TGS

OCTOBER 3, 2024

TGS Insurance » Blog 10 Factors That Affect Homeowners Insurance Premiums in Florida When it comes to homeowners insurance premiums, several factors come into play, and understanding them can be the key to managing your costs. Let’s dig into the 10 factors that affect homeowners insurance premiums in Florida—and everywhere else, too.

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Smart Insurance Agents

OCTOBER 14, 2024

Everything You Need to Know About $0 Monthly Premium Medicare Advantage Plans Medicare Advantage plans can offer a zero monthly premium due to how they are funded by the federal government. Private insurers receive subsidies to manage Medicare benefits, allowing them to reduce or eliminate premiums for beneficiaries.

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Freeway Insurance

JANUARY 4, 2024

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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Paragon Independent Insurance Agencies

JULY 31, 2024

The deductible is one of the most important decisions to make when choosing a homeowners policy. We are here to help you fully understand what a home insurance deductible is and which is best for you. What is a Home Insurance Deductible? The deductible isn’t just a one-time payment. Reach out to us today!

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Boyle Agency Insurance

APRIL 27, 2024

Determinants Of Homeowners Insurance Premiums Certain factors have an effect on your homeowners insurance premium. When pursuing lower premiums in Homeowners Insurance, eliminating or reducing these considerations is essential. Below we offer some factors that may affect NJ Homeowners Insurance premiums.

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Simply Insurance

SEPTEMBER 19, 2024

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.

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TGS

OCTOBER 30, 2024

Don’t Chase the Cheapest Premium—Focus on Coverage We’ve all been there: drawn to the lowest price, only to realize it wasn’t quite the bargain we thought. Sure, the premium—the amount you pay for the policy—matters. What’s more important is what that premium gets you. That could shave a nice chunk off your premium.

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TGS

NOVEMBER 20, 2024

Let’s explore how and why your credit score affects your home insurance , what insurers are really looking at, and what you can do to keep your premiums manageable. However, in most states, your credit score can significantly influence your premiums. Now, you might be wondering just how much your credit score can affect your premium.

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Shield Insurance Agency

AUGUST 20, 2024

Small Insurance Claims Can Raise Premiums Small insurance claims, such as those for minor property damage, may seem like a hassle to deal with. One major consequence of filing small insurance claims is the potential for increased insurance premiums. Additionally, small claims often require you to pay a deductible.

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Protect Commercial Insurance

NOVEMBER 8, 2024

By understanding your policy needs, shopping around, and exploring available discounts, you can effectively manage insurance premiums and keep your business financially secure. However, commercial insurance premiums can sometimes strain your business finances if not managed wisely.

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Healthinsurance.org

OCTOBER 16, 2024

State-funded health insurance subsidies change in several states In addition to the ACA’s federal premium subsidies and cost-sharing reductions, several states offer additional state-funded subsidies that further offset enrollees’ premiums, out-of-pocket costs, or both. 4 For 2025, the program is expanding.

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Smart Insurance Agents

OCTOBER 13, 2024

Look for details like the annual deductible. It’s important to understand coverage limits, deductibles , and any waiting periods for special procedures. See Ameritas Dental Plans Humana: Affordable Premiums and Extensive Network Another important provider is Humana. Also, think about the annual maximum.

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Jackson & Jackson

APRIL 29, 2024

Increase Your Deductible Increasing your deductible is one of the simplest ways to lower your insurance premiums. Strategy: Assess your financial ability to handle a higher deductible without jeopardizing your operations. Compare how different deductible levels affect your premiums by requesting quotes from your insurer.

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P&L Financial Services

OCTOBER 3, 2024

Premiums, deductibles, and out-of-pocket expenses vary depending on the plan. When evaluating a plan’s total cost, consider: Monthly premiums: What can you afford to pay monthly? Deductibles and co-pays: How much will you pay when receiving care? Be sure to compare Part D plans if you’re on medications.

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Frankenmuth Insurance

JULY 25, 2024

What are the coverage limits and deductibles? What deductible do I have to meet before my coverage kicks in? Can I adjust my deductible down the road? What factors affect my premiums? What specific factors are affecting my premium? What is the highest amount I could pay on a claim?

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TGS

NOVEMBER 15, 2024

For example, if your second car is a brand-new SUV, you may want to opt for comprehensive coverage with lower deductibles. If you’re adding a second car to insurance and both vehicles meet the insurer’s criteria, you could end up with a nice reduction in your overall premium. Here are a few potential challenges to keep in mind.

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Smart Insurance Agents

AUGUST 19, 2024

Key Highlights Comparing Medicare Supplement Plans Insurance, or Medigap, helps cover costs that Original Medicare doesn’t, like copays and deductibles. This includes copayments, coinsurance, and deductibles. Medigap plans help you with costs that Original Medicare does not cover, like copayments, coinsurance, and deductibles.

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Scott Insurance

FEBRUARY 27, 2024

The Hardening Property Insurance Market Since 2017, the property insurance market has been hardening, resulting in lower available limits, higher deductibles and increased premiums. Property insurance premium increases are finally starting to moderate. Looking Ahead There is reason for optimism.

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Freeway Insurance

OCTOBER 8, 2023

Right off the bat, you might have to pay your deductible, which is the amount you agreed to when you got your insurance. Deductibles When you have a car insurance claim, one of the first costs you will face is called a deductible. This is called a premium increase. Think of it as a participation fee.

