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What Agents Should Know About Tariffs and Insurance Costs

American Agents Alliance

Consider if: Coverage limits are sufficient to cover higher labor costs and material prices Increasing the deductible to offset premium increases makes sense Additional coverage or endorsements may be helpful to close any protection gaps identified in the policy review Advocate for policyholders with insurers.

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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? Its primary purpose is to protect you from bearing the financial burden of accidents that were not your fault. After this, your carrier has the right to seek compensation from the insurance carrier of the at-fault party.

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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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How Home Renovations Can Affect Your Homeowners Insurance Policy

TGS

Unreported Renovations Can Cause a Lapse in Coverage For significant home renovations, your insurance carrier may require you to notify them about the project up to 30 days before construction starts. If you have to file a claim during the renovation, but you failed to report the project to your insurance in advance, it can be costly.

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Hurricane Risk Management: Key Considerations Before and After Storms Strike

Risk Management Monitor

First, establish a plan that includes clearly defined roles and responsibilities for preventative measures to protect your building, employees or tenants in the event of a hurricane. From a property perspective, ensure that your buildings and structures are adequately protected to mitigate potential damage. Read the Fine Print.

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E&O vs. EPLI: What Coverage Do Your Clients Need?

ProWriters

As they seek to secure the insurance they need to protect themselves, some companies’ decision-makers may get confused about E&O vs. EPLI policies. But when you help your business clients appreciate the difference between E&O vs. EPLI, you’ll help them effectively manage their risks and ensure adequate protection.

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South Carolina Wind Pool Insurance Explained

TGS

TGS Insurance » Blog With hurricane season in full force, South Carolina residents living on the coast must protect their homes from the upcoming storms. Understanding how windstorm insurance works in these areas is the first step in adequately protecting your home. million in protection.

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