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TGS Insurance Blog Lets be realwhen its time to pick an autoinsurance policy, most of us are just hunting for the cheapest option that doesnt leave us totally exposed. So, lets break it down: what exactly is liability only autoinsurance, and what risks are you signing up for if you roll with it?
Three insurers that paid more than $1 million in auto and propertydamage claims to a New York couple and their homeowners association are attempting to recover the payments from the giant car maker and local dealership. The claims stemmed …
New Legislation Means Many California Drivers Will Need More Coverage in 2025 Now that 2025 is here, many California drivers will face another significant autoinsurance rate increase. This latest change could disproportionately affect communities where insurance costs already strain household budgets.
From property protection to liability coverage, ensuring your business insurance policies align with your expansion is critical. Without the right coverage, unforeseen challenges—such as propertydamage, employee injuries, or legal issues—could put your investment at risk.
For example, the IRC findings across personal auto lines show a dual trend in Georgia of increased claims and litigation. Propertydamageliability claims per 100 insured vehicles are 15 percent higher, and relative body injury claims frequency is 60 percent higher.
The state mandates that all registered vehicles carry minimum autoinsurance coverage as the Florida Financial Responsibility Law outlines. 10,000 in PropertyDamageLiability (PDL): Pays for damage you cause to someone elses property in an accident.
TGS Insurance Blog Understanding the New North Carolina Minimum AutoInsurance Requirements Effective January 1, 2025 Starting January 1, 2025, North Carolina will implement new minimum autoinsurance requirements, marking a significant update to the state’s financial responsibility laws.
From kitchen fires and equipment breakdowns to liability claims and utility outages, restaurants operate in an environment where a single incident can lead to costly interruptions or legal exposure. To stay resilient, restaurant owners need insurance that helps them recover quickly and mitigate financial losses when something goes wrong.
Commercial autoinsurance is essential if your company owns or operates vehicles—whether for deliveries, client visits, or transporting goods. It helps cover accidents, repairs, and liability claims, ensuring your business isn’t financially burdened by unexpected incidents.
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However, with opportunity comes risk: propertydamage, liability claims, and unexpected financial losses can quickly turn a profitable investment into a costly liability. Properties near major rivers also face flooding risks. Hired and non-owned autoinsurance: Covers vehicles used for property management.
Although cities like Denver, Boulder, and Colorado Springs have thriving real estate markets, owning rental properties still comes with risks, making rental propertyinsurance essential. Hailstorms , winter storms, and tenant-related liabilities can lead to significant financial losses if landlords are not properly insured.
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How Much Is Aircraft Mechanic LiabilityInsurance? Drone Insurance Drone Insurance Quotes Pilot Insurance Pilot Insurance Quotes How Much Is Student Pilot Insurance? How Much Is Senior Pilot Insurance? The cost of car insurance in Illinois can vary widely based on several factors.
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Basic Information About Driving a Vehicle in Florida What type of car insurance policy is required by law in Florida? A proof that you have purchased Personal Injury Protection (PIP) and PropertyDamageLiability (PDL) automobile insurance must be presented before you can be allowed to register a vehicle with at least four wheels in Florida.
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Here are the top 6 insurance policies every IT business in California should have to safeguard their operations. Professional LiabilityInsurance (Errors & Omissions Insurance) For IT consultants, developers, or tech startups, mistakes can happen. One oversight could lead to costly lawsuits.
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While it covers medical expenses, lost wages, and certain other costs, it doesn’t cover propertydamage to your car or liability for damages to others. That’s where additional coverage types, like PropertyDamageLiability (PDL) and Bodily Injury Liability (BIL) , come into play.
Others verify that you have a separate car (with standard autoinsurance ) that you use for your day to day activities, such as your commute. >> >> TGSI TIP: Ask your insurance agent about Under Construction coverage for an ongoing restoration project. It all starts with a free quote , no strings attached.
PropertyDamageLiability (PDL): $10,000 minimum to cover damage you cause to another person’s property. How TGS Insurance Agency Can Help If you’re feeling overwhelmed by Florida’s insurance requirements or worried about finding coverage that fits your budget, you’re not alone.
Understanding Small Business Insurance in California The Basics of Business Insurance Before diving into the world of insurance savings, it’s crucial to understand the basics of business insurance. Small business insurance covers propertydamage, liability claims, and employee-related risks.
In many states, you’re required to file a police report for accidents that involve injuries or significant propertydamage. Plus, having a police report on file can help you later when dealing with insurance claims. Call the Authorities Even in minor accidents, it’s generally a good idea to call the police.
Thats why they need broad and comprehensive insurance policies that can cover them, whether theres a fire in the kitchen or a slip at the pool. Property : General propertyinsurance covers the hotel business property, protecting the physical buildings and structures from covered perils. Still have doubts?
On September 28, 2022, Governor Gavin Newsom signed Senate Bill 1107, also known as the Protect California Drivers Act , into law, which will double minimum autoliability limits. The underlying reason for the increase in liability limits comes down to rising costs in various sectors. Why Are Limits Being Increased?
With 33% of Ohio residents renting rather than owning, the state presents a strong opportunity for property investors. Harsh winters, severe storms, aging infrastructure, and liability claims can all turn a profitable property into a financial setback without proper insurance. But with that opportunity comes exposure.
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