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Eligibility for a policy requires applicants to have been declined by three admitted insurers. Coverage includes essential perils such as fire and lightning, with limits of up to $750,000 for residential properties and $5 million for commercial buildings. Some additional coverages, including wind and hail, may be purchased. All policies are issued on an actual cash value basis, according to the report.
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[ad_1] Gallman served Alfa, her UM carrier, with the original suit in July 2021. One month later, she voluntarily dismissed the action. In December 2021, she filed a renewal complaint and served Alfa the next day. Alfa moved for summary judgment, arguing that it hadn’t been timely served in the original suit. The trial court…
[ad_1] Developed in collaboration with the Center for Law, Energy and the Environment (CLEE) at the University of California, Berkeley, the policy links wildfire mitigation practices with lower insurance pricing. It will cover 1,345 acres of Tahoe Donner’s forested and recreational land, offering a 39% reduction in premium and an 89% reduction in deductible compared…
[ad_1] Across the world, interest in wellness is increasing. Searches for wellness-related topics like “seasonal depression,” “meditation,” “yoga” and “oral health” have increased significantly year over year. What does this mean for employers? By shifting your employee benefits to put wellness in the center, you can increase employees’ tenure, reduce turnover and save on human…
[ad_1] If you’ve ever worked with an independent insurance agent, you’ve likely heard the phrase, “subject to underwriting approval.” But what does that really mean—and who is the underwriter making those decisions? An insurance underwriter is the person responsible for evaluating risk and determining whether an insurance company can offer you coverage, under what conditions,…
[ad_1] Tenant neglect and crime scores are affecting premium trends [ad_2] Source link
[ad_1] Nominations for Insurance Business’ search for the best employers ends soon [ad_2] Source link
