Property Insurance Centre

JANUARY 4, 2024

Inflation drives up property valuations , construction costs , and insurance premiums. This has resulted in higher premiums and limited coverage in catastrophe-exposed areas. The rising costs of building or repairing properties have a direct effect on insurance premiums.

Property Insurance 52

Property Insurance Commercial Property Liability Insurance 52

American Agents Alliance

AUGUST 10, 2024

The Role of Agents Agents and brokers can help explain these pressures to policyholders who are concerned with rates or repair costs. Another helpful tip for policyholders is to educate them about ways to manage and mitigate their individual risks.

Auto Insurance 40

Auto Insurance Broker-Agent Policyholder Agents 40

Triple-I: Homeowners Insurance

DECEMBER 3, 2024

Louisiana Insurance Commissioner Tim Temple – a self-described “unicorn” among insurance regulators, given his decades-long background in the industry as an agent, broker, and company president – even renamed programs to address “legal system abuse” when he assumed office in January. Clear communication is key, the participants agreed.

Out-Of-Pocket 64

Out-Of-Pocket Broker-Agent Premium Claim 64

Majesco

FEBRUARY 15, 2024

Carriers must balance speed and accuracy to deliver precise risk evaluation, with the expectation and result of comprehensive and fair premium pricing for both the insurer and its policyholders. Let’s Speed allows insurers to stay ahead of new challenges, react promptly to market trends, and adjust coverage terms accordingly.

Policyholder 40

Policyholder Broker-Agent Risk Broker 40

Majesco

APRIL 25, 2024

It’s a double play—claims processed swiftly, premiums collected seamlessly, and customers satisfied. When a policyholder feels heard, when a claim is resolved swiftly, when premiums align with value—those are the grand slams insurers aim for. The ball never hits the dirt.

Premium 40

Premium Underwriter Underwriting Claim 40

Property Insurance Centre

SEPTEMBER 25, 2024

This might seem like an advantage since this saves cost initially, though it might lead to high premium costs later on. It is important not to rely only on the words that a broker tells you, try to read all the details. These can be added to your policy for an additional premium. – Declaring inaccurately.

Building 52

Building Insurance Insurer Insured 52

Distinguished

NOVEMBER 7, 2024

This heightened risk necessitates more substantial bonds, often with higher premiums, to cover potential defaults or non-payment issues. Insurance Products: Insurance transfers risk from the insured (policyholder) to the insurer (insurance company). Performance and payment bonds become crucial in managing these risks.

Claim 52

Claim Compensation Risk Broker-Agent 52

Cover4LetProperty

OCTOBER 10, 2022

That is to say, you (or your agent) are without a criminal record and have no convictions for breaching landlord laws, regulations, or codes of practice. You might also want to consult a letting agent about a realistic rent for the property you are offering. What are let property insurance brokers?

Insurance 52

Insurance Insurer Insured Property Insurance 52