AMAXX

MARCH 24, 2025

Click Link to Access Free PDF Download “Workers’ Comp Claims Review Checklist: 9 Must-Have, Serious-Impact Elements” A common and costly mistake employers make is overlooking allowable payroll deductions. It is crucial to segregate payroll accurately by the correct classification codes. All state laws vary.

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Workers Comp Premium Injury Workers Compensation 71

TGS

OCTOBER 28, 2024

TGS Insurance » Blog How to Choose the Right Auto Insurance Deductible When it comes to auto insurance, one of the most important decisions you’ll make is selecting your deductible. But what exactly is a deductible, and how do you know which one is right for you? So, how do you choose the right auto insurance deductible ?

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Deductible Auto Insurance Out-Of-Pocket Premium 52

Paragon Independent Insurance Agencies

JULY 31, 2024

The deductible is one of the most important decisions to make when choosing a homeowners policy. We are here to help you fully understand what a home insurance deductible is and which is best for you. What is a Home Insurance Deductible? The deductible isn’t just a one-time payment. Reach out to us today!

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Deductible Home Insurance Out-Of-Pocket Damage 40

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.

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Claim Injury Workers Compensation Risk 75

Shield Insurance Agency

AUGUST 20, 2024

Shield Insurance Blog | Small Insurance Claims | Contact Our Sales Team! Small Insurance Claims Can Raise Premiums Small insurance claims, such as those for minor property damage, may seem like a hassle to deal with. However, filing small insurance claims can have long-term financial consequences.

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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.

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Damage Claim Commercial Property Deductible 78

American Agents Alliance

JANUARY 30, 2025

The California Department of Insurance worked closely with local, state, and federal leaders to ensure that the programs costs are not deducted from insurance benefits. If the debris removal program is genuinely available at no cost to all Los Angeles County residents, it should not affect their insurance claims, said Commissioner Lara.

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Protection Out-Of-Pocket Policyholder Deductible 52

Word & Brown

SEPTEMBER 25, 2024

According to reporting last year by KFF (the independent source for health policy research, polling, and journalism formerly known as the Kaiser Family Foundation) data from insurers for Affordable Care Act Marketplace plans show nearly 17% of in-network claims were denied in 2021.

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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.

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Policyholder Damage Deductible Liability 130

Freeway Insurance

OCTOBER 8, 2023

Understanding how much car insurance claims typically cost involves taking a look at the complicated world of car insurance, where many things can affect the numbers. The average cost of auto claims is important to both insurance companies and people who have insurance. What Is A Car Insurance Claim?

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Auto Insurance Insurance Claim Claim Out-Of-Pocket 52

Distinguished

MARCH 20, 2025

And with rising property values, more frequent catastrophic weather events, and emerging risks like habitability claims, its never been more critical to help your clients navigate their insurance options. What Kinds of Claims Get Made in Apartment Buildings As a team, weve seen all kinds of claims related to apartment buildings.

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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.”

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Insured Insurer Insurance Auto Insurance 83

Freeway Insurance

JANUARY 3, 2025

More vehicles on the road lead to a higher risk of accidents, which in turn raises the number of claims that insurance companies must cover. With more claims to pay out, insurers need to adjust their pricing models to account for the greater financial risk, which leads to higher premiums for drivers across the board.

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Auto Insurance Premium Liability Insured 98

Boyle Agency Insurance

DECEMBER 3, 2024

Deductibles The deductible is the amount you must pay out of pocket before your insurance coverage kicks in after an accident. A higher deductible generally leads to lower premiums, but it also means you will have to pay more in case of a claim so cheaper is not always better!

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Premium Auto Insurance Out-Of-Pocket Deductible 73

AMAXX

JANUARY 14, 2025

Employers bear the cost of premiums and may also pay retained losses, such as deductibles, depending on their coverage structure. Impact of Prior Claims: An employers premium reflects the number and severity of past claims, incentivizing investment in safety programs and proactive risk management to reduce claims over time.

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Workers Compensation Compensation Workers Comp Injury 98

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?

