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Deductibles serve several purposes. They provide some premium relief for the insured. 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 …
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.
Deductibles serve several purposes. They provide some premium relief for the insured. 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 …
What role can they play in property insurance? 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 […] By Joseph S.
Clear Blue Specialty Insurance Company , No. District Court for the Middle District of Florida granted the insurers motion in limine and excluded evidence and testimony regarding replacement cost value of damages, matching, and to limit damages to direct physical loss. In the recent decision Marquez v. 6:23-cv-2025-ACC-DCI, 2024 U.S.
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. While cash is limited and reinsurance has a deductible that …
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 …
As an insurance broker, you can be the compass your clients need. The marketplace is essentially a virtual shopping center where individuals can compare and purchase health insurance plans. Open enrollment is the annual window during which people can enroll in or switch health insurance plans without a qualifying life event.
But, working with Word & Brown, you have access to a broad range of plans, products, and services that offer potential tax and other savings to your individual and group insurance clients. Other health care-related expenses may also be deductible for your clients, depending on their incomes.
TGS Insurance » Blog How to Choose the Right Auto InsuranceDeductible When it comes to auto insurance, one of the most important decisions you’ll make is selecting your deductible. But what exactly is a deductible, and how do you know which one is right for you?
29, 2024)), the Court determined that the term “windstorm” was ambiguous as utilized in the subject insurance policy. The insureds suffered property damage caused by a tornado and subsequently submitted a claim to their insurer. The Windstorm or Hail deductible does not apply to coverage under 7. —Dallas Jan. Loss of Use.
The California Department of Insurance worked closely with local, state, and federal leaders to ensure that the programs costs are not deducted from insurance benefits. My goal is to help people maximize their insurance payouts to assist survivors in rebuilding and recovering quickly.
Navigating the world of insurance can feel overwhelming, especially when it comes to understanding commercial property insurance. This friendly guide will walk you through the essentials of commercial property insurance, helping you protect your business premises and assets with confidence. What is Commercial Property Insurance?
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.
As insurers look to 2025, several trends are emerging that affect premium and deductible costs — leading to lengthy conversations between insurance agents and brokers and their customers. For worship facilities, some of the most prevalent trends include: • Weather-related …
When buying a home, your mortgage company will require you to purchase homeowners insurance. Our knowledgeable agents at Paragon Independent Insurance Agency in Plano, TX, are here to help. The deductible is one of the most important decisions to make when choosing a homeowners policy. What is a Home InsuranceDeductible?
Download PDF The Centers for Medicare & Medicaid Services (CMS) released the 2025 premiums, deductibles, and coinsurance amounts for the Medicare Part A and Part B programs, and the 2025 Medicare Part D income-related monthly adjustment amounts. The standard monthly premium for Medicare Part B enrollees will be $185.00 from $174.70
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 …
The post Please Don’t Compare Whole Life Dividends to Universal Life Interest appeared first on The Insurance Pro Blog. There are a lot of life insurance products out there. When looking at options for life insurance that seek to grow cash value, the selection pool does get smaller, but there are still a lot of choices.
Vitulli said there is “relatively good competition” for large accounts with high deductibles. Cohen asked the speakers to discuss whether some industry-geography combinations were more palatable for casualty underwriters. “The market is actively looking to write those. If you’ve got …
Decision is latest in broader dispute between business policyholders and insurers over Covid coverage The post Companies fail to stop furlough funds being deducted from pandemic payouts appeared first on Elmore Insurance Brokers.
Join Us The post Shipowners’ Club announces no general increase or general changes to deductibles appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?
A stand-alone Fine Art & Collectibles insurance policy is designed to provide museums with comprehensive coverage of the items and their vulnerabilities. Fine Art & Collectibles policies cover loaned items from the first dollar of damage, typically with no deductible, ensuring compliance with contractual obligations.
Insurance agencies face fierce competition in today’s market. At Tosten Marketing, we’ve compiled effective insurance agency marketing plan examples to help you stand out from the crowd. How to Build a Powerful Online Presence In today’s digital age, a strong online presence is essential for insurance agencies.
