TGS

FEBRUARY 28, 2025

This is where a loss history report comes inits like a propertys report card for past insurance claims. A loss history report provides a record of insurance claims filed on a property, typically over the past five to seven years. This report includes: Claim Details Dates of past claims, type of loss (e.g.,

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TGS

NOVEMBER 12, 2024

TGS Insurance » Blog Unlocking a Smart Home Insurance Discount: How Your Gadgets Can Lower Your Premiums If you’ve recently dipped a toe into the world of smart home technology, you’re likely familiar with the benefits of convenience. Wrapping Up: Is a Smart Home Insurance Discount Worth It? In short, yes!

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Triple-I: Homeowners Insurance

MAY 8, 2024

Insurers also benefited from a relatively mild 2023 Atlantic hurricane season and a meaningful increase in investment income, posting a net profit for the first time in seven years. One factor keeping upward pressure on rates is fraud and legal system abuse. With only 15 percent of U.S.

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Boyle Agency Insurance

APRIL 27, 2024

Determinants Of Homeowners Insurance Premiums Certain factors have an effect on your homeowners insurance premium. These factors make filing a claim more likely, and they range from the condition of your home to your financial standing. Below we offer some factors that may affect NJ Homeowners Insurance premiums.

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Freeway Insurance

JANUARY 3, 2025

Senate Bill 1107 , which increases minimum insurance requirements, is expected to further drive up premiums statewide. This latest change could disproportionately affect communities where insurance costs already strain household budgets. As these expenses climb, insurers pass them on to drivers through higher premiums.

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Auto Insurance Premium Liability Insurance 98

Protect Commercial Insurance

APRIL 11, 2025

. – 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. – Claim Process : Investigate how insurers handle claims.

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Cowbell

APRIL 16, 2025

Cowbell MDR SOC-as-a-Service actively works to reduce your risk and mitigate incidents before they cause damageoften lowering your insurance exposure and premium over time. A policy can help with incident-related costs, but it wont stop attackers from penetrating your environment.

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Triple-I: Homeowners Insurance

JANUARY 13, 2025

Only 30 percent are aware of premium savings for implementing mitigation measures. Seventy percent revealed they would be willing to pay higher premiums for better protection against future severe weather events. Fifty-four percent reported hiring public adjusters to handle repairs and insurance claims.

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American Agents Alliance

FEBRUARY 7, 2025

This trend describes the phenomenon of unexpected rising insurance claim costs because of societal trends and views toward litigation. Unforeseen litigation costs can drive up the costs of claims unexpectedly and policyholders may feel they were not advised of their coverage adequately.

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Mark Jackson Insurance Agency

JULY 23, 2024

Reducing Accidents and Insurance Claims The insights provided by telematics can directly contribute to a reduction in accidents and related insurance claims. Consequently, a decrease in accidents not only enhances safety, but can also lead to lower commercial auto insurance premiums, benefiting your bottom line.

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Property Insurance Centre

SEPTEMBER 25, 2024

This might seem like an advantage since this saves cost initially, though it might lead to high premium costs later on. Define the maximum amount that you are willing to spend additional in the case of a claim. For example, you may be able to purchase legal expenses cover or rent guarantee insurance to protect your rental income.

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Triple-I: Business Insurance

AUGUST 11, 2022

The property & casualty insurance industry’s combined ratio – an indicator of underwriting profitability – is forecast at 100.7 Combined ratio represents the difference between claims and expenses paid and premiums collected by insurers. We forecast 2022 P&C premium growth of 8.5 for 2022, up 1.2

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Property Insurance Centre

JANUARY 4, 2024

Get a Quote Insurance under one roof We are specialists in many types of insurance GET YOUR QUOTE GET YOUR QUOTE Key Takeaways Consistent rate increases have been experienced in the property insurance market since 2017. Inflation drives up property valuations , construction costs , and insurance premiums.

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Property Insurance Commercial Property Liability Insurance 52

Risk Management Monitor

NOVEMBER 8, 2021

One of the first steps in obtaining commercial property insurance is to determine the value of the property being insured. The reported property value will drive premium amounts and, importantly, represents the property loss exposure.

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Property Insurance Centre

JANUARY 30, 2024

Key aspects to consider when buying buildings insurance include reviewing the policy’s exclusions , understanding excesses , comparing premiums, and evaluating the level of customer service provided by the insurer. Accurately determine the rebuild cost of the property and disclose any claims history.

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Freeway Insurance

DECEMBER 17, 2024

To limit the impact of harsh, freezing temperatures and blustering blizzards, its important to understand some basic snow home maintenance to avoid having to make a costly homeowners insurance claim. Snow home insurance claims can range from falling debris to roof damage, so youll need to cover all your bases.

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Property Insurance Centre

JANUARY 16, 2025

From the catastrophic floods in Carlisle in 2005 to the more recent deluge in London in 2021, businesses in flood-prone areas have faced disruption, financial losses, and complex insurance claims. This article explores the intricacies of commercial flood insurance in the UK, highlighting regional variations, challenges, and solutions.

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TGS

NOVEMBER 1, 2024

Plus, having a police report on file can help you later when dealing with insurance claims. A police report can be an invaluable piece of documentation when sorting out insurance claims or liability issues later. Keep all medical records and receipts in case you need them for an insurance claim.

