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A former Ohio insurance agent was sentenced this month to five years of probation for thefts exceeding $1.4 Rhonda Chandler, of the Columbus area, stole and misappropriated funds, including premiums for pre-need life insurancepolicies, commonly known as burial …
You’ll pay for premiums covering liability, collision, comprehensive, and all the other major categories you would find in a standard auto insurancepolicy. Many insurers offer coverage to owners of high-end vehicles as well as those who own less expensive cars.
Business and Retail Insurance Specialists, Est. 1976 [link] Listen to Business and Retail Insurance explained by one of our directors What Is Business and Retail Insurance? Business Owners are well aware of the importance of having the correct insurancepolicy for their business.
TGS Insurance » Blog 10 Factors That Affect Homeowners InsurancePremiums in Florida When it comes to homeowners insurancepremiums, several factors come into play, and understanding them can be the key to managing your costs. Coverage Limits The amount of coverage you choose directly affects your premium.
A loss history report provides a record of insurance claims filed on a property, typically over the past five to seven years. fire, water damage, theft), amount paid, and current claim status. Policy Information Details of the insurancepolicies under which the claims were filed. Lets make insurance simple.
Get a Quote Insurance under one roof We are specialists in many types of insurance GET YOUR QUOTE GET YOUR QUOTE What Perils Are Covered by Commercial Property Insurance? ” If a peril is explicitly listed in the policy, the insurer will cover the damage it causes.
Image courtesy: Unsplash Definition and Overview Commercial property insurance is a type of insurance designed to protect your business premises and the contents within from loss or damage. This type of policy covers a wide array of potential hazards, including fire, theft, vandalism, and certain natural disasters.
TGS Insurance » Blog Top Reasons Your Home InsurancePremium Might Increase [2024] Owning a home is often a dream come true, but when that dreaded notice arrives in the mail—informing you that your home insurancepremium has gone up—it can feel more like a nightmare. Well, your insurancepremium is no different.
But with value comes risk, and standard homeowner insurancepolicies frequently fall short when it comes to protecting one-of-a-kind instruments. Thats why a specialized collectibles policy is the right solution for clients who own rare, high-value guitars whether theyre collectors, professional musicians, or investors.
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. What’s Causing the 2025 Insurance Boost in California?
TGS Insurance » Blog Do You Need to Tell Your Homeowners Insurance About Home Renovations? When taking on new home renovations, your homeowners insurancepolicy might not be the first thing on your mind. However, for many home renovation projects, you will need to inform your insurance agent.
This can lead to repudiated claims Lets take a look at some of the benefits of an insurancepolicy for a typical small or medium-sized business. The limit can be increased from the standard 2m up to 5m, for an additional premium. This cover is essential if someone becomes injured through a fall in or around your premises.
While adding these items to a property or package policy might seem convenient, museums face unique exposures that such generalized policies often fail to address. A stand-alone Fine Art & Collectibles insurancepolicy is designed to provide museums with comprehensive coverage of the items and their vulnerabilities.
Optional Coverage Enhancements Landlords in Chicago can further customize their policies with additional coverage options: Flood & earthquake insurance: Protection against natural disasters. Hired and non-owned auto insurance: Covers vehicles used for property management.
Higher Property Values and Rebuild Costs London property prices are significantly higher than the national average, which means higher rebuild costs and, consequently, higher insurancepremiums. Many insurers require more detailed valuations and risk assessments due to the higher sums insured.
At Wren, because we are protection minded, we always quote our home insurancepolicies using Replacement Cost Value (also known as RCV) on contents, versus Actual Cash Value (ACV). Now, due to a claim (tied to a weather event, fire, theft, etc.), it would take $1,500 to purchase that same couch today.
A slip, a loss, or even theft? Thats where jewelry insurance steps in. Thats why standalone jewelry insurance existsto provide comprehensive protection for the items that mean the most to you. What Does Jewelry Insurance Cover? Jewelry insurance can help replace the item, even if its never found.
By understanding your policy needs, shopping around, and exploring available discounts, you can effectively manage insurancepremiums and keep your business financially secure. It provides protection against a plethora of risks, including property damage, liability claims, theft, and even employee injuries.
Accidental damage is not usually covered by a normal building insurancepolicy. This might seem like an advantage since this saves cost initially, though it might lead to high premium costs later on. – Failure to read particular policy documents. These can be added to your policy for an additional premium.
Understanding the Types of Coverage Available Property Insurance This is the most basic form of insurance you’ll need. It covers the physical structure of your building and its contents against fire, theft, and some natural disasters. Liability Insurance Liability insurance is essential for any commercial property owner.
Being a Commercial Property Owner or Business Owner you will be aware there will be certain conditions within your insurancepolicy with regard to the Security at the premises. However, the first thing you should ask yourself, is, “Do I have the right lock for my insurance?”
