Homeowners insurance policies are an important part of protecting your home, but the premiums can change often. Insurance companies may adjust premiums based on the age and condition of your home, your location, and other factors.
Knowing when and why your insurer may decide to adjust your premiums is important. Read on to learn more about the most common reasons for a premium adjustment.
Improvements or Renovation Projects
After you've made any improvements or renovations, it's important that you contact your homeowners insurance provider to discuss the changes and determine if there will be any impact on your premiums.
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According to the California Department of Tax and Fee Administration (CDTFA), cannabis sales in California have exceeded $4 billion since January 1, 2018. People can get a piece of the edible pie by opening a legal cannabis-related business themselves. Naturally, opening a cannabis-based business comes with legal requirements, such as insurance. Many business owners receive an offer that includes general liability insurance, but do you need general liability insurance for your cannabis business?
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There is no doubt that renters insurance can be extremely beneficial to individuals who choose to rent rather than buy their homes. This is because the home insurance carried by the owner of the property will not cover items belonging to a tenant. Renters insurance allows tenants to ensure that their personal belongings are protected. However, many renters do not realize just how much coverage their renters insurance actually provides. Below you can learn more about three things you may not even realize are covered by most renters insurance policies.
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If you are going to start running a charter boat service in the Caribbean and you are worried about insurance, you want to do your research before you pick out a policy. Be sure that you don't just have a minimal boat and business plan. You need coverage for all the things that can occur when you are driving people around on the ocean, and for unpredictable weather. Here are a few of the things to discuss in further detail with any insurance provider giving you quotes.
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Whether it's a flood in your basement or damage to your roof following a storm or damage from fire and smoke after a mishap in the kitchen, your home is now clearly in need of some TLC. Most people will have a homeowners' insurance policy in place that should handle most of these things, but you need to be careful when attempting to collect from your insurer. The insurance agency has an interest in keeping its costs down and that's why what you say and how you go about this situation could be of the utmost importance if you want to maximize your payout for the damage.
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