Mark Jackson Insurance Agency

JULY 8, 2024

However, amidst the excitement, it's crucial to undertake precautions to avoid common pitfalls that could lead to home insurance claims. This can lead to significant water damage, a common cause of home insurance claims. This can lead to significant water damage, a common cause of home insurance claims.

Home Insurance 52

Home Insurance Insurance Claim Claim License 52

The Property Insurance Law Observer

JULY 25, 2024

June 24, 2024) offers valuable lessons for policyholders regarding the importance of cooperation in the insurance claims process. In Marcantel , the plaintiff suffered damage from Hurricane Laura at two properties in Louisiana. The ruling in Marcantel emphasizes the importance of cooperation in the insurance claims process.

Damage 130

Damage Personal Property Policyholder Claim 130

The Property Insurance Law Observer

SEPTEMBER 16, 2024

The 6th Circuit held that the property policy’s cosmetic damage exclusion applied to bar coverage because the insured, J&S Welding, Inc. Insured”), failed to disclose or produce any expert evidence to rebut the conclusions of the West American’s three experts, who determined the roof’s damage was merely cosmetic.

Insurance Companies 130

Insurance Companies Damage Insured Insurer 130

Freeway Insurance

OCTOBER 8, 2023

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.

Auto Insurance 52

Auto Insurance Insurance Claim Claim Out-Of-Pocket 52

Insurance Journal

OCTOBER 14, 2024

Damage to private property from Iran’s recent missile barrage on Israel amounted to 150 million to 200 million shekels ($40 million to $53 million), according to figures provided by Israel’s tax authority, making it the costliest since the start of …

Damage 305

Damage Insurance Claim Claim Insurer 305

Wren Insurance Agency

OCTOBER 17, 2024

At this time of year, typically due to Florida storms causing damage to our homes, there are a larger number of insurance claims than normal. Many adjusters investigate your claim by visiting your property; in person, viewing and documenting losses and damages personally.

Damage 89

Damage License Insurer Insured 89

The Property Insurance Law Observer

OCTOBER 16, 2024

The ruling reversed a jury award for homeowners who had sold their property without performing the necessary repairs, addressing a crucial question about recovery for unperformed repairs in property insurance claims. Universal”) after their property sustained water damage that led to mold. in damages. in damages.

Property Insurance 130

Property Insurance Damage Casualty Insurance Policy 130

Insurance Journal

AUGUST 9, 2024

Reports from Gallagher Re and the Florida Office of Insurance Regulation suggest that Tropical Storm Debby will not be a heavy lift for property insurers and reinsurers. “Early assessments suggest wind-related physical damage (is) not as extensive as initially feared,” …

Property Insurance 264

Property Insurance Damage Insurer Insured 264

Prof. Allan Manning

JULY 29, 2024

A wide range of topics were covered from an update on recent court cases involving general insurance claim decisions, a detailed analysis of the Reasonable Care Condition found in many policies by LMI Legal, lessons learned from business interruption losses by LMI Forensics, issues around storm damage to solar panels by LMI Claims, a detailed run through (..)

Claim 130

Claim Business Interruption License Policy 130

TGS

NOVEMBER 18, 2024

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. In a no-fault system, each driver’s own insurance policy is the first line of defense for medical bills and other specified expenses.

Auto Insurance 52

Auto Insurance Injury Damage Property Damage 52

TGS

NOVEMBER 1, 2024

Avoid standing in the middle of the road or putting yourself in harm’s way while assessing the damage. In many states, you’re required to file a police report for accidents that involve injuries or significant property damage. Plus, having a police report on file can help you later when dealing with insurance claims.

Injury 52

Injury Home Insurance Damage Claim 52

The Property Insurance Law Observer

MARCH 18, 2024

Specifically, the Court affirmed that the duty to submit to an EUO, as included in the insurance policy, applied only to a “named insured” and not an “insured person” and, as such, the named insured’s son failure to comply did not constitute a material breach of the insurance policy.

