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Renovations and Home Insurance: What You Need to Know

Boyle Agency Insurance

However, amidst the anticipation and creativity that renovations bring, it’s crucial not to overlook the impact they can have on your home insurance. Coverage Adjustments Renovations can increase the value of your home, and it’s essential to ensure that your home insurance coverage reflects these changes.

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Driving Without Insurance in Florida

TGS

10,000 in Property Damage Liability (PDL): Pays for damage you cause to someone elses property in an accident. Heres what you could face: Fines and Fees: A first offense can result in a fine of up to $500, plus additional reinstatement fees to get your license and registration back.

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Housing Code Violations in Philadelphia: An Interview with Katie Vespia

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Beyond monetary penalties, the Department of Licenses and Inspections (L&I) may also issue orders to cease operations or require the property to be vacated if the health or safety risks are deemed too severe. Are there specific types of insurance that are more sensitive to these housing violations? Yes, indeed.

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Housing Code Violations in Los Angeles: An Interview with Katie Vespia 

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Many insurers require that all outstanding violations be remedied before they issue or renew a policy, meaning that a property with a history of violations is likely to face higher costs or even coverage refusal. Are there specific types of insurance that are more sensitive to these housing violations? Yes, indeed.

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Housing Code Violations in San Francisco: An Interview with Katie Vespia

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However, for more significant violationssuch as major plumbing failures or fire hazardscoverage may be denied entirely, leaving the property ineligible for insurance. Are there specific types of insurance that are more sensitive to these housing violations? Yes, indeed.

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What is a "Surplus Lines" Insurance Carrier and Do I Need One?

Wren Insurance Agency

Depending on your circumstances, traditional home, auto or business-related insurances may not be enough to cover your distinctive needs. This is where "surplus lines" insurance comes in. A surplus lines company is a type of insurer that provides coverage for risks that are unavailable through standard, licensed carriers.

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Housing Code Violations in Chicago: An Interview with Katie Vespia

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However, for more significant violationssuch as major plumbing failures or fire hazardscoverage may be denied entirely, leaving the property ineligible for insurance. Are there specific types of insurance that are more sensitive to these housing violations? Yes, indeed.