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9 Reasons Homeowners Insurance Claims Are Denied

Year after year, you send that premium payment for your homeowners policy. When accidents happen, you expect the insurance company to cut a check for the full extent of the damage to your home, no matter the amount or what caused it. It doesn’t always work that way. What you think you’re entitled to under your policy and what the carrier believes they owe you are often two very different dollar figures. Don’t take it personally. Remember, carriers have to price your coverage based on statistics, probability and risk. They can only pay to the extent a claim is based in cold, hard facts, policy language and evidence. If your claim falls under one or more of the criteria below, there’s a good chance it will be reduced or denied altogether. But alas, insurance companies don’t take claims personally, either. We’ll follow with ways to ensure your property is covered…

Understanding Renters Insurance

The number of renters in America continue to rise. For the past several years, almost 40 percent of households are renters. There are myriad reasons why renting is the best decision for many people. While it is easy to think that renting means your landlord or rental company has you covered when things go wrong, that isn’t always the case. Enter: renters insurance. Once you understand what renters insurance provides, you will see why it is a smart money move for all renters to make. What is Renters Insurance? Often times, people equate renters insurance with homeowners insurance. Some people assume renters insurance covers the apartment structure so it’s not necessary. While the owner carries insurance on the building, that coverage is usually for the structure itself, not the contents of the building. Renters insurance covers a renter’s possessions. Think frozen pipes that burst and ruin your couch. Or a…

Before You Buckle Up: Insurance Tips for New Drivers

For new drivers, earning that license may seem like the biggest challenge when it comes to driving. However, obtaining the right car insurance is another obstacle many drivers don’t consider. These tips will help you keep in mind all you need to know about car insurance as a new driver. Consider Your Car Insurance Coverage If you are driving a car that is registered in your name, you likely need car insurance. It is the law in most states. However, there are several different types of coverage. Understanding all of the coverage types is the first step in determining the type or types of insurance that will best meet your needs. Liability insurance is the most frequently discussed type of insurance because it is required in most states. It covers the cost of both injuries to other parties and property damage in the event of an accident. Personal injury protection…

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