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Legacy Insurance Partners: Broome Ins., Faw Ins., Childress Ins., Thacker & Brooks Ins

Insurance, USA, Texas, Dallas

Legacy Insurance Partners: Broome Ins., Faw Ins., Childress Ins., Thacker & Brooks Ins provides comprehensive insurance solutions with personalized service and expertise that sets us apart.

About Legacy Insurance Partners: Broome Ins., Faw Ins., Childress Ins., Thacker & Brooks Ins

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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, Texas state
Official Website
http://www.legacyinspartners.com
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FAQs – Legacy Insurance Partners: Broome Ins., Faw Ins., Childress Ins., Thacker & Brooks Ins

What is the difference between primary and contingent beneficiaries?

The primary beneficiary is the first in line to receive the insurance benefits. If the primary beneficiary is unable to receive the benefits (due to death or other reasons), the contingent beneficiary will receive them.


What happens if an insurance policyholder fails to pay premiums?

If premiums are not paid within the grace period, the insurer can terminate coverage, meaning the policyholder loses protection and any associated benefits.


What crops are commonly covered under weather-related agricultural insurance?

Commonly insured crops include staple grains like wheat, rice, and maize, as well as cash crops such as coffee, cotton, and sugarcane. High-value crops like fruits, vegetables, and nuts may also be covered, depending on the insurer and regional farming practices.


How do I decide on the right deductible for collision insurance?

Choosing a deductible depends on your financial situation. A higher deductible lowers your premium but increases out-of-pocket costs after an accident, while a lower deductible means higher premiums but lower repair costs.


Who is considered the policyholder in an insurance contract?

The policyholder is the individual or entity that owns an insurance policy, is responsible for paying premiums, and holds the right to make policy changes.


How does business insurance coverage work?

Business insurance includes various coverages such as general liability, property insurance, workers' compensation, and professional liability. It protects businesses from lawsuits, property damage, employee injuries, and operational risks. Policies can be customized to fit industry needs.


How did early religious beliefs influence life insurance?

Many religious groups opposed life insurance, viewing it as gambling on life. Over time, perspectives shifted as insurance was seen as a responsible financial planning tool.


What is facultative reinsurance?

Facultative reinsurance is a type of reinsurance where individual risks are evaluated and accepted or rejected by the reinsurer on a case-by-case basis.


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