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Shaffer-Buck Insurance Inc.

Insurance, United States, Ohio, Columbus

Shaffer-Buck Insurance Inc. provides comprehensive insurance solutions tailored to your needs, ensuring peace of mind and financial protection for individuals and businesses alike.

About Shaffer-Buck Insurance Inc.

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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, Ohio state
Official Website
http://www.shafferbuckinsurance.com
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FAQs – Shaffer-Buck Insurance Inc.

Can I use a Health Savings Account (HSA) or Flexible Spending Account (FSA) to pay my co-pay?

Yes, you can use funds from an HSA or FSA to pay for co-pays, as they are considered qualified medical expenses. These accounts help reduce taxable income while covering out-of-pocket healthcare costs.


What is the significance of the Lloyd’s Act of 1871?

The Lloyd’s Act of 1871 provided a legal structure, allowing Lloyd’s to formalize its operations, regulate underwriters, and establish rules for managing risk and claims.


Can exotic or rare animals be insured under livestock insurance?

Some insurers offer coverage for exotic livestock or rare breeds, but premiums and policy conditions may be stricter.


Does property insurance cover theft?

Yes, theft is typically covered under most business property insurance policies. If a break-in or burglary occurs and your property is stolen or damaged, the insurance will cover the financial loss, subject to the terms and conditions of the policy.


What happens to the recovered subrogation funds?

If successful, the insurer reimburses itself for the claim payout. Some policies allow policyholders to receive a refund for their deductible if the subrogation amount covers it.


Can a deductible be refunded if a claim is later denied?

No, deductibles are non-refundable, and if a claim is denied, the insured does not receive reimbursement for any amount paid.


How do insurers manage claims in a digital environment?

In a digital environment, insurers manage claims by using online platforms and mobile apps that allow policyholders to file claims, upload documents, track the status of their claims, and communicate with adjusters. Automation tools process claims quickly, and AI helps assess damages and detect fraud. These digital solutions improve efficiency, reduce errors, and provide a more seamless customer experience.


Does a lapse in auto insurance affect future premiums?

Yes, insurers may charge higher premiums if you have a lapse in auto insurance, as gaps in coverage suggest a higher-risk profile to insurance providers.


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