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ACS Insurance Agency

Insurance, United States, California, San Diego

Protecting what matters most with personalized insurance solutions and exceptional customer service.

About ACS Insurance Agency

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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, California state
Official Website
http://www.acsinsuranceagency.com
Location Address Official Phone Email
United States of America, California state United States, California, San Diego **** ****
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FAQs – ACS Insurance Agency

What is quota share reinsurance?

Quota share reinsurance is a type of proportional reinsurance where the insurer and reinsurer share premiums and losses in a fixed percentage. It helps insurers manage risk while maintaining a steady flow of premium income.


How does subrogation affect liability insurance?

In liability insurance, subrogation enables the insurer to recover defense costs and claim payouts from the party legally responsible for damages.


Is cyber insurance required by law for data breaches?

While cyber insurance is not legally required, certain industries or regulations (like GDPR or HIPAA) may have strict data protection rules that make cyber insurance a wise investment. Some states also require businesses to have certain security measures or insurance to handle breaches.


How is the premium for Variable Life Insurance determined?

The premium is based on factors like age, gender, health, death benefit amount, and any riders. The premium can vary if you adjust the coverage or investment choices.


Does my liability limit reset each year?

Yes, for most policies, the limit of liability resets at the start of each new policy period, but unused portions of the limit do not carry over to the next year.


How does reinsurance help ceding companies during catastrophic events?

Reinsurance provides crucial financial support during disasters like hurricanes, earthquakes, and pandemics. By spreading risk across multiple reinsurers, ceding companies prevent insolvency, continue claims payments, and maintain policyholder trust even after severe losses.


What makes Berkshire Hathaway a top insurance company?

Berkshire Hathaway, led by Warren Buffett, is recognized for its strong financial performance, wide range of insurance products, and subsidiary companies like GEICO.


Are natural disasters covered under marine cargo insurance?

Yes, events like storms, hurricanes, and earthquakes are generally covered under all-risk and named perils policies.


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