Remove Compensation Remove Insurance Claim Remove Insurance Policy
article thumbnail

Does Home Insurance Cover Burglary?

Paragon Independent Insurance Agencies

Does Home Insurance Provide Coverage for Burglary? While each home insurance policy differs, they typically provide coverage for burglary. If your home has been burglarized recently, your home insurance policy may cover the cost of repairing any damage caused by the burglars.

article thumbnail

Home Insurance Claims, What To Do

Boyle Agency Insurance

This Bogle Agency Insurance blog post will guide you through the necessary steps to take after a disaster strikes and how to navigate the home insurance claims process smoothly. Home Insurance Claim Step I: Assess the Safety of Your Home After a disaster, the safety of you and your family should be the top priority.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Split Decision: Florida Districts Clash Over Insurance Coverage for Unperformed Repairs

The Property Insurance Law Observer

The court emphasized that under both the insurance policy’s plain language and Florida Statute §627.7011(3)(a), payment of replacement cost value is contingent upon the actual completion of repairs. Universal”) after their property sustained water damage that led to mold. in damages.

article thumbnail

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

Freeway Insurance

Underinsured drivers : About 6% of California drivers are currently underinsured, meaning their coverage levels are not high enough to fully compensate other drivers and their passengers and property in the event of an at-fault accident. What’s Causing the 2025 Insurance Boost in California?

article thumbnail

What is Subrogation and How Does it Work?

Bankers Insurance

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.

article thumbnail

What Does It Mean to Be a No-Fault State?

TGS

The Basics: Defining a No-Fault State At its core, a no-fault state is one where your car insurance policy takes care of your medical expenses and certain other costs, regardless of who caused the accident. Pros: Faster Claims Processing: Since you’re dealing with your own insurer, claims are often processed more quickly.

article thumbnail

Emerging Property Insurance Trends 2024

Property Insurance Centre

This is a significant concern as it leaves property owners vulnerable to potential financial losses in the event of a claim. Furthermore, underinsurance can result in delayed or denied claims, leaving property owners in a difficult situation. Social inflation and rising claim costs are top concerns for liability insurers.