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Shield Insurance Blog | Small InsuranceClaims | Contact Our Sales Team! Small InsuranceClaims Can Raise Premiums Small insuranceclaims, such as those for minor property damage, may seem like a hassle to deal with. However, filing small insuranceclaims can have long-term financial consequences.
Navigating the world of insurance can feel overwhelming, especially when it comes to understanding commercial property insurance. This friendly guide will walk you through the essentials of commercial property insurance, helping you protect your business premises and assets with confidence. Let’s dive in!
This is where a loss history report comes inits like a propertys report card for past insuranceclaims. A loss history report provides a record of insuranceclaims filed on a property, typically over the past five to seven years. This report includes: Claim Details Dates of past claims, type of loss (e.g.,
Implementing strategic insurance methods can help safeguard your business. Liability Insurance Liability coverage protects you against legal costs that could disrupt your business. Protection against damage and theft shields you from financial losses that could affect your business sales.
In February 2024, Change Healthcare, whose technology powers the processing of some 15 billion medical bills and insuranceclaims a year, suffered a ransomware attack. Although hackers gained access to only a few servers, they exfiltrated files likely containing protected personal information. Show it to your healthcare clients.
It is basically designed to protect you and your family from financial loss if you should suffer a catastrophic event and your other insurancepolicies don’t provide enough protection. This is where Umbrella Insurance comes in – to cover you like an umbrella. Do I Need Umbrella Insurance?
Then, adjust your insurancepolicy accordingly. Your residential insurancepolicy can list the items you invest in. The insurance coverage will protect against unforeseen damage and theft. Be aware that some events may not be included in a standard insurancepolicy.
Accidental damage is not usually covered by a normal building insurancepolicy. Get a Quote Insurance under one roof We are specialists in many types of insurance GET YOUR QUOTE GET YOUR QUOTE Here you can quickly discover all about building insurance and top building insurance pitfalls. What is Covered?
By Max Dorfman, Research Writer, Triple-I The total value of lightning-caused homeowners insuranceclaims rose more than 30 percent in 2023, to $1.27 billion from $950 million in 2022, Triple-I estimates based on national claims data provided by State Farm. The number of claims rose 13.8 of Claims Avg.
TGS Insurance Blog Freezing temperatures might not visit your home often, but when they do, preparation is key to avoiding damage and keeping everyone safe. Lets explore practical, straightforward steps to help you prepare your home for a freezeensuring peace of mind and protection from the cold. The good news?
The following 5 Permissions are necessary if you’re advising or transacting on Commercial Insurance 1. This includes recommending a specific insurancepolicy to a customer. Assisting in the administration and performance of an insurance contract. The post 5 FCA permissions for advising on commercial insurance.
Freehold Block of Flats Insurance: Top Cover Tips If you own a freehold block of flats , it’s crucial to have the right insurance coverage to protect your investment. Standard home insurancepolicies may not provide adequate protection for the unique risks associated with a block of flats.
Whether you have outstanding debts, want to leave an inheritance for your loved ones, or simply want to cover your final expenses, life insurance can provide essential financial protection. Senior Life Insurance Options There are several life insurance options specifically designed for seniors.
Prepare now to protect yourself, your loved ones, and your home. Once you have identified a sturdy building, plan to shelter in the basement or a small, interior, windowless room on the lowest level to provide additional protection from high winds. Review your home insurancepolicy. But we can take action to prepare.
Introduction Navigating the world of commercial insurance can feel a bit like wandering through a maze, with myths lurking around every corner. It’s essential for business owners to separate fact from fiction to ensure they have the right protection. Investing in the right policy can save you a lot of money in the long run.
The Basics: Defining a No-Fault State At its core, a no-fault state is one where your car insurancepolicy takes care of your medical expenses and certain other costs, regardless of who caused the accident. In a no-fault state like Florida, every driver is required to carry Personal Injury Protection (PIP) coverage.
Read now » Related Content Builders Risk Insurance and Its Use in Construction Projects Discover the unusual characteristics of builders risk insurance and how features of the coverage differentiate it from other commercial policies that can afford some, but not identical, protection to the policyholder.
Michigan is a state with unique auto insurance requirements that can sometimes be confusing to navigate. Among these requirements, collision coverage is a significant aspect that drivers should understand in order to make informed decisions about their insurancepolicies.
Knowing exactly what to do after a car accident can make all the difference in ensuring a smooth claims process, protecting your rights, and, most importantly, keeping everyone safe. Plus, having a police report on file can help you later when dealing with insuranceclaims. When the police arrive, stick to the facts.
The widespread damage incurred from Idalia last year highlighted the importance of being financially protected from catastrophic losses – and that includes having adequate levels of property insurance and flood coverage,” said Triple-I CEO Sean Kevelighan.
Many insurance professionals recommend taking steps now to handle a possible increase when you renew your insurancepolicy. What’s Causing the 2025 Insurance Boost in California? One of the primary reasons for the 2025 California car insurance increase is legislative.
As a Customer Service Representative/Account Manager at Shield Insurance Agency, your primary responsibilities will be answering phones and emails from existing customers to assist them with making changes to their current insurancepolicies, quoting new business and re-quoting, processing billing payments, and filing and tracking claims.
Unlike car insurance, boat insurance is not required in most states. Whether or not your state requires you to insure your boat, however, insurance is still a good idea in many cases. With proper coverage, you can protect your investment and even cover expenses following an accident. Zero Claims.
The New York law requires that an insured defendant disclose information about any insurancepolicies sold or delivered in New York that could be applicable to a plaintiff’s claim. This requires careful assessment to ensure compliance while avoiding potentially unnecessary insurance disclosures.
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It empowers individuals to make informed decisions about insurance coverage and understand their policy rights. Consumer education ensures that individuals are prepared and protected with the proper insurance coverage and are knowledgeable about the claims process.
This concept is typically applied in automobile insurance, both personal and business, and is also found in property, general liability, and worker’s compensation insurance. Its primary purpose is to protect you from bearing the financial burden of accidents that were not your fault.
From the catastrophic floods in Carlisle in 2005 to the more recent deluge in London in 2021, businesses in flood-prone areas have faced disruption, financial losses, and complex insuranceclaims. This article explores the intricacies of commercial flood insurance in the UK, highlighting regional variations, challenges, and solutions.
In this article, we will explore the key trends that are influencing property insurance rates, coverage limitations, and market outlooks. By understanding these emerging trends, you can better navigate the property insurance landscape and make informed decisions to protect your assets.
Every year your home grows older, it becomes more prone to issues such as plumbing leaks, electrical faults, or roof damage—all of which can lead to costly insuranceclaims. When the cost of replacing or repairing homes rises, so does the amount insurers have to pay out in claims.
TGS Insurance Blog Home Insurance Tips for Renovations: Protect Your Investment Renovating your home is excitingwhether youre adding an extra bedroom, modernizing the kitchen, or installing your dream spa-like bathroom. Water damage is one of the most common home insuranceclaims, so taking preventive steps here is key.
This is where FloodFlash Insurance steps in as a beacon of hope for savvy property investors. Offering tailored insurance solutions, FloodFlash helps protect your valuable assets against the unpredictable wrath of nature, ensuring your investment remains secure and sound even when the waters rise.
Commercial property insurance is a key component in this protection, offering a safety net against unexpected disasters. Whether you own a quaint little shop or a sprawling office complex, securing proper insurance means youre prepared for the unexpected.
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