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What is a Managing General Agent (MGA) in Insurance?

Distinguished

A Managing General Agent (MGA) is a specialized type of insurance intermediary that has underwriting authority granted by an insurer. Unlike agents or brokers, MGAs can bind coverage, price policies, and handle claims they essentially act as an extension of an insurer.

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How to Reduce Your Commercial Property Insurance Costs: Tips and Strategies

Jackson & Jackson

Commercial property insurance is a significant expense for property investors and owners. This article outlines practical tips and strategies to help commercial property owners in California minimize their insurance expenses while maintaining adequate protection for their investments.

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Can I Insure My Block of Flats if I’m Not the Freeholder?

Property Insurance Centre

The quick answer is yes, you can insure your block of flats even if youre not the freeholder, but the process and your responsibilities depend on your ownership type and lease agreement. Steps to Take Check the Lease Agreement: This document will outline who is responsible for insuring the building. Looking for a quote now?

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Understanding Multi-Family Property Insurance in California.

Jackson & Jackson

Multi-unit commercial properties in California offer investors the potential for significant returns. Investors must understand the importance of securing comprehensive commercial property insurance coverage to protect their investments. It covers property damage, loss of income, liability claims, etc.

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Emerging Property Insurance Trends 2024

Property Insurance Centre

Inflation and rising costs are major drivers of increased insurance expenses for property owners. To ensure adequate coverage, property owners should stay informed about the latest trends and collaborate closely with their insurance brokers to navigate the evolving property insurance landscape.

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Builder’s Risk Insurance in Alabama: A Broker’s Guide 

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This includes projects that involve: Betterments Renovations New Construction We also insure a variety of building types, including single-family homes , mixed-use buildings , and commercial properties. If you want a quote for your client today, sign up with us and submit your business online through our Broker Portal.

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Top 5 Mistakes Property Investors Make with Insurance – And How to Avoid Them

Jackson & Jackson

Work with a reputable insurance broker who understands the unique needs of property investors. The post Top 5 Mistakes Property Investors Make with Insurance – And How to Avoid Them appeared first on Jackson & Jackson Insurance Agents and Brokers.