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What to Know About Deductibles After Multiple Florida Hurricanes

Insurance Journal

Deductibles serve several purposes. They make insureds less likely to file smaller claims because either damage falls within the deductible, or is so close to it that the policyholder would rather not … They provide some premium relief for the insured.

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Explaining Deductibles After Multiple Florida Hurricanes

Insurance Journal

Deductibles serve several purposes. They make insureds less likely to file smaller claims because either damage falls within the deductible, or is so close to it that the policyholder would rather not … They provide some premium relief for the insured.

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Tornado Damage During Hurricanes: Navigating the Deductible Dilemma

Property Insurance Coverage Law

This year, a record-tying … The post Tornado Damage During Hurricanes: Navigating the Deductible Dilemma appeared first on Property Insurance Coverage Law Blog. Opinions expressed are solely his own and are not meant to express the views or opinions of the IAUA.

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Fifth Circuit Holds That Sales Tax is Not a Component of Actual Cash Value

The Property Insurance Law Observer

Actual cash value of the stolen or damaged property less the deductible; or 2. Amount necessary to repair or replace the property with other property of like kind and quality less the deductible. Payment of loss We may pay for loss in money or repair or replace the damaged or stolen property.

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Protect Your Finances: The Truth About Small Insurance Claims

Shield Insurance Agency

Small Insurance Claims Can Raise Premiums Small insurance claims, such as those for minor property damage, may seem like a hassle to deal with. Many policyholders may be tempted to file a claim for every little incident in the belief that their insurance policy will cover all damages.

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5 Must-Know Tips for Comparing Home Insurance Quotes

TGS

Imagine discovering after a claim that the policy won’t pay enough to replace your roof or cover water damage. Some may exclude things like flood damage, earthquake damage, or—if you live in coastal areas—windstorm coverage. And don’t forget, certain types of claims—like hurricane damage—can carry their own separate deductibles.

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Tips for Buying Home Insurance

Bankers Insurance

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. Additionally, more and more people live in wildland-urban interfaces, where homes can be particularly vulnerable to severe weather damage.