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Bold City Insurance

Insurance, United States, Florida, Jacksonville

Providing comprehensive insurance solutions for individuals and businesses, with personalized service and competitive rates that set us apart in the industry.

About Bold City Insurance

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Basics

Type
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Founded
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Total Employees
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Employees on Linkedin
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Employees on OWCareers
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Main Office
United States of America, Florida state
Official Website
http://www.boldcityinsurance.com
Location Address Official Phone Email
United States of America, Florida state United States, Florida, Jacksonville **** ****
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FAQs – Bold City Insurance

How does coinsurance work with deductibles?

The deductible is the amount you must pay before insurance starts covering costs. Once you meet the deductible, coinsurance applies, meaning you share a percentage of additional costs with the insurer until reaching the out-of-pocket maximum.


Which organization regulates insurance in the United States?

The National Association of Insurance Commissioners (NAIC) provides guidance, but each U.S. state has its own Department of Insurance responsible for regulation.


Can a policyholder have multiple beneficiaries?

Yes, a policyholder can name multiple beneficiaries and specify the percentage of the payout each beneficiary will receive. This allows for flexibility in distributing the insurance proceeds among family members, trusts, charities, or other entities as per the policyholder’s wishes.


Is renters insurance required by law?

Renters insurance is not legally required, but many landlords or property managers may require tenants to have a policy as part of the lease agreement to ensure liability protection.


How does RBC help protect policyholders?

RBC helps protect policyholders by ensuring that insurers maintain enough capital to honor their claims, even during periods of financial stress or unexpected losses.


What are legal hazards and how do they affect risk?

Legal hazards stem from regulatory, legal, or contractual conditions that increase risks. For example, lawsuits arising from ambiguous contract terms or failure to comply with safety codes can lead to liability issues. Businesses and individuals must stay informed about legal requirements to reduce exposure to such risks.


Why do gig workers need insurance?

Unlike traditional employees, gig workers typically lack employer-provided benefits, making personal insurance essential for covering health expenses, income loss, liability, and work-related risks.


What is the role of underwriting in insurance risk management?

Underwriting plays a critical role in evaluating the risk of insuring a potential policyholder by assessing their risk profile and determining the appropriate coverage and premium to mitigate potential losses.


Comprehensive Market Research

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