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Chris Faber Public Adjusters

Insurance, United States, Florida, Miami

Experts in maximizing insurance claims for property damage. Trust us to get you the compensation you deserve.

About Chris Faber Public Adjusters

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Basics

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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.chrisfaberpublicadjusters.com
Location Address Official Phone Email
United States of America, Florida state United States, Florida, Miami **** ****
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FAQs – Chris Faber Public Adjusters

What is the Lloyd’s Act of 1871?

The Lloyd’s Act of 1871 formally established Lloyd’s as a corporate entity, providing legal recognition and a governance structure. This helped regulate underwriting practices, enforce financial stability, and ensure fair dealings in the insurance marketplace.


Can I insure multiple crops with one weather-related insurance policy?

Yes, many agricultural weather-related insurance policies allow farmers to insure multiple crops under a single policy. However, the premium may vary depending on the number and type of crops insured.


Are subcontractors required to have Workers' Compensation Insurance?

In many states, subcontractors must carry their own Workers' Compensation Insurance, especially in industries like construction. If a subcontractor does not have coverage, the hiring business may be held liable for injuries. Businesses should verify subcontractor insurance status to avoid unexpected financial risks.


What is the difference between solvency margin and solvency ratio?

The solvency margin represents the extra capital an insurer holds beyond its liabilities, while the solvency ratio measures the proportion of net assets to net premiums. Both indicate financial strength, but the solvency ratio provides a clearer percentage-based metric.


Can I choose my deductible amount?

Many insurance policies allow you to choose your deductible amount. A higher deductible typically leads to lower premiums, while a lower deductible results in higher premiums.


How can I estimate my future insurance premium increases?

Future premium increases depend on inflation, claims trends, regulatory changes, and individual risk factors. Reviewing past premium adjustments, staying informed about industry trends, and consulting your insurer can help estimate potential cost increases. Some policies offer rate guarantees or renewal rate projections for better financial planning.


What happens to my health insurance coverage if I miss a premium payment?

Health insurance typically has a grace period of 30-90 days, depending on whether the policy is marketplace-based or employer-sponsored. If unpaid after the grace period, coverage is terminated.


When should I buy trip cancellation insurance?

It’s recommended to buy trip cancellation insurance as soon as you book your trip to ensure coverage for unforeseen events that might force you to cancel.


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