These are just some of the excuses we hear of from the question of, “ Why can’t I get insurance ?” ” or can’t get the insurance you deserve for that matter – insurance with reasonable premiums and without unnecessary restrictions. Getting an alarm will often be a deterrent in the first instance.
Fortunately, the property owner had Ordinance or Law Coverage A as part of their insurancepolicy, allowing them to receive the full building limit for the loss. Crime insurance : Protects against financial losses caused by theft, burglary, or employee dishonesty, covering stolen money, securities, or property.
Standard homeowners insurance simply doesn’t provide adequate protection for rental properties in Ohio. For landlords, a dedicated insurancepolicy is essential heres why: Severe weather exposure Ohio experiences a wide range of extreme weather events throughout the year. How Much Does Landlord Insurance Cost in Ohio?
Here are a few key areas to consider: Property Insurance Your tailoring business likely has valuable equipment, such as sewing machines, cutting tables, and fabric inventory. Property insurance can protect these assets from damage or loss due to fire, theft, or other covered perils. These discounts can help reduce your premiums.
Freehold Block of Flats Insurance: Top Cover Tips If you own a freehold block of flats , it’s crucial to have the right insurance coverage to protect your investment. Standard home insurancepolicies may not provide adequate protection for the unique risks associated with a block of flats.
Theft, damage during transport, or accidental breakage can devastate a collection that has taken years to assemble. Unfortunately, these unique risks are rarely appropriately covered by standard homeowner insurancepolicies. What is Collectibles Insurance?
Corner Shop Insurance and BT Redcare Alarm changes Business Owners who have corner shop insurance are all to aware of the benefits an appropriate intruder alarm system will have, both in relation to their insurancepremiums (or in being given an insurancepolicy at all in some cases) and to the physical security of their goods.
Consequences of Underinsurance In the event of a claim on the block insurancepolicy , the insurer or its appointed loss adjuster may check to see that the Declared Value is adequate. If it is not, they may rely upon a clause within the insurancepolicy called Average, Average Condition, or Underinsurance.
However, if your clients have been lucky enough to come across a rare Illustrator Pikachu Card ( worth over $550,000 ) or a vintage Boba Fett toy ( worth over $500,000 ), they’re going to need an insurancepolicy that properly covers them. This means a specialized collectibles policy. How Do You Insure a Toy Collection?
Job sites that are under construction are prone to things like fire, theft, and vandalism. All of which can cost their property or business owners millions of dollars in losses without adequate insurance coverage. This is why the popularity of Builder’s Risk insurance is growing. This is where Builder’s Risk becomes essential.
Learn more about boat insurance requirements below, and request a quote from Maritime Insurance International today. A boat insurancepolicy could offer you coverage for the following: Property Damage. Loss of your boat to theft, fire, or serious weather events while it’s moored in a marina or in storage can be protected.
As you merge lives, youll likely merge insurancepolicies, too. Combining auto insurance , home insurance , and/or health insurance under a single provider often means discounts. Have you considered how tying the knot might affect your life insurance? But dont forget the fine print.
However, if it goes more long term the insurers can at worst pull cover entirely leaving you to search the market for an alternative, or perhaps apply more stringent conditions and charge a rather large additional premium – usually refundable on a pro-rata basis, assuming you are able to let the property out again!
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.
Introduction When it comes to safeguarding your business, selecting the right insurancepolicy is crucial. It can be quite a daunting task with so many options out there, and understanding each policy’s intricacies is essential for your peace of mind and financial wellbeing. What are the policy exclusions and limitations?
With the right insurance coverage, investors can mitigate financial losses resulting from unforeseen events such as fires, storms, theft, or vandalism. For instance, properties in high-risk areas for wildfires or earthquakes may require additional coverage or face higher premiums.
That’s why having the right home insurance coverage is essential to protect your family and home from unexpected events like fires. At TGS Insurance Agency, we’re here to help you find a home insurancepolicy that fits your needs and provides peace of mind year-round.
Don’t rely on your standard home insurance: the first – and probably most important – tip is to make sure that you arrange specialist, purpose designed landlord insurance and do not rely on any home insurance you might have arranged when you were living in the property yourself; standard home insurancepolicies are designed for owner-occupied properties, (..)
One important aspect of homeowners insurance is that it not only protects the physical structure of the home but also extends coverage to personal belongings inside the property. Being prepared can help mitigate risks and potentially make finding homeowners insurance in the future less challenging.
The same might be said of standard homeowners’ insurance and landlords’ insurance – on the outside they appear fairly similar, but it is on the inside that the real differences start to emerge. With these important principles in mind, it is possible to take a closer look at how landlord insurance protects you.
From businesses to every common man, you all should be insured. Student insurance helps protect you in case something unexpected happens while you are studying. Whether it’s a sudden illness, an accident, or even theft, insurance can help cover the costs.
How to Insure an Antique Duck Decoy Collection The best way to insure an antique duck decoy collection is with a specialized fine art and collectibles insurancepolicy. A standard homeowner’s or renter’s policy isnt enough. Ready to get started?
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