The Property Insurance Law Observer

MARCH 4, 2024

At issue in the case was the application of the policy’s wear and tear exclusion and its exceptions. The insurance policy covered direct physical loss but contained an exclusion for physical damage caused by wear and tear, marring or deterioration.

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Damage Policy Claim Property Damage 130

American Agents Alliance

JULY 17, 2024

Agents and brokers play important roles in the digital claims management process, from educating policyholders on loss mitigation to helping insureds file claims and work with their insurers. Data shows about 6% of homeowners filed a claim under their homeowners insurance policies during the five years ranging from 2018 to 2022.

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Broker-Agent Broker Agents Claim 52

Bankers Insurance

MAY 16, 2024

These policies can provide critical financial security as homeowners seek to protect their fiscal stability and property. The homeowners insurance market is complicated and dynamic, and many policyholders have experienced increased rates in recent years despite no changes to their coverage or claims filed. billion each.

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Home Insurance Policyholder Insurer Insured 52

Smart Insurance Agents

SEPTEMBER 7, 2024

Dependent Definition For Health Insurance Terms In health insurance, a dependent is a person who follows certain rules set by the insurance policy. They can get health coverage under the plan of the policyholder. Dependents get the same or similar health benefits as the main policyholder.

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Policyholder Insurer Insured Insurance 52

Property Insurance Centre

MARCH 19, 2024

By understanding key terms, policy details, and the rights and responsibilities of policyholders, consumers can engage with insurers more effectively, ensuring better communication and ultimately achieving their desired outcomes.

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Property Insurance Policyholder Insurer Insured 52

Redbird Agents

JULY 9, 2024

I spoken with thousands of insurance agents, many of whom are venturing out on their own for the first time. They’ve been misled by friends claiming that selling insurance policies as an independent insurance agent is straightforward and profitable. How to sell life insurance from home?

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Insurance Agent Insurance Agents Agents Broker-Agent 130

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. 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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Protect Commercial Insurance

OCTOBER 4, 2024

Therefore, higher interest rates can sometimes lead to more expensive insurance. Changes in Underwriting Processes Interest rates can also shape the underwriting processes used by insurance companies. Underwriting involves evaluating risks and determining suitable premiums for policyholders.

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Property Insurance Out-Of-Pocket Premium Insurer 52

Redbird Agents

JUNE 14, 2024

FIA commissions are paid from the insurance company. The additional risk associated with life only payout is that if the annuitant passes away at any time, the insurance company keeps the remaining funds. It’s important to note that fixed indexed annuity commissions are not paid from the customer’s account.

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License Life Insurance Agents Premium 130

Property Insurance Centre

SEPTEMBER 25, 2024

Accidental damage is not usually covered by a normal building insurance policy. These can be added to your policy for an additional premium. Exclusions Building insurance policies will have exclusions, which are specific events or circumstances that are not covered by your policy.

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Building Insurer Insured Insurance 52

TGS

OCTOBER 30, 2024

TGS Insurance » Blog 5 Must-Know Tips for Comparing Home Insurance Quotes Choosing the right home insurance policy can sometimes feel like trying to find the perfect coffee order—it’s a delicate balance between what you need and what works best for your wallet. Bundling your home and auto insurance with the same provider?

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Insurance Quotes Home Insurance Deductible Out-Of-Pocket 52

Property Insurance Centre

JANUARY 4, 2024

. “Insureds need to be aware of the potential risks they face and work closely with their insurers to understand the coverage limitations and take proactive measures to protect their properties.” To offset these challenges, reinsurers are passing costs down to primary insurance companies.

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Property Insurance Commercial Property Liability Insurer 52

Redbird Agents

NOVEMBER 1, 2023

Clear Communications Binds a Great Customer Experience for Insurance Companies Clear communications is to customer engagement what clean floors are to a grocery store. They want nothing to do with the traditional way of selling insurance policies, which typically involves an in-person meeting or two.

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Protect Commercial Insurance

DECEMBER 6, 2024

With data breaches, ransomware, and cyber espionage on the rise, cybersecurity has become a critical focus for companies worldwide. The year 2025 sees the sophistication of these threats reaching new levels, affecting companies of all sizes. Insurers must invest in robust data protection strategies to keep up.

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Commercial Insurance Commercial Insurer Insured 52

Freeway Insurance

JANUARY 4, 2024

A low deductible health plan means the policyholder will pay less upfront and out of pocket for certain healthcare items, such as surgery. Most policies outline certain services the insured may access whether their deductible is met or not, such as a visit to the primary care doctor. Read on to learn more.

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Deductible Out-Of-Pocket Insurer Insured 52

Cover4LetProperty

OCTOBER 10, 2022

That is why a buildings insurance and contents policy typically arranged for the owner-occupying homeowner will not cover a property that is being let out either totally or even in part (a room or two in your own home, for instance). What does let property insurance cover offer by way of protection?

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Insurer Insured Insurance Property Insurance 52

Risk Management Monitor

SEPTEMBER 30, 2022

Gather insurance policies and related insurance records. If your policy was destroyed or is lost, contact your insurance company or agent/broker to request a copy. Contact other business partners who may have copies of your insurance policies and records, such as attorneys and accountants.

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Damage Claim Broker-Agent Risk 75