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Scott Insurance

JANUARY 31, 2024

has seen an increase in their homeowners insurance premium. 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. Because of this, as the expenses of building a house increase, so will insurance premiums.

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AMAXX

JULY 30, 2024

So this is your premium adjustments, and these are discretionary adjustments that can be given by your underwriter based on how well they perceive you managing your risk, how well they perceive you managing your risk. You’re gonna have to some of these premium adjustments. We’ve got things under control based on your mod.

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Boyle Agency Insurance

SEPTEMBER 4, 2024

A plan with lower premiums may offer fewer benefits or higher out-of-pocket costs. Evaluate the overall value of the plan by considering both the premium and the coverage it provides. Pay attention to details such as deductibles, copayments, coinsurance, and coverage limits.

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TGS

OCTOBER 3, 2023

A lot of factors go into calculating your home insurance premium. Deductibles 8. Total Premium 11. Insured Address Your home’s location is a critical piece of the calculations that determine your homeowners insurance premium. Total Premium This is the sum that you will pay for this homeowners insurance policy.

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Protect Commercial Insurance

OCTOBER 4, 2024

How Interest Rates Influence Insurance Costs Insurance premiums are sometimes indirectly influenced by interest rates. Here’s how: insurers rely on investment income to keep premiums competitive. When interest rates rise, the returns on these investments can increase, potentially affecting premium rates.

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Smart Insurance Agents

AUGUST 19, 2024

When selecting a dental plan, it is crucial to compare annual coverage limits, costs, deductibles, and waiting periods to ensure adequate coverage for both preventive and major dental services. If you’re considering dental implants, most plans that cover this service will do so at a rate of about 50 percent, provided that deductibles are met.

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Smart Insurance Agents

AUGUST 29, 2024

The primary types include Health Maintenance Organization (HMO), Preferred Provider Organization (PPO), Exclusive Provider Organization (EPO), Point of Service (POS), and High-Deductible Health Plans (HDHP). HDHPs feature high deductibles but lower premiums, making them suitable for pairing with health savings accounts (HSAs).

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Smart Insurance Agents

AUGUST 19, 2024

Medigap helps with out-of-pocket costs like deductibles, copays, and coinsurance, providing clearer financial protection. However, the premium costs can vary between different insurers. Each Medicare Supplement insurance plan can vary in premiums and coverage, so it’s a good idea to compare these options closely.

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Protect Commercial Insurance

JULY 26, 2024

Insurance premiums can vary significantly between providers, so it’s essential to compare quotes from multiple insurers. Obtain quotes from at least three different insurers to compare coverage options and premiums. Insurers often provide discounts for bundling multiple policies, which can help you save on premiums.

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Ease

FEBRUARY 21, 2023

Annual benchmarking and trend report shows smallest businesses see biggest medical premium increases SAN FRANCISCO, Feb. million employees and their 85,000 employers, the report continues to see medical premiums tick up. While the jump in average premiums from 2021 to 2022 fell under the 6.5% Drawing on anonymized data from 3.4

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Shield Insurance Agency

APRIL 19, 2024

This coverage pays for damages to your vehicle regardless of fault, meaning that even if you are at fault for the accident, your insurance will cover the repair costs up to the actual cash value of your vehicle, minus your deductible. The deductible is the amount you must pay out-of-pocket before your insurance coverage kicks in.

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Redbird Agents

JULY 12, 2024

It’s a massive disservice to the customer and these plans need to be presented together so they know the path to reduce the financial burden of medical bills such as deductibles, coinsurance, emergency room expenses, and many other medical costs that come along with hospital admission. What is the average premium for hospital indemnity?

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Jackson & Jackson

MAY 23, 2024

As a result, insurance premiums tend to be higher in California compared to other states. Understanding the unique challenges of the California insurance market not only empowers you but also helps you navigate the process more effectively and save money on your premiums.

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PSM Brokerage

SEPTEMBER 18, 2024

10 common Medicare misconceptions every agent should clarify for their clients: Medicare is Free Many people think Medicare is free, but most parts require premiums, deductibles, and co-payments, particularly for Part B and Part D. Medicare Covers All Health Care Costs Medicare doesn’t cover everything.

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Word & Brown

SEPTEMBER 30, 2024

It’s key to review and compare options by carrier, not just premium. 5: Discuss Cost Savings: Explain to your clients how they can save on Dental care, and how adding coverage for major services will affect their plan premium. Be prepared with different pricing strategies and buy-up options.

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Scott Insurance

SEPTEMBER 5, 2023

With limited access to insurance, affordable housing communities have no ability to negotiate insurance premiums and are forced to pay significantly higher premiums with high deductibles. Some affordable housing community owners and operators reported premium increases of 25-75% due to the presence of pull cords.

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Distinguished

SEPTEMBER 17, 2024

What are some of the key factors you consider when determining appropriate coverage limits and deductibles? If we are comfortable with our exposure, we may consider increasing the AOP deductible and the theft deductible , depending on the underwriting analysis. So specific to limits, I just mentioned security.

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Prof. Allan Manning

MARCH 11, 2024

To be fair to the Insurer they have to charge a fair premium for the extra risk passed to them by their granting the extension of coverage for Unabandoned Undamaged Portion of a Building. The rate charged like any insurance premium ought in fairness be based on the perceived risk to the Insurer.

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