Sentences with phrase «higher property damage costs»

If your state tends to see higher property damage costs, such as California or Louisiana, you should consider choosing GRC / ERC coverage for your homeowners insurance policy.

Not exact matches

Replacement Cost policies have higher premiums; however, they can help your business recover from a loss faster, since you can replace all of the lost or damaged property with new items.

However, if you are involved in a boating accident, the costs can sometimes be quite high, particularly if you are responsible for property damage or bodily injury to a third party.

@BrianHall: To be clear, the numbers you give are in line with many state minimums for liability coverage, but most car insurance companies do push higher coverage limits (commonly 250K / 500K / 100K for per person / per incident person cap / per incident property damage), and the incremental cost of the higher coverage is often much less than the cost of the basic coverage (it's not paid out often, and electing it demonstrates responsibility, which they like in their insured).

MONTREAL — Canadian snowbirds who were lucky enough to escape property damage from hurricane Irma will still face higher costs as insurance providers jack up premiums and condo associations levy special assessments, say Florida insurance experts.

Injuries can come with extremely high costs involving medical expenses and property damage but the emotional aspect of such accidents is what makes the events particularly difficult.

As a result, costs are high, including physical and emotional pain, expensive medical bills, lost wages and property damage.

The good news is that the cost in human life of wildfire has been minimal in recent years, the cost in property damage and lost homes has been extremely high.

In bus accidents with no fatalities, the damage to property and the cost of severe injury and disability is high.

But the cost of proving yourself not responsible for the injury or property damage is far too high for most people to bear — tens of thousands of dollars in legal fees.

Given the high cost of automobile replacement and / or repair, the purchase of property damage liability limits higher than the required minimum limit of $ 10,000 should be considered by insureds.

Medical bills and costs tied to property damage can start high and quickly go higher, depending on the injuries to those involved.

Liability protects you from the high costs of third - party property damage or bodily injury after an accident you cause.

On a separate note, accidental fires have the potential to lead to extremely high liability costs for those who live in condos, townhouses or other close living situations where a fire in their home can damage neighboring property.

However, if you are involved in a boating accident, the costs can sometimes be quite high, particularly if you are responsible for property damage or bodily injury to a third party.

Things like medical bills, rehabilitation and lawsuits can be exorbitant, but even if the accident leads only to property damage, those costs can sometimes be high enough to cause a great deal of financial hardship for you and your family.

Even if you're not required to purchase flood insurance, you may want to buy coverage as Texas consistently has some of the highest fatality rates and property damage costs due to flooding.

Experts recommend higher amounts of coverage, such as $ 100,000 for personal injury liability protection, $ 300,000 in per accident liability protection, and at least $ 50,000 to cover the cost of property damage.

In contrast, if you drive a luxury car, it would generally be wise to get more than the minimum coverage for property damage to make up for the high cost of the vehicle.

The higher the possibility that you'll incur costs to them through damaged property and medical bills, the more pricey your premium will be.

In fact, experts in the insurance industry usually recommend much higher levels of protection because liability coverage is cheap as far as auto insurance goes and because accident damages for medical costs and auto or property repairs can far exceed the minimums in many cases.

Policies with only what the state requires for bodily injury and property damage liability protection cost significantly less than those with much higher limits of coverage.

State - imposed liability limits were designed to protect drivers from the high costs associated with property damage and medical care in the wake of an accident.

If you opt for RCV, your premiums are higher, but when you experience property damage or loss, the payment for replacement is the actual cost of the items without depreciation.

Nevertheless, in the event of a boating accident, the costs can sometimes be excessively high, particularly if you are responsible for property damage or bodily injuries to a third party.

Furthermore in many instances, if you are in a serious accident and the other driver only has the basic coverage, the bodily injury and property damage costs are not high enough to pay for the damage to your car.

Nearly $ 9.7 billion of damage was uncovered, and Colorado was the second highest state in losses, with $ 1.702 billion in insured catastrophe losses in 2014, forcing property owners to pay for repairs and rebuilding costs out of pocket.

Lawsuits can come from a number of different sources, and anything from a simple slip to damage that you do to the TX property may result in a lawsuit that comes with some high costs.

RCC coverage, though higher in cost per monthly premium, pays out more in the event of damage to your property.

It's also very easy to exceed the $ 25,000 property damage amount with today's high - cost automobiles such as luxury cars and SUVs.

Security window film protects your business and offers multiple benefits including: • Diffusing the sunlight to keep customers cool and content • Preventing higher cost energy bills • Protecting your customers, property and merchandise from natural disasters and damaging UV rays