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10 Factors That Affect Homeowners Insurance Premiums in Florida

TGS

Coastal homes in Florida, for example, face higher premiums due to the increased risk of hurricanes, flooding, and wind damage. Conversely, homes further inland or in areas with lower crime rates often benefit from lower insurance costs. The more risks your area poses, the more your insurance company will charge to protect you.

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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.

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Unlocking a Smart Home Insurance Discount: How Your Gadgets Can Lower Your Premiums

TGS

From an insurer’s perspective, this reduces the risk of theft or vandalism, which makes them more inclined to offer you a discount. 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.

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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. 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.

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The Real Cumulative Cost of an Auto Insurance Claim

Freeway Insurance

What Is A Car Insurance Claim? A car insurance claim is like asking your insurance company for help when something bad happens to you and your car. It could be an accident, theft or storm damage, for example. One important factor is the type of insurance you have. These are called out-of-pocket expenses.

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Does Homeowner’s Insurance Cover Boats?

Maritime Insurance International

What Does Homeowners Insurance Cover? Most home insurance policies offer two main types of coverage: property damage and personal liability. In those cases, however, the policy will usually only cover property damage to your boat while it is on your property.

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How Home Renovations Can Affect Your Homeowners Insurance Policy

TGS

A standard home insurance policy will cover a structural collapse due to defective construction materials during the renovation. For example, standard home insurance will not cover theft or vandalism during construction. Do You Need a Different Insurance Policy During Home Renovations?