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Why Your Home Insurance Premium Increased by 20% – Even If Only Your Neighbor’s House Burned Down 

Agency Height

When an insurer assesses your premium, they evaluate you as an individual policyholder and the broader environment around you —especially your ZIP code or even block. Here’s the straight truth: insurance is not just about your home; it’s about the risk profile of your entire area. If your neighbor’s house catches fire, it’s a data point.

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Why can’t I get insurance?

Property Insurance Centre

Let’s have a look at them… Don’t claim for everything – One thing insurers do not like, is a policyholder that claims over multiple times a year & for the smallest thing. Insurance should be there for you when you need it most, and good property management, should mean there is a kitty available for certain incidents that may occur.

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

Property Insurance Centre

Building insurance typically covers damage caused by a range of perils, including fire, theft, vandalism, and natural disasters. Another requirement may be the installation of a security system, such as alarms and deadbolts, to deter theft and break-ins. What is Covered? Q: What does building insurance coverage typically include?

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Freehold Block of Flats Insurance: Top Cover Tips

Property Insurance Centre

This includes providing details about any unoccupied flats, as they may pose higher risks due to increased vulnerability to theft, vandalism, or damage. Excess refers to the amount of money that the policyholder must contribute towards a claim. Excesses are another important aspect to consider when buying a policy.