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TGS Insurance Blog Roof claims have become a significant concern for homeowners and insurers alike, with costs escalating dramatically in recent years. Shortened Roof Lifespans: In hail-prone states, the average roof lifespan is just 15 years, increasing the frequency of claims. According to Verisk’s “U.S.
This is where a loss history report comes inits like a propertys report card for past insuranceclaims. A loss history report provides a record of insuranceclaims filed on a property, typically over the past five to seven years. This report includes: Claim Details Dates of past claims, type of loss (e.g.,
TGS Insurance » Blog 5 Must-Know Tips for Comparing Home InsuranceQuotes Choosing the right home insurance policy can sometimes feel like trying to find the perfect coffee order—it’s a delicate balance between what you need and what works best for your wallet. So, take a hard look at the coverage amounts in each quote.
TGS Insurance » Blog What Is a Homeowners InsuranceQuote? A homeowners insurancequote is the proposed amount that you would pay an insurance carrier to cover your home. The quote will be based on many factors, including your home’s age, building features, location and size, as well as your insurance score.
Insurance tip: In a liability claim, your preparedness can make a huge difference. Insurance tip: Some insurers offer discounts for advanced safety features. These technologies may also bolster your case if you ever face a liability claim. Have you disclosed your pool to your insurer?
Customer Service: You might prefer a company with better customer support or claims handling. Whatever your reason, understanding how to change home insurance with escrow ensures the process goes smoothly. Common Questions About Changing Home Insurance with Escrow Can I Change My Home Insurance at Any Time?
How Credit Score Impacts Home Insurance At its core, your credit score is a measure of financial reliability. 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.
Those listed on your home insurance, known as the named insured, have the power to make changes to the policy, cancel it, or make a claim. However, the homeowners insurance coverage extends beyond those named on the policy. Either of these endorsements can also be used to grant someone the ability to make claims.
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. Get an instant quote with TGS InsuranceAgency to see how you can save.
Knowing exactly what to do after a car accident can make all the difference in ensuring a smooth claims process, protecting your rights, and, most importantly, keeping everyone safe. Plus, having a police report on file can help you later when dealing with insuranceclaims. Who should you call?
TGS Insurance » Blog Captive vs Independent InsuranceAgency: What’s the Difference? In order to understand the benefits of using an independent insurance agent, it’s essential to recognize what sets them apart. Insuranceagencies can be sorted into two categories: captive and independent.
The no-fault system was designed to streamline the claims process, reduce the burden on courts, and ensure that accident victims receive compensation more quickly. Think about it—if your insurance is responsible for your expenses regardless of fault, you’re not stuck waiting for an at-fault driver’s insurance to approve or deny your claim.
It might seem like a lot of fuss over your home’s specs, but here’s why it matters: these details help the insurer calculate risk. An older home, for instance, might have outdated wiring or plumbing that increases the likelihood of a claim down the line. Insurers want to know what measures you’ve taken to protect your home.
Accurate Coverage : Knowing the value of your belongings ensures that your homeowners insurance or renters insurance policy offers sufficient coverage. Streamlined Claims : In the aftermath of a loss, an inventory simplifies the claims process. Without this, you risk being underinsured.
Every year your home grows older, it becomes more prone to issues such as plumbing leaks, electrical faults, or roof damage—all of which can lead to costly insuranceclaims. Insurance companies take this aging process into account when assessing risk, and as your home’s structure and systems age, the likelihood of a claim increases.
Simply put, a deductible is the amount you agree to pay out of pocket before your insurance kicks in after a claim. Conversely, if you’re someone who drives less frequently and in low-risk areas, you might feel comfortable taking on a higher deductible because the chances of needing to file a claim are reduced.
Theyve likely memorized every detail of the policies they sell, from the fine print on coverage to the claims process. Independent agents, for example, often advocate for their clients during claims processes, leveraging their relationships with multiple carriers to ensure a smoother experience. But theres a catch.
Document the Damage : Take photos or videos for your insuranceclaim. Call Your Insurance Agent : Reach out to your agent to start the claims process. Having the right homeowners insurance coverage can make all the difference. Having a robust homeowners insurance policy ensures youre ready for the unexpected.
Start exploring your options today with a free, instant home insurancequote , no strings attached. Additional Insured vs. Additional Interest: Understanding Your Policy The post How Can I Get Homeowners Insurance After Non Renewal? appeared first on TGS InsuranceAgency.
What is Agreed Value Auto Insurance? Unlike standard auto insurance, which typically bases claims on the actual cash value (think market value minus depreciation), agreed value auto insurance is all about clarity and mutual understanding.
What is Agreed Value Auto Insurance? Unlike standard auto insurance, which typically bases claims on the actual cash value (think market value minus depreciation), agreed value auto insurance is all about clarity and mutual understanding.
This helps them confirm that you stay insured without giving them the power to adjust your policy or get claim payouts. Additional Interest On Your Auto Insurance For an auto insurance policy, having an additional interest is less common.
These devices can help prevent accidents and reduce the likelihood of costly claims. To insurance providers, that’s a win. This risk reduction translates to fewer claims and, consequently, a lower likelihood of large payouts. This level of protection is music to an insurance provider’s ears, as it can prevent expensive claims.
Let’s dive into some budget-friendly safety upgrades that can help you save money while giving your home insurance provider fewer reasons to worry. Why Home Safety Affects Insurance Premiums Insurance companies calculate premiums based on risk. Simply put, the safer your home, the lower the chance you’ll file a claim.
Unreported Renovations Can Cause a Lapse in Coverage For significant home renovations, your insurance carrier may require you to notify them about the project up to 30 days before construction starts. 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.
TGS Insurance Blog As winter melts away and flowers start to bloom, its time to tackle that spring home maintenance checklist. This seasonal refresh isnt just about sprucing things upits also your chance to protect your biggest investment and avoid costly surprises that could lead to an insuranceclaim.
Water damage is one of the most common home insuranceclaims, so taking preventive steps here is key. This documentation helps track progress and can be invaluable if you need to make an insuranceclaim. Verify Contractor Credentials If youre hiring professionals, ensure theyre licensed, insured, and experienced.
For instance, when creating a blog post for an insuranceagency, it’s not enough to focus solely on informative content. For insuranceagencies, terms like “affordable auto insurance” or “home insurancequotes” might prove valuable targets.
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