Parks Associates’ Post

Insurance companies are also shifting their focus to prevention to maintain profitability. Traditional models that prioritize processing claims are becoming unsustainable due to rising claim costs, leading to increased difficulty of obtaining homeowners insurance — especially in cases of previous water claims. The Insurance Information Institute estimates the average cost of water damage/leaks is $9,633 and $8,625 for flood/weather-related damage. Preventative measures, such as installing smart water management devices, can help insurers cut claims and enhance customer satisfaction.

Honey is not just another insurance provider—it’s a concept, a philosophy that challenges the traditional approach to home insurance. The core idea is simple yet profound: why wait for things to go wrong when you can actively protect your home? This ethos is at the heart of Honey’s mission—to eliminate the majority of avoidable accidents through a combination of smart technology and innovative insurance practices.

Honey Insurance: Smart Solutions for Safer Homes > Honey Insurance is redefining Australian Home Protection with Smart Technology and Proactive Policies > Effortless Coverage Where Innovation Meets Efficiency for Smarter Home Security and Savings Read more: https://bit.ly/47lhWeG #internationalfinance #honeyinsurance #smarthome #proactiveprotection #efficiencyincoverage #homeinsurance #innovationinsafety #diversecoverageoptions #lowerpremiums

Deciding whether to go through insurance or pay out of pocket for a windshield replacement? Here's a quick guide: Consider your deductible amount and the cost of the new windshield. If your deductible is less than the out-of-pocket cost for a replacement (e.g., deductible $250, windshield cost $550), using insurance could save you money. But if the deductible is higher than the windshield's cost, paying out of pocket might be more economical. Always weigh these factors to make the best choice for your situation! #AutoGlass #InsuranceVsOutofPocket #JiffyAutoGlass #AutoInsurance #WindshieldRepair

Your driving habits are unique. We get it. That's why with Sonnet Shift, safe drivers can save up to 35%. Learn more about our new usage-based insurance (UBI) offering here 🚘: https://bit.ly/47HJGu0 NHLPA #SonnetShift #SonnetInsurance #SafeDriving #AutoInsurance

It's Earth Day! Contact your insurance agent to see if your insurance policy covers environmentally friendly decisions, like adding solar panels to your home or buying a hybrid car. Click here for more tips from the Insurance Information Institute: https://lnkd.in/eW2fc93a #EarthDay #MDInsurance

HOA Dilemmas: Insuring Your EV Charger Are you part of a homeowners association (HOA)? If you're considering installing an electric vehicle charger, you'll want to read this! The debate over insurance requirements for EV chargers is heating up. Get informed with The Hartford's insights: https://lnkd.in/eSBggQv7 Let Anderson Insurance help with your personal and commercial insurance needs: https://lnkd.in/etgr93FM #HOAInsurance #EVChargers

🚦📸 #FAQFriday: Will red light camera tickets affect your insurance rates? Good news - generally, they don’t! These tickets are often not linked to your driving record since they're based on vehicle registration, not the driver. No points on your license means no hike in your insurance rates! 🎉 🔍 Always double-check with your insurer as policies can vary. Drive safe and stay informed! 👍 Like, share, and comment with your questions for next week's FAQ! #InsuranceTips #DriveSafe #RedLightCamera

Got a traffic ticket?  It might seem like your insurance premiums are bound to skyrocket, but that’s not always the case.  If the violation is minor and you have a clean driving record, you may not see a significant increase in your rates. Stay calm and drive safe! For more personalized advice and to explore our coverage options, visit the link in bio.  #TrafficTickets #InsurancePremiums #DriveSafe #MinorViolations #CleanRecord #FloridaInsurance #InsuranceTips #PeaceOfMind #SafeDriving #InsuranceExperts #CarInsurance #TrafficAdvice #InsuranceMyths #InsuranceTeam

If you are one of the growing numbers of businesses that has introduced EV charging points for staff or visitor use, it may not yet have crossed your mind to add them to your buildings insurance sum insured. But it really is advisable. Here's why... https://ow.ly/jYQk50Q2TaL #electricvehiclechargers #electricvehicles #lithiumionbatteries