Remove Out-Of-Pocket Remove Policy Remove Property Damage
article thumbnail

What Are the Risks of Liability Only Auto Insurance?

TGS

TGS Insurance Blog Lets be realwhen its time to pick an auto insurance policy, most of us are just hunting for the cheapest option that doesnt leave us totally exposed. Its got two main parts: bodily injury liability and property damage liability. Thats the max itll pay out, no matter how bad things get.

article thumbnail

Landlord Insurance in Chicago, Illinois: Everything Brokers and Property Owners Need to Know

Distinguished

Imagine a property owner in Chicago is facing a burst pipe in the middle of winter. The damage is extensive, and tenants are forced to relocate while repairs are underway. Without specialized landlord insurance, property owners may find themselves covering substantial repair costs, legal settlements, and lost income out of pocket.

Broker 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Rent Guarantee & Home Emergency Insurance Can Save Landlords Money

Protect Commercial Insurance

Understanding Rent Guarantee Insurance Image courtesy: Unsplash In the bustling world of property management, ensuring a steady flow of rental income is crucial for landlords. – Tenant Eviction : Evictions can be a costly and drawn-out process. – Tenant Eviction : Evictions can be a costly and drawn-out process.

article thumbnail

Driving Without Insurance in Florida

TGS

10,000 in Property Damage Liability (PDL): Pays for damage you cause to someone elses property in an accident. If you cause an accident, you could be personally responsible for thousands of dollars in damages and medical billscosts that proper insurance could have covered.

article thumbnail

Protect Your Finances: The Truth About Small Insurance Claims

Shield Insurance Agency

Small Insurance Claims Can Raise Premiums Small insurance claims, such as those for minor property damage, may seem like a hassle to deal with. Many policyholders may be tempted to file a claim for every little incident in the belief that their insurance policy will cover all damages.

article thumbnail

Tips for Buying Home Insurance

Bankers Insurance

These policies can provide critical financial security as homeowners seek to protect their fiscal stability and property. Additionally, more and more people live in wildland-urban interfaces, where homes can be particularly vulnerable to severe weather damage. WHAT HAPPENED IN 2023? billion each.

article thumbnail

Landlord Insurance vs. Standard Home Insurance: Key Differences

Protect Commercial Insurance

Introduction When it comes to protecting your property, the type of insurance you choose can make a big difference. Whether you’re a landlord with several rental properties or a homeowner looking to safeguard your family home, understanding your insurance needs is essential. Let’s dive in and find out what each offers!