Remove Claim Remove Insurance Quotes Remove Theft
article thumbnail

What is a Loss History Report?

TGS

This is where a loss history report comes inits like a propertys report card for past insurance claims. A loss history report provides a record of insurance claims 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.,

Claim 52
article thumbnail

The Real Cumulative Cost of an Auto Insurance Claim

Freeway Insurance

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. Freeway Insurance is a company well known for making sure that drivers across the United States have good insurance coverage.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Keeping Coverage Affordable: California Drivers Will See Auto Insurance Rate Increases in 2025

Freeway Insurance

The current average cost of an annual car insurance quote in California for minimum required liability is $670 for minimum required liability*. 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.

article thumbnail

10 Factors That Affect Homeowners Insurance Premiums in Florida

TGS

These features reduce the risk of significant damage or theft, meaning less risk for the insurance company. Claims History Both your personal claims history and the history of claims in your area can impact your premium. So, not only do these add-ons keep you safe, but they can also keep more money in your pocket.

Premium 52
article thumbnail

Builder’s Risk Insurance in Tennessee: A Broker’s Guide 

Distinguished

Job sites that are under construction are prone to things like fire, theft, and vandalism. All of which can cost their property or business owners millions of dollars in losses without adequate insurance coverage. This is why the popularity of Builder’s Risk insurance is growing.

Risk 52
article thumbnail

Top Reasons Your Home Insurance Premium Might Increase [2024]

TGS

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 insurance claims. 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.

article thumbnail

Captive Agent vs. Independent Agent: What’s the Difference and Why Does It Matter?

TGS

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.

Agents 52