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What is a Loss History Report?

TGS

Policy Information Details of the insurance policies under which the claims were filed. Insurance companies rely on these reports to assess risk when underwriting a new policy. If a home has a history of frequent claims, insurers may see it as high-risk, which can lead to higher premiumsor even difficulty securing coverage.

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Protect Your Finances: The Truth About Small Insurance Claims

Shield Insurance Agency

One major consequence of filing small insurance claims is the potential for increased insurance premiums. When you file a claim, it signals to the insurance company that you are more likely to cost them money in the future. As a result, the insurance company may raise your premiums to offset the potential risk.

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Does Home Insurance Cover Vacation Rentals? Here’s What You Need to Know

TGS

Before you hand over the keys to your weekend guests, here’s what you need to know about the risks, the gaps, and the insurance solutions that protect vacation rental hosts. What Does Standard Homeowners Insurance Actually Cover? A typical homeowners insurance policy is designed for owner-occupied properties.

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Coverage Options for Home Insurance

Paragon Independent Insurance Agencies

If you’ve recently purchased a home in Texas, it’s crucial to protect your investment by securing a homeowners’ insurance policy. Many new homeowners are unsure about the amount of coverage they need and have questions about home insurance.

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Do I Need More Insurance Coverage If I Have an Expensive Car?

Paragon Independent Insurance Agencies

Protecting a high-end vehicle in Plano, TX, can help secure your overall investments. Paragon Independent Insurance Agency can help determine if you need additional coverage for your expensive vehicle. You can customize a regular auto insurance policy with specific coverage for your high-end vehicle.

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Does Commercial Property Insurance Cover Water Damage?

Tosten Marketing

Commercial property insurance water damage coverage is a complex topic with many nuances. This blog post will explore what types of water damage are typically covered, common exclusions, and additional coverage options to consider for comprehensive protection. What Water Damage Does Commercial Property Insurance Cover?

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Five Biggest Threats Faced by Independent Insurance Agencies

InsuredMine

Amid rising inflation and market fluctuations, independent insurance agencies keep on finding themselves grappling with intensified challenges stemming from a continuous cycle of economic uncertainties, geopolitical headwinds, environmental challenges, and capital constraints. These challenges can be squeezing profits.