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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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Home Insurance Deductibles: What You Need to Know

Paragon Independent Insurance Agencies

The deductible is one of the most important decisions to make when choosing a homeowners policy. We are here to help you fully understand what a home insurance deductible is and which is best for you. What is a Home Insurance Deductible? The deductible isn’t just a one-time payment. Reach out to us today!

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Low-Deductible Health Insurance: Pros and Con

Freeway Insurance

Under these circumstances, a plan with a low deductible might be the perfect fit for you. Despite the great coverage these plans offer, a lot of people avoid low deductibles. However, low deductibles offer many benefits – and challenges – which you should carefully consider before you apply for health insurance.

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Court Finds Policy Term, “Windstorm,” to be Ambiguous in Coverage Dispute Involving Tornado

The Property Insurance Law Observer

The insurer paid only a portion of the claim because it maintained that the tornado that struck and damaged the property was a “windstorm” and, therefore, the claim was subject to the policy’s “Windstorm or Hail Deductible.” The Windstorm or Hail deductible does not apply to coverage under 7. That provision stated: 5. Loss of Use.

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My New Markets

Insurance Journal

Highlights include aggressive pricing through various deductible programs and very reasonable collateral requirements on the deductible programs, A … GC/General Contractor Workers’ Comp – High Risk Market Detail: HR and PEO Consultants offers high risk workers’ compensation programs for general contractors.

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The Problem(s) With Hail Claims – Part 3

Insurance Journal

My previous two columns (May and June 2024) addressed issues with hail and windstorm claims regarding the discovery and reporting of damage, actual cash value versus replacement cost valuation and 180-day reporting conditions, percentage deductibles, special cosmetic damage limitations, and …

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