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Griffin Stone Insurance Group, LLC

Insurance, United States, Texas, Dallas

Griffin Stone Insurance Group, LLC provides comprehensive insurance solutions tailored to your needs, with a focus on personalized service and industry expertise.

About Griffin Stone Insurance Group, LLC

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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, Texas state
Official Website
http://www.griffinstoneinsurance.com
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FAQs – Griffin Stone Insurance Group, LLC

Is there a time limit to file a reimbursement claim?

Most insurers impose deadlines for filing claims, ranging from 30 days to several months after the event. Missing the deadline may result in claim denial. Policyholders should review their contract and submit claims promptly to avoid delays or rejections.


What is the difference between an independent adjuster and a public adjuster?

Independent adjusters work for insurance companies, assessing claims on their behalf, while public adjusters are hired by policyholders to represent their interests and negotiate higher settlements.


What role do TPAs play in health insurance?

TPAs handle administrative functions for health insurance companies, such as claim settlement, policyholder communication, and network management, ensuring smooth claims processing and service delivery.


Can bundling policies help reduce my insurance premium?

Yes, many insurers offer discounts if you bundle multiple policies, such as auto and home insurance. Bundling can lead to significant savings since insurance companies reward customers who purchase multiple products from them. However, it’s always best to compare bundled and separate policies.


How can I lower my flood insurance premiums?

You can reduce premiums by elevating your home, installing flood barriers, using flood-resistant materials, or obtaining an elevation certificate showing reduced flood risk.


How does Usage-Based Insurance work?

UBI uses technology like telematics devices or mobile apps to monitor behaviors such as speed, distance, and driving time, which directly influence premium rates.


How does facultative reinsurance impact an insurer’s solvency?

By transferring high-risk policies to a reinsurer, facultative reinsurance helps insurers manage their capital more effectively, maintain regulatory solvency requirements, and avoid excessive financial strain from large individual claims.


What are the main challenges of parametric insurance?

Challenges include basis risk (payout mismatch with actual losses), high data accuracy requirements, and the need for well-defined trigger parameters.


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