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Majesco

MARCH 27, 2025

Increased repair costs, a component of inflation, was cited by nearly half for both auto and homeowner insurance and is far higher than Gen Z and Millennials, likely reflecting the years of owning insurance and understanding the makeup of claims costs. However, only 38% of renters insurance customers believe they can influence their rates.

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TGS

OCTOBER 30, 2024

Imagine discovering after a claim that the policy won’t pay enough to replace your roof or cover water damage. Mind the Deductibles—Higher Isn’t Always Better A deductible is the amount you pay out of pocket before your insurance steps in. Haven’t filed a claim in years? Does the company handle claims efficiently?

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LexisNexis

AUGUST 19, 2024

at the time of filing the I-864 and no longer claiming the FEIR for the current tax year. An LPR who is claiming the FEIE based on being a bona fide resident must be a citizen of a country that has a treaty with the U.S. A sponsor who finds themselves in this scenario would need to show that they have taken steps to make the U.S.

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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.

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Premium Deductible Out-Of-Pocket Insured 52

Healthinsurance.org

DECEMBER 3, 2024

Then, make sure you enroll by December 15 so that you’re eligible to claim the subsidy for all 12 months of the year. This means the out-of-pocket costs counted against your deductible and out-of-pocket maximum will reset to $0, even if you have out-of-pocket expenses in January. Letting your plan auto-renew?

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Out-Of-Pocket Expense Out-Of-Pocket Premium Deductible 116

Leadsurance

NOVEMBER 19, 2024

Just remember, when comparing apples with apples in terms of the level of coverage as well as deductibles, make sure you are actually doing so compared with other quotes. Up Your Deductive Your deductible is the cash amount you agree to pay when making a claim, whereas the insurance only kicks in thereafter.

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Home Insurance Premium Deductible Insured 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.

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Protect Commercial Insurance

NOVEMBER 8, 2024

It provides protection against a plethora of risks, including property damage, liability claims, theft, and even employee injuries. – Professional Liability Insurance: Also known as Errors and Omissions Insurance, this covers businesses against claims of negligence or harm resulting from professional services.

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Commercial Insurance Commercial Premium Deductible 52

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.

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Auto Insurance Deductible Out-Of-Pocket Insured 52

PSM Brokerage

JANUARY 22, 2025

Do: Clearly state premium costs, deductibles, and coverage benefits. Dont: Use vague or exaggerated claims, such as free coverage for everyone unless the context is explained. Use Official Terminology Correctly Ensure youre using Marketplace-related terminology properly.

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Jackson & Jackson

APRIL 29, 2024

Increase Your Deductible Increasing your deductible is one of the simplest ways to lower your insurance premiums. This means you will pay more out of pocket in case of a claim, but your monthly or annual insurance costs will be lower. Strategy: Install modern fire alarms, sprinkler systems, and security systems.

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Commercial Property Property Insurance Commercial Deductible 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.

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Commercial Insurance Broker General Liability Business Interruption 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.

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Premium Deductible Insured Insurer 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?

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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.

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Premium Deductible Insured Insurer 40

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.

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Building Damage Premium Risk 130

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.

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TGS

NOVEMBER 20, 2024

Insurers use a version of it—often called a credit-based insurance score—to assess how likely you are to file a claim. Studies have shown a correlation between lower credit scores and higher claim activity. Your claims history. Increase Your Deductible: Opt for a higher deductible to lower your monthly premium.

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Home Insurance Premium Insured Insurer 52

American Agents Alliance

FEBRUARY 7, 2025

This trend describes the phenomenon of unexpected rising insurance claim costs because of societal trends and views toward litigation. Unforeseen litigation costs can drive up the costs of claims unexpectedly and policyholders may feel they were not advised of their coverage adequately.

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ProWriters

NOVEMBER 13, 2024

Knowing policy limits, deductibles, and exclusions is critical. Doing so will help them better grasp their policies’ nuances, discuss risk management strategies, and prepare for potential claims. The CrowdStrike outage highlights the potential for significant financial losses due to downtime.

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Distinguished

SEPTEMBER 17, 2024

We can consider weather related claims, but claims of theft, vandalism, and fire, for example, would be an automatic decline. What are some of the key factors you consider when determining appropriate coverage limits and deductibles? Properties in a high wind hail area may be subject to an increased wind deductible.

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