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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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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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WILDFIRE DEDUCTIBLES

Rough Notes

Separate wildfire deductibles could be critical in securing coverage for a peril that is location-specific yet popping up all across the continent. They in this case are peril-specific deductibles in property insurance […] What role can they play in property insurance? By Joseph S.

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Will California’s FAIR Plan Have Enough Cash for Its Wildfire Claims?

Insurance Journal

While cash is limited and reinsurance has a deductible that … There has been some question about whether California’s insurer of last resort the FAIR Plan has enough cash on hand to pay for its share of wildfire claims.

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Michigan DIFS Urges Residents to Review Policies Amid Winter Risks

Insurance Journal

The Michigan Department of Insurance and Financial Services (DIFS) is urging residents to review their auto, home, and renters’ insurance policies to ensure they fully understand their coverage and have a plan to pay policy deductibles in the event of …

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Helping Clients Navigate Marketplace Open Enrollment | Solstiuce

Solstice Insurance Broker

Break down the plans into digestible pieces: explain premiums, deductibles, and out-of-pocket costs in relatable terms. Use analogies or visual aids if necessarypicture a plan's structure like a house, with deductible floors and coverage ceilings. Making complex information accessible.

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