Remove Claim Remove Deductible Remove Risk
article thumbnail

What Is A Home Insurance Deductible?

Simply Insurance

Learn everything you need to know about your home insurance deductible, their options, and how they work! Well, here’s the thing: Figuring out how your homeowners insurance deductible works isn’t complicated and it almost works like any other deductible. What Is A Home Insurance Deductible? Agents not required.

article thumbnail

How Regular Equipment Maintenance Can Help Prevent Costly Claims

Mark Jackson Insurance Agency

Whether its commercial HVAC units, manufacturing machinery, kitchen appliances, or company vehicles, equipment failures can bring work to a halt, and in some cases, trigger insurance claims with potentially high deductibles. Its a key risk management strategy that can protect your bottom line.

Claim 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Common Commercial Insurance Mistakes (and How to Avoid Them)

Mark Jackson Insurance Agency

Choosing the Wrong Deductible It’s tempting to choose a higher deductible to lower your premium, but that can backfire in the event of a claim. If the deductible is more than your business can comfortably pay, you might delay repairs or go without needed replacements.

article thumbnail

Why Museums Should Buy a Stand-Alone Fine Art & Collectibles Policy

Distinguished

Museums require specialized protection against various risks. Our stand-alone Fine Art & Collectibles policy addresses the risks associated with museum collections , including owned items, borrowed works, and display equipment. Fine Art & Collectibles policies ensure more manageable deductibles for museum-specific risks.

Policy 52
article thumbnail

Court Finds Policy Term, “Windstorm,” to be Ambiguous in Coverage Dispute Involving Tornado

The Property Insurance Law Observer

The insureds suffered property damage caused by a tornado and subsequently submitted a claim to their insurer. The insurer paid only a portion of the claim because it maintained that the tornado that struck and damaged the property was a “windstorm” and, therefore, the claim was subject to the policy’s “Windstorm or Hail Deductible.”

Policy 130
article thumbnail

Part 1: Workers’ Comp Independent Premium Audits Explained

AMAXX

Click Link to Access Free PDF Download “Workers’ Comp Claims Review Checklist: 9 Must-Have, Serious-Impact Elements” A common and costly mistake employers make is overlooking allowable payroll deductions. It is crucial to segregate payroll accurately by the correct classification codes. However, strict rules apply.

article thumbnail

How to Choose the Right Auto Insurance Deductible

TGS

TGS Insurance » Blog How to Choose the Right Auto Insurance Deductible When it comes to auto insurance, one of the most important decisions you’ll make is selecting your deductible. But what exactly is a deductible, and how do you know which one is right for you? So, how do you choose the right auto insurance deductible ?