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Fifth Circuit Holds That Sales Tax is Not a Component of Actual Cash Value

The Property Insurance Law Observer

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 address shown in this policy.

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Keeping Coverage Affordable: California Drivers Will See Auto Insurance Rate Increases in 2025

Freeway Insurance

Many insurance professionals recommend taking steps now to handle a possible increase when you renew your insurance policy. Vehicle Theft : Vehicle theft rates have been on the rise in California, leading to an increase in comprehensive insurance claims. Underinsured motorists (UIM) will be directly impacted by rising rates.

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The Key Factors That Influence Your Auto Premiums

Boyle Agency Insurance

Additionally, areas with a higher incidence of car theft may lead to increased insurance costs. Deductibles The deductible is the amount you must pay out of pocket before your insurance coverage kicks in after an accident.

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How Home Renovations Can Affect Your Homeowners Insurance Policy

TGS

When taking on new home renovations, your homeowners insurance policy might not be the first thing on your mind. Let’s take a look at some of the most common ways that home renovations will impact your insurance policy. What Will a Standard Home Insurance Policy Cover During Renovations?

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Jewelry Insurance: Protecting More Than Precious Metals

TGS

A slip, a loss, or even theft? While standard homeowners insurance or renters insurance may offer limited protection for personal belongings, these policies often fall short when it comes to high-value items like jewelry. Many policies cover repairs and replacements for such incidents. Thats where jewelry insurance steps in.

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10 Tips to Improve Construction Site Security

Insurance Agency of Ohio

By Troy Dohmeyer Equipment and material theft is a major source of loss for contractors. While insurance may offset some of the financial costs, many uninsured costs – deductibles, replacing depreciated items with new equipment, production delays, paperwork and time to report and replace stolen equipment – are paid by contractors.

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10 Factors That Affect Homeowners Insurance Premiums in Florida

TGS

These features reduce the risk of significant damage or theft, meaning less risk for the insurance company. Similarly, if your neighborhood has seen a lot of claims for things like theft or weather-related damages, your premium might reflect that. Opting for a higher deductible can lower your monthly premium.

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