print.

Risk 74

Risk Damage Business Interruption Building 74

Bankers Insurance

JULY 8, 2024

In most cases, the deductible requires the insured to pay about 10 percent of any loss. Be aware that some plans require your out-of-pocket payment, and then will pay claims after the traveler returns home. Policies carry about $20 million to $30 million limits, which is generally more than enough to pay a typical ransom.

Workers Compensation 52

Workers Compensation Insurance Insurer Insured 52

American Agents Alliance

AUGUST 22, 2024

Add inflation and ongoing supply chain challenges to the mix, and the financial landscape for accident claims has drastically shifted. Vehicle repair costs, medical care, and litigation expenses have all surged. Comparing rates among carriers may help clients find the best pricing as they adjust to the increased limits.

Auto Insurance 40

Auto Insurance Agents Property Damage Broker-Agent 40

TGS

SEPTEMBER 6, 2023

If you have to file a claim during the renovation, but you failed to report the project to your insurance in advance, it can be costly. Some carriers impose a 5% construction deductible, which means extra money out of your pocket for something that would’ve been covered with advance notice.

Insurance Policy 52

Insurance Policy Policy Home Insurance Personal Property 52

Risk Management Monitor

AUGUST 9, 2022

As companies assess their natural disaster preparedness, there are some proactive measures that should be taken specifically for hail to leave organizations best positioned for any resulting insurance claims. You learn that the roof needs to be replaced due to the existence of hail damage, so you submit a claim to your insurance carrier.

Damage 78

Damage Claim Commercial Property Deductible 78

Smart Insurance Agents

SEPTEMBER 17, 2024

Insurance plans often have different deductibles and co-insurance rates for specialist visits compared to primary care visits. Patients might also receive separate bills for lab services associated with an OB-GYN visit, involving additional co-pays or deductibles. This is an important consideration when planning healthcare budgets.

Out-Of-Pocket 52

Out-Of-Pocket Out-Of-Pocket Expense Insurance Insurer 52

Bankers Insurance

AUGUST 8, 2024

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).

Commercial Property 59

Commercial Property Property Insurance Commercial Out-Of-Pocket 59

Freeway Insurance

NOVEMBER 22, 2023

They have the highest monthly premiums, but the lowest out-of-pocket expenses, including very low copayments and deductibles. While these plans come with high deductibles , they usually tend to have lower monthly premiums. Platinum Plans: These are the highest level of health care plans for students.

Out-Of-Pocket 52

Out-Of-Pocket Premium Out-Of-Pocket Expense Deductible 52

Maritime Insurance International

JUNE 5, 2020

Here are some of the most common factors: Type of boat you need covered How old your boat is and its condition Size of your boat Value of your boat Where you will use the boat Your selected coverage levels and deductibles Ask About Discounts When shopping for boat insurance, keep in mind that some providers do offer discounts. Zero Claims.

Liability 40

Liability Insurance Policy Insurance Insurer 40