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Protect Your Finances: The Truth About Small Insurance Claims

Shield Insurance Agency

Shield Insurance Blog | Small Insurance Claims | Contact Our Sales Team! Small Insurance Claims Can Raise Premiums Small insurance claims, such as those for minor property damage, may seem like a hassle to deal with.

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Emerging Property Insurance Trends 2024

Property Insurance Centre

Get a Quote Insurance under one roof We are specialists in many types of insurance GET YOUR QUOTE GET YOUR QUOTE Key Takeaways Consistent rate increases have been experienced in the property insurance market since 2017. Weather conditions and natural disasters contribute to higher property losses.

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How to Protect your Business Against Frozen Pipes and Sprinkler Systems

Bankers Insurance

Property damage: Burst pipes and malfunctioning sprinkler systems can result in substantial water damage to a building’s structure, interior, and equipment, incurring significant repair costs. Failure to uphold a functional sprinkler system can lead to legal compliance problems, fines, and penalties.

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The Importance of Accurate Valuation in Commercial Property Insurance

Bankers Insurance

Businesses may end up with inaccurate ITV calculations for a wide range of reasons — whether it stems from ineffective property valuation methods, intentionally underestimating costs to secure reduced premiums or being impacted by factors outside their control (e.g., inflation). Regardless, such inaccuracies are all too common.

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Understanding Consumer Education and Property Insurance

Property Insurance Centre

An immediate response to property damage is crucial. Policyholders should be educated on the importance of documenting damage as it occurs, including taking photographs or videos of the affected areas. This documentation serves as evidence and can support their claims.

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Buying Boat Insurance 101: What You Need to Know

Maritime Insurance International

When buying boat insurance, you will have the opportunity to select your coverage options. Boat insurance costs can vary. There are a range of factors that may impact the premium you will pay for your policy. Bundle discounts may be available when purchasing multiple lines of insurance through the same provider.

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Should You Revisit Insured Property Value Estimates?

Risk Management Monitor

One of the first steps in obtaining commercial property insurance is to determine the value of the property being insured. The reported property value will drive premium amounts and, importantly, represents the property loss exposure.