Top factors that will increase homeowner’s insurance premiums
Every insurance company will assess the value of your home before issuing the home policy. The replacement value will be the main factor in determining the policy premium.
Little insurance lies with big consequences
When disaster strikes but insurance denies paying the claim, financial hell breaks loose. It’s often caused by misleading information on the original application for coverage.
Temporarily Suspending Your Car Insurance
Going away for an extended vacation? Living for military deployment? Garaging your convertible for winter? All of the above trigger a question: do you need the insurance for the vehicle you don’t use?
Fraud affects your insurance cost. Prevent it!
Con artists are ripping off insurance (and indirectly you) by pretending to fall and get hurt. The price of these false claims is passed on to your insurance policy.
Homeowners 80% coinsurance clause & dangers of being underinsured
Insurance companies will not fully cover the loss if the house is insured for less than 80% of its replacement cost. It is called 80% rule or coinsurance, if you fall below it, it may cost you dearly.
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