Remove Commercial Insurance Remove Policyholder Remove Premium
article thumbnail

Impact of Rising Interest Rates on Property Insurance

Protect Commercial Insurance

How Interest Rates Influence Insurance Costs Insurance premiums are sometimes indirectly influenced by interest rates. Here’s how: insurers rely on investment income to keep premiums competitive. When interest rates rise, the returns on these investments can increase, potentially affecting premium rates.

article thumbnail

Protect Your Finances: The Truth About Small Insurance Claims

Shield Insurance Agency

Shield Insurance Blog | Small Insurance Claims | Contact Our Sales Team! Small Insurance Claims Can Raise Premiums Small insurance claims, such as those for minor property damage, may seem like a hassle to deal with. As a result, the insurance company may raise your premiums to offset the potential risk.

Insiders

Sign Up for our Newsletter

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

article thumbnail

What is Fair Value and what does it mean for the insurance market?

Protect Commercial Insurance

Whilst we’re predominantly a commercial insurance broker, the new ruling affects our high-value household policies. Key changes The new rules have brought some key changes to the way General Insurance works: Equivalent policy premiums should not be higher for existing customers than for new customers. Premium reductions?

Premium 52
article thumbnail

Understanding Consumer Education and Property Insurance

Property Insurance Centre

By understanding key terms, policy details, and the rights and responsibilities of policyholders, consumers can engage with insurers more effectively, ensuring better communication and ultimately achieving their desired outcomes.

article thumbnail

Emerging Property Insurance Trends 2024

Property Insurance Centre

Get a Quote Insurance under one roof We are specialists in many types of insurance GET YOUR QUOTE GET YOUR QUOTE Key Takeaways Consistent rate increases have been experienced in the property insurance market since 2017. Inflation drives up property valuations , construction costs , and insurance premiums.

article thumbnail

Our Claims Partner, Aspray, Wins Loss Assessor of the Year 2024

Property Insurance Centre

Their comprehensive approach, combining expert knowledge, personalised service, and a keen attention to detail, has earned them a stellar reputation among policyholders and insurers alike. We look forward to continuing our mission of helping policyholders navigate the complexities of property damage claims with confidence and ease.”

Claim 52
article thumbnail

Top Building Insurance Pitfalls To Trigger F.O.M.O.

Property Insurance Centre

This might seem like an advantage since this saves cost initially, though it might lead to high premium costs later on. For example, you may be able to purchase legal expenses cover or rent guarantee insurance to protect your rental income. These can be added to your policy for an additional premium.