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Protect Your Finances: The Truth About Small Insurance Claims

Shield Insurance Agency

Shield Insurance Blog | Small Insurance Claims | Contact Our Sales Team! Small Insurance Claims Can Raise Premiums Small insurance claims, such as those for minor property damage, may seem like a hassle to deal with. However, filing small insurance claims can have long-term financial consequences.

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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. Thats why regular equipment maintenance is about more than efficiency.

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The Importance of Commercial Property Insurance for UK Small Businesses

Protect Commercial Insurance

– Claim History : If your business has had past insurance claims, this could impact future premiums. A clean claims history often results in lower rates. For example, combining commercial property insurance with general liability insurance might save you money.

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A Comprehensive Guide to Understanding Commercial Property Insurance

Protect Commercial Insurance

. – Mandatory Coverage : While commercial property insurance is not legally required by UK law, certain businesses might be bound by contractual obligations if they lease or finance their business premises. Non-compliance can sometimes void insurance claims.

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Navigating Michigan Auto Insurance: Understanding Collision Coverage

Shield Insurance Agency

This coverage pays for damages to your vehicle regardless of fault, meaning that even if you are at fault for the accident, your insurance will cover the repair costs up to the actual cash value of your vehicle, minus your deductible. The deductible is the amount you must pay out-of-pocket before your insurance coverage kicks in.

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What is Subrogation and How Does it Work?

Bankers Insurance

By: Dwight West | Commercial Insurance Advisor dwest@bankersinsurance.net | (757) 591-3166 WHAT IS SUBROGATION? In this scenario, you file a claim using your collision coverage and receive a check from your insurer to cover the repair costs, minus your deductible. HOW LONG DOES SUBROGATION TAKE?

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

Property Insurance Centre

If you have a low credit score, you may be considered a higher risk and could face higher insurance premiums as a result. By understanding these factors, you can take steps to reduce your insurance costs, such as choosing a higher deductible or improving the condition of your property.