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How Home Renovations Can Affect Your Homeowners Insurance Policy

TGS

TGS Insurance » Blog Do You Need to Tell Your Homeowners Insurance About Home Renovations? When taking on new home renovations, your homeowners insurance policy might not be the first thing on your mind. However, for many home renovation projects, you will need to inform your insurance agent.

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Builder’s Risk Insurance in Tennessee: A Broker’s Guide 

Distinguished

Job sites that are under construction are prone to things like fire, theft, and vandalism. All of which can cost their property or business owners millions of dollars in losses without adequate insurance coverage. This is why the popularity of Builder’s Risk insurance is growing. Naturally, they must be named on the policy.

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10 Factors That Affect Homeowners Insurance Premiums in Florida

TGS

These features reduce the risk of significant damage or theft, meaning less risk for the insurance company. If you’ve filed multiple claims in the past, insurers may view you as a higher risk, which can raise your rates. Deductible Amount Your deductible is the amount you pay out of pocket before your insurance kicks in.

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Top Reasons Your Home Insurance Premium Might Increase [2024]

TGS

When the cost of replacing or repairing homes rises, so does the amount insurers have to pay out in claims. To put it simply, if your home insurance policy is designed to cover the cost of rebuilding, that cost has probably gone up over time. Well, your insurance premium is no different.

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Block of Flats Insurance Glossary of Terms

Property Insurance Centre

Importance of Accurate Declared Value It is vital that the block management company ensures the flats are insured for the correct rebuilding cost , as this value can increase each year depending on rising costs of materials and labour, as well as new building regulations. This can apply to a total loss (e.g. damage caused by a leak).

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Becoming a Cyber Insurance Leader

Zywave

With Cyber Quoting , Zywave is streamlining the distribution process for insurers and their broker partners. This unique quoting platform combines embedded data insights with a simplified cyber questionnaire, allowing brokers to provide bindable cyber insurance quotes.

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Why Finding Homeowners Insurance in California is So Challenging in 2024:

Jackson & Jackson

One important aspect of homeowners insurance is that it not only protects the physical structure of the home but also extends coverage to personal belongings inside the property. The rise of Insurtech companies, utilizing artificial intelligence and big data analytics, has introduced new ways of assessing risk and pricing policies.

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