The global economy is increasingly interconnected, and even in industries like insurance, global issues like supply chain challenges, tariffs, and trade agreements can have significant impacts. While the relationship between tariffs and insurance costs can seem unrelated, tariffs can increase costs for insurers and policyholders.
Introduction Finding your way through dental insurance can be confusing. Luckily, some dental insurance plans provide instant access to many dental services right away, without a waiting period. Understanding Dental Insurance With No Waiting Periods Dental insurance plans usually have waiting periods.
From devastating floods to slip-and-fall lawsuits, insuring apartment buildings is no simple task. And with rising property values, more frequent catastrophic weather events, and emerging risks like habitability claims, its never been more critical to help your clients navigate their insurance options.
New Legislation Means Many California Drivers Will Need More Coverage in 2025 Now that 2025 is here, many California drivers will face another significant auto insurance rate increase. Senate Bill 1107 , which increases minimum insurance requirements, is expected to further drive up premiums statewide. is $2,388*.
Click Link to Access Free PDF Download “Workers’ Comp Claims Review Checklist: 9 Must-Have, Serious-Impact Elements” A common and costly mistake employers make is overlooking allowable payroll deductions. You should consult with your insurance broker, attorney, or qualified professional. All state laws vary.
Ending a putative class action, the United States Court of Appeals for the Fifth Circuit examined policy language and two statutes to hold that an insurer does not owe sales tax on top of an actual cash value payment. Actual cash value of the stolen or damaged property less the deductible; or 2. The citation is Taylor v.
When she recently realized that her premiums for both vehicles were nearly identical (and they had both gone up), she called her insurance agent. The agent suggested a telematics-based insurance product for the convertible to optimize pricing. She is now fully bought in to the idea of the insurance/customer partnership.
Paragon Independent Insurance Agency can help determine if you need additional coverage for your expensive vehicle. You’ll pay for premiums covering liability, collision, comprehensive, and all the other major categories you would find in a standard auto insurance policy. Increasing your deductible is an easy way to lower costs.
Discover the factors that influence health insurance costs, including premiums, deductibles, and out-of-pocket expenses. Learn how to find the right coverage for your budget and needs in this comprehensive guide.
It looks like you’re here to learn how to become a Medicare insurance agent? Medicare Insurance Agent Job Description At-A-Glance I’ll keep this very simple. When you become a Medicare insurance agent, your target market will be individuals in the following two categories. Get Started Now!
Short Term Health Insurance Illinois: No longer available as of January 1, 2025. STLD Plans – As of January 1, 2025, Short-term Limited Duration Plans are no longer permitted to be sold in Illinois, helping to ensure that residents are not misled about whether they are purchasing comprehensive health insurance.
The “1,2,3,4,5 method” of presenting hospital indemnity insurance will change your life, I promise! Presenting hospital indemnity with every Medical insurance sale is a choice every agent has and most choose not to. Of course not, because eligibility hurdles exist with hospital indemnity insurance plans.
The average cost of renters insurance is $15.58 The costs are based on the policy coverage limits, deductibles, the company you choose, and location. per month or $187 per year.
Looking for the best dental insurance Texas? Key Takeaways Texas offers a variety of dental insurance plans, including PPO and DHMO options, that provide financial protection against routine and emergency dental costs. Regular visits become more affordable with insurance, promoting better oral health.
Shield Insurance Agency Blog | Collision Coverage | Auto Insurance | Start A Quote Today! Michigan is a state with unique auto insurance requirements that can sometimes be confusing to navigate. Standard Collision Coverage Standard collision coverage is the most basic form of collision insurance available in Michigan.
Renewing your business insurance is a chance to ensure your coverage keeps up with your evolving needs. As your business grows, so can your risks, making it essential to review, reassess, and possibly adjust your insurance policy each year. Looking for support for your next business insurance renewal? Talk to one near you.
Judges to decide if insurance groups can deduct government funds from payouts for business interruption The post Insurers in court battle with UK businesses over Covid furlough scheme appeared first on Elmore Insurance Brokers.
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.
TGS Insurance » Blog 5 Must-Know Tips for Comparing Home Insurance Quotes Choosing the right home insurance policy can sometimes feel like trying to find the perfect coffee order—it’s a delicate balance between what you need and what works best for your wallet. The same thing happens with insurance. More savings.
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