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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Triple-I: Homeowners Insurance

JUNE 19, 2024

By Max Dorfman, Research Writer, Triple-I The total value of lightning-caused homeowners insurance claims rose more than 30 percent in 2023, to $1.27 billion from $950 million in 2022, Triple-I estimates based on national claims data provided by State Farm. The number of claims rose 13.8 of Claims Avg.

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Property Insurance Centre

JULY 21, 2024

Our Claims Partner, Aspray, Wins Loss Assessor of the Year 2024 We are delighted but not surprised to announce that our claims partner, Aspray, has won the prestigious “Loss Assessor of the Year 2024” award at the British Claims Awards. Key Factors Behind Aspray’s Success 1.

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Property Insurance Centre

MARCH 19, 2024

It empowers individuals to make informed decisions about insurance coverage and understand their policy rights. Consumer education ensures that individuals are prepared and protected with the proper insurance coverage and are knowledgeable about the claims process. Leads to confusion and potential gaps in coverage.

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The Property Insurance Law Observer

MARCH 4, 2024

At issue in the case was the application of the policy’s wear and tear exclusion and its exceptions. The insurance policy covered direct physical loss but contained an exclusion for physical damage caused by wear and tear, marring or deterioration. Conclusion This decision underscores the importance of clear policy language.

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Smart Insurance Agents

SEPTEMBER 7, 2024

Dependent Definition For Health Insurance Terms In health insurance, a dependent is a person who follows certain rules set by the insurance policy. They can get health coverage under the plan of the policyholder. Dependents get the same or similar health benefits as the main policyholder.

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Bankers Insurance

MAY 16, 2024

These policies can provide critical financial security as homeowners seek to protect their fiscal stability and property. 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. 3 or 5 years).

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LexisNexis

AUGUST 6, 2024

Insurance Coverage for PFAS Liability Address potential insurance coverage for tort and environmental liability arising from PFAS compounds. Practical Guidance Updates Featuring the latest updates from your Practical Guidance account.

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Property Insurance Centre

SEPTEMBER 25, 2024

Accidental damage is not usually covered by a normal building insurance policy. Define the maximum amount that you are willing to spend additional in the case of a claim. – Failure to read particular policy documents. Key Takeaways Building insurance is essential to protect your property, but it can be complex.

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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. Therefore, higher interest rates can sometimes lead to more expensive insurance. Underwriting involves evaluating risks and determining suitable premiums for policyholders.

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Hunton Andrews Kurth

MARCH 3, 2023

A comprehensive cyber policy covers attorneys’ fees and costs associated with formal regulatory or administrative investigations, including any resulting in penalties or fines. However, policyholders should be aware of the terms of their policies.

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Property Insurance Centre

JANUARY 30, 2024

Freehold Block of Flats Insurance: Top Cover Tips If you own a freehold block of flats , it’s crucial to have the right insurance coverage to protect your investment. Standard home insurance policies may not provide adequate protection for the unique risks associated with a block of flats.

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American Agents Alliance

JUNE 10, 2024

Here are some trends likely to affect E&O policies: More cyber coverage will be integrated into E&O policies. Cyber risks continue to rise in many industries and insurance policies are evolving to help meet this need, including E&O policies. E&O coverage is expanding into emerging professions.

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Protect Commercial Insurance

MAY 13, 2021

The following 5 Permissions are necessary if you’re advising or transacting on Commercial Insurance 1. This includes recommending a specific insurance policy to a customer. For example, notifying the insurer of an insurance claim and negotiating settlement on the customer’s behalf.

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Property Insurance Centre

JANUARY 4, 2024

This ensures that insured properties are adequately valued and properly insured, reducing the risk of financial loss in the event of a claim. Labour Costs and Insurance Premiums Labour costs are another significant factor affected by inflation.

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Bankers Insurance

AUGUST 8, 2024

Most commercial property insurance policies include coinsurance clauses, which encourage policyholders to carry reasonable and accurate coverage amounts. Under a coinsurance clause, a policyholder faces a penalty — usually a reduced payout — if their coverage limit is not at least equal to a predetermined percentage (e.g.,

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Hunton Andrews Kurth

MAY 12, 2022

1:22-cv-03615, (May 4, 2022 SDNY), an insurer sued its policyholder seeking a declaration of no coverage under a Product Contamination Insurance Policy in relation to the CDC and FDA’s 2018 public warning of lettuce contaminated with E. The insurer, Houston Casualty Co. In Houston Casualty Co. Andrew Smith Co. ,

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Scott Insurance

APRIL 21, 2020

Materially modifying production and assembly lines to provide desperately needed PPE products could change risk considerations and impact an organization’s insurability. These conditions include notification requirements, including timeliness, of any material change in operations.

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Redbird Agents

JULY 9, 2024

You’ve gotten lazy on studying the different types of insurance which impacts your ability to navigate your client’s needs. I spoken with thousands of insurance agents, many of whom are venturing out on their own for the first time. How to sell life insurance from home? What is an Insurance Sales Agent?

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Cover4LetProperty

OCTOBER 10, 2022

That is why a buildings insurance and contents policy typically arranged for the owner-occupying homeowner will not cover a property that is being let out either totally or even in part (a room or two in your own home, for instance). What does let property insurance cover offer by way of protection?

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Risk Management Monitor

SEPTEMBER 30, 2022

It is also important that a business establishes a single point of contact for talking with the adjuster, broker claims person, and others that will be dealing with the claim on the site. Gather insurance policies and related insurance records. Assist with the insurance company’s investigation.

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Constant Contact

JANUARY 28, 2021

Feel free to include these common questions: When should I update my life insurance coverage? Under what circumstances should I file an auto insurance claim? How do umbrella insurance policies work? Should I bundle my auto and homeowners insurance? Will my credit history influence my insurance rates?

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