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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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Keeping Coverage Affordable: California Drivers Will See Auto Insurance Rate Increases in 2025

Freeway Insurance

Senate Bill 1107 , which increases minimum insurance requirements, is expected to further drive up premiums statewide. These drivers are often seen as higher risk by insurers, which can lead to higher premiums even before the 2025 hike. million uninsured drivers in the state.

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Resilience Investments Paid Off in Florida During Hurricane Milton

Triple-I: Homeowners Insurance

Every dollar invested in disaster resilience could save 13 in property damage, remediation, and economic impact costs, suggesting risk mitigation and recovery strategies will become even more essential as natural catastrophe severity increases. Discounts in lower-rated jurisdictions, however, still equate to large premium reductions.

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Navigating Commercial Property Insurance: A Guide for New Investors in California

Jackson & Jackson

Key Coverages for California Property Investors Property Damage : Covers damage to your buildings and contents caused by fire, theft, vandalism, and natural disasters. Liability Protection : Protects against claims of property damage or personal injury caused by you or your operations.

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North Carolina New Minimum Auto Insurance Requirements 2025

TGS

Will These Changes Impact Insurance Premiums? Yes, raising minimum coverage requirements is likely to result in higher premiums for drivers. Why Are the Minimum Limits Increasing? Insurers will need to adjust rates to accommodate the increased coverage levels.

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Why Are Personal Auto Insurance Rates Increasing?

Scott Insurance

is facing higher-than-normal increases to their auto insurance premiums. Increased Volume and Cost of Auto Claims Your personal auto insurance is designed to pay for the costs that may be incurred due to an accident (property damage/repairs, medical costs). What Can You Do to Impact Your Auto Insurance Premium?

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Big Changes Ahead for California Auto Insurance: Senate Bill 1107 and What It Means for Agents

American Agents Alliance

The legislation, effective January 1, 2025, will increase the current minimum of $15,000 per claimant and $30,000 per occurrence for bodily injury, and $5,000 for property damage (15/30/5), to $30,000 per claimant, $60,000 per occurrence for bodily injury, and $15,000 for property damage (30/60/15).