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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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

Property Insurance Centre

MARCH 19, 2024

Understanding Consumer Education and Property Insurance As an informed consumer, education on consumer rights and property insurance is crucial. It empowers individuals to make informed decisions about insurance coverage and understand their policy rights. Leads to confusion and potential gaps in coverage.

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Property Insurance Policyholder Insurer Insurance 52

Protect Commercial Insurance

OCTOBER 4, 2024

They can be set by central banks and are influenced by several factors, including inflation, economic growth, and monetary policy decisions. Sometimes, changes in global financial markets or government policies can also be catalysts for rate hikes. Definition and Causes Interest rates are, essentially, the cost of borrowing money.

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Property Insurance Out-Of-Pocket Premium Insurer 52

American Agents Alliance

OCTOBER 14, 2024

Agents can tailor their marketing approach by highlighting products and features of policies that make sense for the individual, along with aligning their service with value-forward companies. They can explain how premiums are determined, how policyholders can mitigate their risk, and why certain coverages are important.

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Agents Broker-Agent Policyholder Broker 52

Scott Insurance

JANUARY 31, 2024

According to Money.com , an independent publisher, recent year-over-year premium increases have averaged 20%, and policyholders should expect to see at least a 10-15% increase in 2024. Increased Replacement costs Most homeowners policies are designed to completely pay for replacing a home in the event of a total loss.

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Premium Deductible Insurance Carrier Insurer 52

Property Insurance Centre

SEPTEMBER 25, 2024

See what is not covered in terms of events/damage for your policy and think about getting flood insurance or accidental damage insurance if desired. Accidental damage is not usually covered by a normal building insurance policy. – Failure to read particular policy documents. What is Covered?

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Building Damage Insurer Insurance 52

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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Leadsurance

AUGUST 1, 2023

By incorporating elements such as: challenges points levels leaderboards gamification creates an interactive and engaging experience for users, including policyholders. How insurance companies can use gamification to improve their business Gamification can help insurers in various ways.

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Insurance Companies Insurance Agent Insurance Agents Insurer 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.

Property Insurance 52

Property Insurance Commercial Property Liability Premium 52

InsuredMine

FEBRUARY 15, 2024

By leveraging the power of innovative technology, InsuredMine’s solutions enable easy and efficient communication, while simplifying policy management tasks and automating documentation. This is where the approach to insurance operations is revolutionizing the way insurance companies operate and engage with customers.

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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 Insurance 52

LexisNexis

SEPTEMBER 17, 2024

With autonomous vehicles or AVs slowly gaining market share and the technology rapidly advancing, this is becoming an increasingly urgent question for insurance companies. Indeed, AV technology could upend the very foundations of the car insurance industry. First, some basics.

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Auto Insurance Insurer Insurance Insured 52

Triple-I: Homeowners Insurance

JUNE 26, 2024

. – the state-run insurer of last resort and currently Florida’s largest residential insurance writer – has swelled with new business and lawsuits. Citizens’ depopulation efforts to move policyholders to private insurers contributed to policy counts falling to 1.23 million by the end of 2023.

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Premium Property Insurance Claim Policyholder 52

Hunton Andrews Kurth

MARCH 11, 2021

AMCO Insurance Co. is noteworthy due to the great lengths taken to define a policy provision regarding coverage related to food contamination. When Nashville Underground sought coverage under its policy, AMCO denied the claim. The court’s opinion dismissing Nashville Underground LLC v.

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Business Interruption Injury Policy Policyholder 52

Majesco

APRIL 25, 2024

Policy management flows smoothly from shortstop (underwriting) to second base (billing) to first base (customer service). For insurers, the grand slam is an exceptional customer experience with optimized operations. But instead of a fastball hurtling toward home plate, it’s a data-driven algorithm—a curveball of innovation.

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Underwriter Underwriting Premium Claim 40

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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Constant Contact

NOVEMBER 17, 2020

Whether you’re new to the insurance industry or have been at it for decades, in order to keep your business growing, you need to understand insurance marketing almost as well as you understand insurance. Insurance marketing starts with an in-depth understanding of the kinds of customers you want to write policies for.

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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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Redbird Agents

JUNE 14, 2024

FIA commissions are paid from the insurance company. An annuitant is the individual or entity listed on the annuity policy that will receive the funds. 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.

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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 Insurance Insured 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

Agency MVP

DECEMBER 20, 2021

So, if you create useful content such as informative posts about insurance-related topics, or your very own policies for that matter, and then go the extra step of optimizing those pages for search engines, you will attract more potential clients to your site. You develop a reputation as a company with a soul, one that truly cares.

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