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Protect Your Finances: The Truth About Small Insurance Claims

Shield Insurance Agency

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. Additionally, small claims often require you to pay a deductible.

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Navigating Michigan Auto Insurance: Understanding Collision Coverage

Shield Insurance Agency

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.

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FACTORS THAT AFFECT NJ HOMEOWNERS INSURANCE PREMIUMS

Boyle Agency Insurance

Common Factors That Affect Homeowners Insurance Cost Some factors that determine the premium on your Homeowners Insurance are: Deductible – This is the amount of money you pay on a claim before the policy coverage takes over. To avoid costly claims in the future, damage should be repaired.

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Top Building Insurance Pitfalls To Trigger F.O.M.O.

Property Insurance Centre

See what is not covered in terms of events/damage for your policy and think about getting flood insurance or accidental damage insurance if desired. Accidental damage is not usually covered by a normal building insurance policy. – Provided that add-ons are part of the lease. What is Covered?

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The Importance of Accurate Valuation in Commercial Property Insurance

Bankers Insurance

For example, if an insured’s property is valued at $1 million, but their coverage limit is $700,000 and their policy includes an 80% coinsurance clause, they would likely receive only $43,750 after incurring $50,000 in property damage from a covered event, depending on when their deductible is applied (700,000/800,000) x 50,000 = 43,750).

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Proactive Tips for Businesses Facing Hail Damage Claims

Risk Management Monitor

Last week, a severe thunderstorm unleashed massive hailstones in Alberta, Canada, damaging dozens of cars and unleashing potentially record-breaking hailstones the size of grapefruits. The reality is that large hail typically accounts for a majority of thunderstorm-related losses in North America during any given year.”.

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Buying Boat Insurance 101: What You Need to Know

Maritime Insurance International

When buying boat insurance, you will have the opportunity to select your coverage options. Bundle discounts may be available when purchasing multiple lines of insurance through the same provider. Zero Claims. Some providers offer discounts for individuals who have not previously filed a boat insurance claim.