Remove Claim Remove Inland Marine Remove Underwriter
article thumbnail

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. How do MGAs Differ From Insurance Brokers?

Agents 52
article thumbnail

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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Fine Art & Collectibles Insurance: Q&A For Brokers

Distinguished

Hear directly from our underwriters on how Distinguished can help you win business and deliver superior service to your clients. Expert Panel Alison Sweeney , Vice President, Fine Art Expert, Distinguished Fine Art & Collectibles Alison is our Fine Art expert and underwriter working out of our New York office.

Broker 52
article thumbnail

Hotel Primary Insurance: A Check-In to Success for Insurance Brokers

Distinguished

Underwriters with hospitality industry knowledge and expertise. Dedicated claims team experienced in hospitality-related losses. Our underwriters will look at the security the hotel has in place. Q: What key factors should be considered when evaluating the Hotel Primary markets? Q: What states is this available in?

article thumbnail

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

Distinguished

We can consider weather related claims, but claims of theft, vandalism, and fire, for example, would be an automatic decline. If we are comfortable with our exposure, we may consider increasing the AOP deductible and the theft deductible , depending on the underwriting analysis. And in those cases, it would be a declination.

Risk 52
article thumbnail

Builder’s Risk Insurance in Michigan: Online Quotes, Coverages, and Costs 

Distinguished

Responsive Claims Service : Our 24/7 claims team ensures your clients have timely access to funds when needed, minimizing project disruptions. Expert Underwriting : With years of specialized experience, our underwriters excel in assessing and insuring even the most complex or unique Builder’s Risk projects.

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. They require insurance to protect against potential claims.

Risk 52