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Decision: Insurer Prevails on Motion in Limine to Exclude RCV Evidence at Trial

The Property Insurance Law Observer

Legal Implications: This decision is important because in cases where an insured/plaintiff does not have any evidence of repairing or replacing damaged property, insurance carriers can exclude any replacement cost evidence from trial which can further limit the amount that an insured/plaintiff can recover.

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What Agents Should Know About Tariffs and Insurance Costs

American Agents Alliance

The potential for insured values to rise based on replacement costs, supply chain delays, and labor shortages means agents should review and recommend coverage adjustments when needed. This may be more frequently than at renewal time.

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What is Subrogation and How Does it Work?

Bankers Insurance

By: Dwight West | Commercial Insurance Advisor dwest@bankersinsurance.net | (757) 591-3166 WHAT IS SUBROGATION? Depending on the success of your insurance carrier’s efforts in the subrogation process, and the resulting reimbursement amount, the insured may be entitled to receive funds held back from their insurance carrier.

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How to Read Homeowners Insurance Quotes

TGS

TGS Insurance » Blog What Is a Homeowners Insurance Quote? A homeowners insurance quote is the proposed amount that you would pay an insurance carrier to cover your home. The quote will be based on many factors, including your home’s age, building features, location and size, as well as your insurance score.

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Affordable Housing Insurance Challenges: Understanding the Market

Scott Insurance

The Hardening Property Insurance Market Since 2017, the property insurance market has been hardening, resulting in lower available limits, higher deductibles and increased premiums. suburban) and are more susceptible to the use of crime scores when underwriters rate their liability insurance.

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Why are Homeowners Insurance Rates Increasing?

Scott Insurance

Although individual rates are based on specific factors such as location, credit score, claims history, age of dwelling and deductible, some general trends are leading to higher rates across the board. Our Personal Insurance team is passionate about protecting your property while providing world-class service.

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Proactive Tips for Businesses Facing Hail Damage Claims

Risk Management Monitor

You learn that the roof needs to be replaced due to the existence of hail damage, so you submit a claim to your insurance carrier. Depending on the amount of your deductible, this means recovery could be impossible as a practical matter. Based on this discovery, you enlist a roofing contractor to investigate further.

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