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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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Protect Your Finances: The Truth About Small Insurance Claims

Shield Insurance Agency

Shield Insurance Blog | Small Insurance Claims | Contact Our Sales Team! Small Insurance Claims Can Raise Premiums Small insurance claims, such as those for minor property damage, may seem like a hassle to deal with. However, filing small insurance claims can have long-term financial consequences.

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Tips for Buying Home Insurance

Bankers Insurance

The homeowners insurance market is complicated and dynamic, and many policyholders have experienced increased rates in recent years despite no changes to their coverage or claims filed. Finally, toward the end of 2023, reinsurance rates rose by as much as 40% as companies sought to recoup increased losses from recent years.

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Why are Homeowners Insurance Rates Increasing?

Scott Insurance

According to Money.com , an independent publisher, recent year-over-year premium increases have averaged 20%, and policyholders should expect to see at least a 10-15% increase in 2024. However, homeowners insurance generally operates on a lagged timeline regarding inflation. What can you do to impact your homeowners premium?

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Impact of Rising Interest Rates on Property Insurance

Protect Commercial Insurance

Therefore, higher interest rates can sometimes lead to more expensive insurance. Changes in Underwriting Processes Interest rates can also shape the underwriting processes used by insurance companies. Underwriting involves evaluating risks and determining suitable premiums for policyholders.

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Top Building Insurance Pitfalls To Trigger F.O.M.O.

Property Insurance Centre

Meeting Building Insurance Requirements When applying for building insurance, it is important to meet the specific requirements set by insurance companies. Check with your insurance company to see what specific security measures are required for your policy. One key factor is the location of your property.

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Professional Agent’s Guide for Learning How to Sell Annuities

Redbird Agents

FIA commissions are paid from the insurance company. This is a misconception from many clients that the commissions are deducted from the balance of their annuity. The additional risk associated with life only payout is that if the annuitant passes away at any time, the insurance company keeps the remaining funds.

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