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Al Mendez, partner in Mendez & Associates Insurance in Pembroke Pines, says his average policies range from $4,200 to $6,000 to insure homes in the tri-county region with replacement costs of $300,000 to $500,000.
Another woman was holding a letter from her bank which was threatening her with breaking the terms of her mortgage since she was unable to insure her property.
Source: https://www.eptrail.com/2023/06/29/legislators-meet-with-chamber-of-commerce-to-discuss-insurance/
But he accepted that if, in the 'highly unlikely' event a major bank went under, the Government would have to step in and insure deposits, as has happened in the US.
EVs and newer, more technologically advanced carsmore expensive to repair and therefore more expensive to insure.
Source: https://jalopnik.com/car-insurance-is-going-to-cost-a-lot-more-in-2023-repo-1849978992
How to choose the right installer and insure your new.
If there were instances where this protocol was not followed by Israeli soldiers, military leadership was taking steps to insure such a lapse would not occur again, Hagari added.
In addition to choosing a vehicle that’s inherently cheaper to insure and shopping around for the lowest rates, the easiest way for some to cut their costs in this regard can be to simply move to a new Zip Code.
In general, sensible and sensibly priced family-minded rides will cost less to insure than luxury cars that cost more to repair if gotten into a wreck, and sporty cars that practically beg to be driven aggressively.
Meanwhile, 17 to 24-year-old drivers are the fourth most expensive group to insure.
Rating agencies like Standard & Poor’s might downgrade their credit, making it harder for them to borrow their way out of trouble, which in turn would cause losses for the banks that finance and insure them.
The committee will also likely question Barr and other officials about the government’s response, including its emergency decision to insure all the deposits at both banks, even as the vast majority exceeded the $250,000 limit.
The Fed, the Federal Deposit Insurance Corp. and Treasury Department agreed to insure all the deposits at Silicon Valley and Signature, including accounts that exceed the $250,000 limit.
Source: https://bankerandtradesman.com/fed-raises-interest-rates-by-quarter-point/
The key point is if a person does not own something, they cannot insure it unless they otherwise have an insurable interest.
Source: https://www.insurancejournal.com/magazines/mag-features/2023/05/22/721431.htm
This is done to insure returns and protect against fraud.
To stem mounting cyber losses, carriers have become very selective in whom they will insure.
Source: https://www.insurancejournal.com/magazines/mag-features/2023/03/20/712578.htm
Unable to finance the six-figure sum required to insure the work, the Belvedere offered instead its restoration expertise to include it in the show that opens Friday and runs through May 29.
Source: https://timesofmalta.com/articles/view/rarely-seen-klimt-painting-returns-austria-60-years.1011297
What is it that insurers actually want to insure?
Source: https://www.insurancejournal.com/magazines/mag-features/2023/04/17/716369.htm
Your home insurance may go up by adding solar panels to your home, but it's important to insure your investment.
Source: https://www.cnet.com/home/energy-and-utilities/houston-solar-panels/