Insurer 130

Insurer Insured Insurance Property Insurance 130

Property Insurance Centre

SEPTEMBER 25, 2024

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?

Building 52

Building Insurer Insured Insurance 52

Shield Insurance Agency

JUNE 28, 2024

Shield Insurance Blog | Storm Scams | Call 616-896-4600 After a bad storm hits and damages your property, it’s important to stay vigilant to avoid being scammed. In this blog, I’ll provide you with essential advice on how to protect yourself and your property from scammers after storm damage.

Insurance Agency 52

Insurance Agency Damage License Insurance Companies 52

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.

Claim 52

Claim Damage Protection Policyholder 52

Boyle Agency Insurance

SEPTEMBER 30, 2024

If a damaged vehicle cannot be repaired, Chubb covers you for a total loss. Quick Claim Response If you have an accident, Chubb agents are very responsive in getting to work on your insurance claim. You need your vehicle and a fast claims response is essential. A client’s satisfaction is always the focus.

Insurer 52

Insurer Insured Insurance Agents 52

Paragon Independent Insurance Agencies

JUNE 28, 2024

Your residential insurance policy can list the items you invest in. The insurance coverage will protect against unforeseen damage and theft. If you need to file an insurance claim, the coverage you have purchased will handle the costs you are faced with while you are rehabilitating your property.

Home Insurance 40

Home Insurance Insurance Agency Insurance Policy Theft 40

Paragon Independent Insurance Agencies

SEPTEMBER 16, 2024

Liability Insurance Liability coverage protects you against legal costs that could disrupt your business. Protection against damage and theft shields you from financial losses that could affect your business sales. In essence, having comprehensive insurance coverage is indispensable.

Commercial Insurance 40

Commercial Insurance Commercial Protection Financial Loss 40

Triple-I: Homeowners Insurance

APRIL 5, 2024

The widespread damage incurred from Idalia last year highlighted the importance of being financially protected from catastrophic losses – and that includes having adequate levels of property insurance and flood coverage,” said Triple-I CEO Sean Kevelighan.

Damage 52

Damage Auto Insurance Policy Insurance Policy 52

Shield Insurance Agency

JUNE 11, 2024

Thunderstorms often bring powerful winds that can knock down trees, power lines, and mobile homes, intense rainfall that causes flash floods, tornadoes, lightning strikes that can spark fires, as well as damaging hail. Review your home insurance policy. Check to see if you are covered for flood damage.

Insurance Agency 52

Insurance Agency Home Insurance Auto Insurance Building 52

Shield Insurance Agency

APRIL 19, 2024

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. The deductible is the amount you must pay out-of-pocket before your insurance coverage kicks in.

Auto Insurance 52

Auto Insurance Deductible Out-Of-Pocket Insurance Agency 52

Boyle Agency Insurance

APRIL 27, 2024

Condition of the house – The condition of the house you are insuring is a consideration in Homeowners Insurance coverage. Damage to a part of the house, like a roof or foundation, is taken into account by insurance companies when determining the premium amount. This is in the interest of reducing fraudulent claims.

Premium 40

Premium Deductible Insurer Insured 40

ProWriters

NOVEMBER 12, 2024

In February 2024, Change Healthcare, whose technology powers the processing of some 15 billion medical bills and insurance claims a year, suffered a ransomware attack. HIPAA breaches can also damage a healthcare organization’s reputation. A damaged reputation leads to broken trust, lost customers, and decreased revenue.

Cyber 52

Cyber Liability Insurance Protection Liability 52

Bankers Insurance

NOVEMBER 15, 2023

These issues can lead to expensive damage, operational disruptions, and potential safety hazards. Property damage: Burst pipes and malfunctioning sprinkler systems can result in substantial water damage to a building’s structure, interior, and equipment, incurring significant repair costs.

