Type of Construction & How It Affects Your Premium

Type of Construction & How It Affects Your Premium

Calculating premium for Real Property has many different factors. One of the largest factors involved is the type of construction of the building. Use this article to find out how to determine what type of construction your building is, and what the construction type might mean for your rates.

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Causes of Loss—Modifying Your Protection

Causes of Loss—Modifying Your Protection

Every insurance policy has perils that are covered and excluded. In Property insurance policies (E.g. your home, commercial building, etc.), the policy follows the ‘Cause of Loss Forms’. The Forms are Basic, Broad, and Special. Each Form insures your property against different perils, with Special being the most thorough coverage.

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Property & Casualty Insurance Lingo

The Property and Casualty (P&C) insurance industry is a vast segment of the insurance industry, and there are numerous terms used in it. This article is a list that explains common terminology used in personal and commercial lines of Property and Casualty insurance.

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How to Find Insurance for Your New Business

How to Find Insurance for Your New Business

Entrepreneurship is at the heart of the American Dream, and has led to many worldwide companies—McDonald’s, Coca-Cola, and Apple, just to name a few! The freedom and empowerment of owning your own business can be very fulfilling, but it takes a lot of work to get your new venture up and running. You’ll be facing plenty of ‘red tape’, along with making a business plan, finding a location, finding funding, and much more. While you're trying to figure those things out, you'll also need to line up your insurance before you can open your doors for business. This article will give you an overview of insurance for start-ups and new ventures.

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What Everybody Ought to Know About Update Information

What Everybody Ought to Know About Update Information

A plethora of information goes into deciding your rates in property insurance: your credit score, loss history, location, structure type, and much more. On top of all that, each company weighs each of the factors differently. However, one of the easiest ways to save money with any company is having a thorough update history.

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The Ins and Outs of Other Structure Coverage

The Ins and Outs of Other Structure Coverage

Your Homeowner's policy has Other Structure coverage automatically included. It covers the various buildings on your property that are detached from the house, but is it enough? How is Other Structures coverage determined? Are there any exceptions to the coverage?

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Introduction to Ordinance or Law Coverage

Introduction to Ordinance or Law Coverage

There’s a provision that most standard insurers don't cover: Ordinance or Law. While many insurers give the option to insure for Ordinance or Law losses, most do not come standard. So what does Ordinance or Law coverage do? What happens without it?

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The Confusion of Coinsurance

The Confusion of Coinsurance

Coinsurance is a flexible term, as it applies to many different policies, all in different ways. This article specifically discusses how the Coinsurance clause works in property insurance. We will use a Homeowner’s policy to illustrate how the Coinsurance clause works, but know that the process is nearly identical for a commercial property policy as well.

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