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Triple-I: Homeowners Insurance

APRIL 5, 2024

Installation of a wind-rated garage door and storm shutters also boost a home’s resilience to a hurricane’s damaging winds and may generate savings on a homeowner’s insurance premium. How to Prepare for Hurricane Season How to File a Flood Insurance Claim Is Your Business Ready for Peak Hurricane Season?

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TGS

NOVEMBER 5, 2024

Imagine it this way: an insurance provider wants to know that you’ve taken steps to prevent the kinds of accidents that lead to claims. From deadbolts to sprinkler systems, these features can make a difference in your premium. Insurers are going to take a peek into the past here. What were the reasons behind those claims?

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Shield Insurance Agency

APRIL 19, 2024

Broad form collision coverage may be a better option for those who want more comprehensive protection and are willing to pay a higher premium for it. Be sure to review your insurance policy and speak with your insurance agent to ensure you have the coverage that best suits your needs.

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Auto Insurance Deductible Out-Of-Pocket Insurance 52

Maritime Insurance International

JUNE 5, 2020

Boat insurance costs can vary. There are a range of factors that may impact the premium you will pay for your policy. Bundle discounts may be available when purchasing multiple lines of insurance through the same provider. Zero Claims. Driving Record. Some providers may even provide a discount for a good driving record.

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TGS

NOVEMBER 18, 2024

Pros: Faster Claims Processing: Since you’re dealing with your own insurer, claims are often processed more quickly. Cons: Higher Insurance Costs: No-fault states tend to have higher insurance premiums, as insurers take on greater responsibility for covering claims.

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Auto Insurance Injury Damage Claim 52

Bankers Insurance

AUGUST 8, 2024

Businesses may end up with inaccurate ITV calculations for a wide range of reasons — whether it stems from ineffective property valuation methods, intentionally underestimating costs to secure reduced premiums or being impacted by factors outside their control (e.g., inflation). Regardless, such inaccuracies are all too common.

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Commercial Property Property Insurance Commercial Out-Of-Pocket 59

Bankers Insurance

NOVEMBER 15, 2023

Increased insurance costs: Businesses affected by frozen pipes or sprinkler system issues may need to file insurance claims for repair and restoration expenses, potentially resulting in elevated insurance premiums in the future.

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TGS

OCTOBER 17, 2023

Discuss Your Policy Without Hurting Your Insurance Score Did you know that it counts against your insurance score to report a financial loss, even if you decide not to file an insurance claim? Even without filing a claim, your insurance score will suffer.

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Protect Commercial Insurance

NOVEMBER 22, 2024

The cost of commercial insurance is generally based on several factors, such as the type and size of your business, its location, and the specific risks involved. While it might sound complicated, this actually means your premium is tailored to fit your needs, ensuring you don’t overpay for unnecessary coverage.

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Commercial Insurance Commercial Cyber Insurance 52

Constant Contact

JANUARY 28, 2021

For example, a blog feature on life insurance may begin by differentiating term and whole life insurance before delving into specifics such as guaranteed whole life or indeterminate premium whole life. Insight into local insurance requirements Insurance requirements vary dramatically from one state to the next.

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Triple-I: Homeowners Insurance

MAY 2, 2025

homeowners insurance claims, but more than 76 percent of U.S. property claim lawsuits, pushing premium rates up to three times the national average. Post-reform, in 2024, 40 percent of all insurers in the state filed for rate decreases, with average home insurance premiums down 5.6

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Property Insurance Centre

MARCH 19, 2024

The Benefits of Consumer Claims Education Consumer claims education plays a crucial role in improving the claims process, enhancing customer satisfaction, and building a stronger brand reputation for insurers.

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LexisNexis

NOVEMBER 8, 2024

In a follow-up to ESHB 1521 (2023), there is anticipation of 2025 legislation granting authority to Department of Labor & Industries to administer remaining self-insured claims for decertified employers due to good faith and fair dealing violations.

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Workers Compensation Compensation Injury Claim 40

Boyle Agency Insurance

MAY 23, 2025

These factors make claims more probable and they range from the condition of your house to your personal financial standing. Eliminating these characteristics is important for lowering insurance premiums. Bogle Agency Insurance is always at work to offer the best Homeowners Insurance with top carriers to NJ homeowners.

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TGS

JANUARY 28, 2025

For instance, upgrading electrical panels, replacing old wiring, or installing hardwired smoke detectors can help prevent accidents and lower your insurance premiums. Plus, insurers may offer discounts for safety upgrades like a new roof or impact-resistant windows. Hiring licensed plumbers can save you from future headaches.

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Home Insurance Protection Insurance Insured 52

Zywave

MAY 23, 2025

The increasing frequency and severity of wildfires, hurricanes, and floods are driving up insurance claims and making coverage harder to secure. Insurers must reassess their risk models and pricing strategies to account for these environmental changes. Environmental Risk Factors : Climate change is no longer a distant concern.

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Protect Commercial Insurance

MARCH 14, 2025

. – Access to Multiple Policies : Brokers work with various insurers, providing you with a range of options. – Negotiation : They can help negotiate better terms or premiums on your behalf. – Provider Reputation : Research potential insurers claims history, customer service ratings, and financial stability.

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Tosten Marketing

FEBRUARY 13, 2025

For insurance agencies, this might include topics like “How to Lower Your Premium” or “What to Do After a Car Accident.” Write for Humans, Optimize for Search Engines Your primary focus should address the questions and concerns of your target audience.

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