Protection 52

Protection Damage Property Damage Building 52

TGS

OCTOBER 25, 2024

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. When you renovate or expand your home, you’re increasing its value—and with greater value comes higher costs to repair or rebuild in the event of damage.

Home Insurance 52

Home Insurance Premium Out-Of-Pocket Insured 52

TGS

NOVEMBER 12, 2024

This added layer of protection is attractive to insurers because it lowers the likelihood of a major fire or carbon monoxide incident, thus potentially qualifying you for a smart home insurance discount. A smart water leak detector can sense leaks early and alert you before significant damage occurs.

Home Insurance 52

Home Insurance Premium Insurer Insured 52

Wren Insurance Agency

MAY 22, 2024

Regardless of how your community is insured, you'll want to consider an inexpensive flood policy, considering all townhomes are based on the ground floor. Even in an "X" flood zone, water damage in a storm-prone state like Florida is very likely (did you know that over 40% of flood insurance claims come from "X" flood zone homes?).

Policy 52

Policy Insurer Insured Insurance 52

Property Insurance Centre

JANUARY 30, 2024

Block of flats insurance primarily consists of buildings insurance , which is a requirement imposed by the leases for the individual flats. This type of insurance is designed to safeguard the physical structure of the property, providing financial protection in the event of damage or loss due to various risks.

Insured 52

Insured Insurer Insurance Building 52

Property Insurance Centre

MARCH 19, 2024

Insurance guides provide clear explanations of the rights and responsibilities individuals have throughout the claims process, ensuring they are informed and empowered to take the necessary steps to protect their interests. Understanding your rights can help you navigate any disputes that may arise during the claims process.

Property Insurance 52

Property Insurance Policyholder Insurer Insured 52

Triple-I: Business Insurance

AUGUST 11, 2022

Dale Porfilio , Triple-I’s chief insurance officer, said the 2022 net combined ratio for personal auto is forecast to be 105.2 – 3.8 points higher than 2021, driven primarily by significant deterioration in auto physical damage coverages. We forecast 2022 P&C premium growth of 8.5 percent,” Porfilio said.

Underwriter 40

Underwriter Underwriting Workers Compensation Premium 40

Shield Insurance Agency

MAY 29, 2024

Renter Protection Michigan: Peace of Mind for Tenants Renters insurance in Michigan doesn’t just protect your belongings; it also offers liability coverage, which can help shield you from financial responsibility if you accidentally cause damage to your rental or injure someone while on the property.

Liability 40

Liability Insurance Agency Insured Insurer 40

Maritime Insurance International

JUNE 5, 2020

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.

Insurance Policy 40

Insurance Policy Liability Insured Insurer 40

InsuredMine

AUGUST 27, 2024

The reduction in paper handling also means less chance of documents being lost, misfiled, or damaged. This acceleration is particularly important in claim situations where timely responses can significantly impact customer satisfaction.

Insured 96

Insured Insurer Insurance Claim 96

Risk Management Monitor

AUGUST 9, 2022

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.”.

Damage 78

Damage Claim Commercial Property Insurance Policy 78

Bankers Insurance

AUGUST 8, 2024

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).

Commercial Property 59

Commercial Property Property Insurance Commercial Out-Of-Pocket 59

Property Insurance Centre

JANUARY 4, 2024

Weather Conditions and Natural Disasters Since 1980, there have been 360 weather- and climate-related natural catastrophes , resulting in damages and costs of over $2.57 Unpredictable weather events and the rise in natural catastrophes pose significant challenges for the property insurance industry.

Property Insurance 52

Property Insurance Commercial Property Liability Premium 52

Risk Management Monitor

NOVEMBER 8, 2021

One of the first steps in obtaining commercial property insurance is to determine the value of the property being insured. The reported property value will drive premium amounts and, importantly, represents the property loss exposure.

Commercial Property 75

Commercial Property Insurer Insured Insurance 75