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Court Finds Policy Term, “Windstorm,” to be Ambiguous in Coverage Dispute Involving Tornado

The Property Insurance Law Observer

The insureds suffered property damage caused by a tornado and subsequently submitted a claim to their insurer. The insurer paid only a portion of the claim because it maintained that the tornado that struck and damaged the property was a “windstorm” and, therefore, the claim was subject to the policy’s “Windstorm or Hail Deductible.”

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Protect Your Finances: The Truth About Small Insurance Claims

Shield Insurance Agency

Small Insurance Claims Can Raise Premiums Small insurance claims, such as those for minor property damage, may seem like a hassle to deal with. Many policyholders may be tempted to file a claim for every little incident in the belief that their insurance policy will cover all damages.

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What Does It Mean to Be a No-Fault State?

TGS

While it covers medical expenses, lost wages, and certain other costs, it doesn’t cover property damage to your car or liability for damages to others. That’s where additional coverage types, like Property Damage Liability (PDL) and Bodily Injury Liability (BIL) , come into play.

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How To Save Money On Your Commercial Insurance

Protect Commercial Insurance

It provides protection against a plethora of risks, including property damage, liability claims, theft, and even employee injuries. Increase Your Deductibles If you’re looking to lower your insurance premiums, consider increasing the deductibles on your policies.

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Essential Business Insurance Guide: Safeguarding Your Property From Cyber Threats

Protect Commercial Insurance

In this article, we will explore different types of insurance coverage that can help safeguard your business from property damage, liability claims, cyber threats, and more. General liability insurance provides coverage for injuries or property damage that occur on your business premises or as a result of your business operations.

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Big Changes Ahead for California Auto Insurance: Senate Bill 1107 and What It Means for Agents

American Agents Alliance

The legislation, effective January 1, 2025, will increase the current minimum of $15,000 per claimant and $30,000 per occurrence for bodily injury, and $5,000 for property damage (15/30/5), to $30,000 per claimant, $60,000 per occurrence for bodily injury, and $15,000 for property damage (30/60/15).

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Mold: Impacts on the Affordable Housing Industry

Scott Insurance

Environmental / Pollution Environmental/pollution policies are available in the market and can contemplate both the first party (property) and third party (general liability – bodily injury/property damage) mold exposure.