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A Comprehensive Guide to Understanding Commercial Property Insurance

Protect Commercial Insurance

Awareness in this area can prevent nasty surprises when you attempt to make a claim: – Flood Damage : Often requires separate coverage or endorsements, especially in flood-prone areas. Does the local crime rate affect security? Non-compliance can sometimes void insurance claims.

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Are Insurance Price Increases a Tipping Point for Gen X and Boomers?

Majesco

Increased repair costs, a component of inflation, was cited by nearly half for both auto and homeowner insurance and is far higher than Gen Z and Millennials, likely reflecting the years of owning insurance and understanding the makeup of claims costs. However, only 38% of renters insurance customers believe they can influence their rates.

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Insurance for Apartment Building Owners: Protecting Your Client’s Investments With the Right Coverage

Distinguished

And with rising property values, more frequent catastrophic weather events, and emerging risks like habitability claims, its never been more critical to help your clients navigate their insurance options. What Kinds of Claims Get Made in Apartment Buildings As a team, weve seen all kinds of claims related to apartment buildings.

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10 Factors That Affect Homeowners Insurance Premiums in Florida

TGS

Conversely, homes further inland or in areas with lower crime rates often benefit from lower insurance costs. Claims History Both your personal claims history and the history of claims in your area can impact your premium. Opting for a higher deductible can lower your monthly premium. It makes sense, right?

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How To Save Money On Your Commercial Insurance

Protect Commercial Insurance

It provides protection against a plethora of risks, including property damage, liability claims, theft, and even employee injuries. – Professional Liability Insurance: Also known as Errors and Omissions Insurance, this covers businesses against claims of negligence or harm resulting from professional services.

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Gen Z and Millennial Buyer Insurance Trends Point to the Importance of Data/AI Technologies

Majesco

Anything from quoting to underwriting, servicing, billing or claims may no longer operate at the level expected by customers, putting trust and loyalty at risk. In addition, other actions taken included raising deductibles, particularly for homeowners, and reducing coverage for both auto and homeowners.

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Travel Insurance for Businesses

Bankers Insurance

In most cases, the deductible requires the insured to pay about 10 percent of any loss. These policies can also cover areas such as foreign business auto rental, foreign commercial general liability, foreign voluntary workers’ compensation, foreign travel accident/sickness, marine ocean cargo, foreign commercial crime and political risk.