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Protect Your Finances: The Truth About Small Insurance Claims

Shield Insurance Agency

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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Impact of Rising Interest Rates on Property Insurance

Protect Commercial Insurance

How Interest Rates Influence Insurance Costs Insurance premiums are sometimes indirectly influenced by interest rates. Here’s how: insurers rely on investment income to keep premiums competitive. When interest rates rise, the returns on these investments can increase, potentially affecting premium rates.

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Tips for Buying Home Insurance

Bankers Insurance

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. Even among typical homeowners policies, premiums likely increased year over year. WHAT HAPPENED IN 2023? billion each.

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Low-Deductible Health Insurance: Pros and Con

Freeway Insurance

A low deductible health plan means the policyholder will pay less upfront and out of pocket for certain healthcare items, such as surgery. You’re shopping for health insurance with the goal of getting the best coverage you can afford. The most you’re worried about is a minor illness or accident. Read on to learn more.

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HMO vs PPO vs POS vs EPO: What’s the difference?

Healthinsurance.org

Each type of managed care limits, to varying degrees, the number of providers from which a patient can choose, whether the patient has to use a primary care physician, and whether out-of-network care is covered under the plan. And why do health plans have managed care designations? 5 (Medicare Advantage plans are managed care plans.

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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).

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Top Building Insurance Pitfalls To Trigger F.O.M.O.

Property Insurance Centre

This might seem like an advantage since this saves cost initially, though it might lead to high premium costs later on. This way you can avoid situations where you end up finding out what you are not being covered for. This will afford you adequate insurance cover to meet all the costs of rebuilding in case of total destruction.