Remove Broker Remove Inland Marine Remove Premium
article thumbnail

Rare Toy Insurance: A Guide for Collectors and Brokers 

Distinguished

Affects homeowner premiums : If a claim needs to be made for one of your clients’ toys, that claim could lead to increased premiums on their homeowner’s insurance, a financial burden that may not be worth the claim. Property and Liability products are distributed through a national network of agents and brokers.

Broker 52
article thumbnail

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

Distinguished

If you want a quote for your client today, sign up with us and submit your business online through our Broker Portal. Insurance brokers looking to expand their business in Alabama should consider partnering with Distinguished because we offer much more than a comprehensive Builder’s Risk program.  Sign in to our Broker Portal.

Risk 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Builder’s Risk Insurance Declinations: An Interview With Susan DeCarlo

Distinguished

We had an insured recently where we were at the max 24 months when the broker requested a three-month extension. We bound the policy for a six-month term, and the premium was $1,300. Property and Liability products are distributed through a national network of agents and brokers.

Risk 52
article thumbnail

Builder’s Risk Insurance in Georgia: Coverages, Costs, and More 

Distinguished

When determining the end price of a policy, our underwriters will look at a number of factors that can influence whether the final premium will be closer to 1% or 5% of the total project cost. Property and Liability products are distributed through a national network of agents and brokers.

Risk 52
article thumbnail

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

Distinguished

Soft costs : Additional expenses caused by a covered claim that are not related to building materials, equipment, or other hard costs; these soft costs could include additional reinspection fees, increased tax burdens, and insurance premiums. Access our online Broker Portal. Submit your client’s information for a quote.

Risk 52
article thumbnail

Does Homeowners Insurance Cover Collectibles? 

Distinguished

At Distinguished Programs, our specialty fine art and collectibles insurance offers several key advantages over relying solely on homeowners insurance: Doesn’t Affect Homeowner Premiums : If your client needs to file a claim, it won’t impact their homeowner’s insurance premiums.

Insurer 52
article thumbnail

A Comprehensive Overview of Surety Bonds

Distinguished

This heightened risk necessitates more substantial bonds, often with higher premiums, to cover potential defaults or non-payment issues. In return for premium payments, the insurer agrees to compensate the insured for losses suffered due to specified risks, such as property damage or liability claims.

Claim 52