Remove Deductible Remove Policy Remove Theft
article thumbnail

Why Museums Should Buy a Stand-Alone Fine Art & Collectibles Policy

Distinguished

While adding these items to a property or package policy might seem convenient, museums face unique exposures that such generalized policies often fail to address. A stand-alone Fine Art & Collectibles insurance policy is designed to provide museums with comprehensive coverage of the items and their vulnerabilities.

Policy 52
article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Do I Need More Insurance Coverage If I Have an Expensive Car?

Paragon Independent Insurance Agencies

You’ll pay for premiums covering liability, collision, comprehensive, and all the other major categories you would find in a standard auto insurance policy. You can customize a regular auto insurance policy with specific coverage for your high-end vehicle. Increasing your deductible is an easy way to lower costs.

article thumbnail

Insurance for Apartment Building Owners: Protecting Your Client’s Investments With the Right Coverage

Distinguished

Not only are they insured in the event of a covered risk, but they can also sleep well at night knowing they have a policy limit that is high enough to cover whatever gets thrown their way. It also shows that being aware of any separate deductibles for wind or hail is an important part of assessing your clients coverage options.

article thumbnail

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.

Premium 73
article thumbnail

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?

article thumbnail

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.