College Station small business combined group health insurance rates

 

 

College Station small business combined group health insurance rates

Homeowner’s insurance is usually thought of in connection with the ownership of single-family residences. However, homes come in other shapes and sizes too. Condominium owners have policies of their own to cover their somewhat different sets of needs. People who rent need protection too, and so the industry also sells renter’s College Station small business combined group health insurance rates

insurance. These and other types of coverage will be discussed in the following pages.

Another important part of our discussion will focus on the exclusions contained in homeowner’s policies. Why? Because far too many people feel that homeowner’s insurance covers their property come what may. Unfortunately, it does not. Knowing what is not covered under the basic policy is vital if you are to reach a complete understanding of your College Station small business combined group health insurance rates policy.

Far too many consumers find out about these areas of exposure after a loss occurs. Then, insult is added to injury when they discover that they could have purchased coverage to fill in these gaps. It is for this reason that we will also spend some time focusing on the College Station small business combined group health insurance rates extras that are available to you as a homeowner or renter.

First, we will discuss ways to effectively shop for homeowner’s insurance, including ways in which you can save money on your College Station small business combined group health insurance rates premiums.

How to Buy Homeowner’s Insurance

Nearly everyone reading this book, whether a renter or property owner, either has a residential policy or should have one. That being so, it pays to know how to plan your purchase or renewal so that you have the correct level of College Station small business combined group health insurance rates coverage at the nest obtainable price.

How Homeowner’s Insurance Is Priced

The premiums charged for homeowner’s policies have remained relatively stable over the years, especially when compared to the volatility of auto insurance. There are several reasons for this.

The major factor in homeowner’s insurance is the protection of property. Liability coverage’s, while important, are not utilized by consumers nearly as often as in auto insurance, where there are more accidents. Thus liability rates, which can be so high in auto insurance, are a much smaller slice of the premium pie in homeowner’s coverage.

In addition, while it is certainly not a universal truth, most people tend to be very careful about protecting their residential property. Thus, the chance that you will have to make a claim against your homeowner’s policy is less than it is against your automobile insurance.

Finally, property doesn’t move. By their very nature homeowner’s and auto policies cover very different human activities. In auto insurance, the car is being driven from place to place,*often at high speeds. This being so, the chances of even a good driver being in an accident are significant over a period of, say, 10 years. In contrast, the risk factors that govern the price of insurance for a home are relatively fixed, knowable, and unchanging. Thus, the price of premiums is less likely to jump.

 

…Continued in College Station small business employee handbook 

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