Property Insurance Centre

JANUARY 4, 2024

Emerging Property Insurance Trends 2024 Welcome to our guide on emerging trends in the property insurance industry. As we dive into the evolving landscape of property insurance, it’s important to stay informed about the latest trends and challenges affecting the market. Hurricane Harvey 2017 92.0

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Property Insurance Centre

OCTOBER 18, 2024

How the Climate Crisis is Impacting the UK Property Insurance Market in 2023-2024 The UK property insurance market is increasingly being reshaped by the climate crisis , with extreme weather events such as storms and flooding becoming more frequent and costly. billion in property claims, marking a historic high.

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Property Insurance Centre

MARCH 19, 2024

Understanding Consumer Education and Property Insurance As an informed consumer, education on consumer rights and property insurance is crucial. It empowers individuals to make informed decisions about insurance coverage and understand their policy rights. An immediate response to property damage is crucial.

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The Property Insurance Law Observer

JUNE 13, 2024

2024), to preserve diversity jurisdiction, the United States District Court for the Southern District of New York permitted a plaintiff insured to drop non-diverse, dispensable defendant Underwriters at Lloyd’s, London (“Underwriters”) which subscribed to a commercial property insurance policy. 2024 WL 2830909, (S.D.N.Y.

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Property Insurance Centre

JANUARY 16, 2025

Get a Quote Insurance under one roof We are specialists in many types of insurance GET YOUR QUOTE GET YOUR QUOTE The Growing Need for Commercial Flood Insurance Flooding is the most common natural disaster in the UK, with 5.2 million properties at risk, according to the Environment Agency.

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Insurance Journal

OCTOBER 4, 2024

SPRUCE PINE, N.C. (AP) AP) — Two North Carolina facilities that manufacture the high-purity quartz used for making semiconductors, solar panels and fiber-optic cables have been shut down by Hurricane Helene with no reopening date in sight. Sibelco and The Quartz …

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Risk Management Monitor

NOVEMBER 8, 2021

One of the first steps in obtaining commercial property insurance is to determine the value of the property being insured. The reported property value will drive premium amounts and, importantly, represents the property loss exposure. The accuracy of this approach will diminish over time.

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Protect Commercial Insurance

MAY 24, 2024

In this article, we will explore five often overlooked insurance policies that can provide valuable coverage for your business. General Liability Insurance General liability insurance is a fundamental policy that covers your business against claims of bodily injury, property damage, and personal injury.

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Property Insurance Centre

DECEMBER 23, 2024

Do I have the right lock for my insurance ? Being a Commercial Property Owner or Business Owner you will be aware there will be certain conditions within your insurance policy with regard to the Security at the premises. What this lock simply does, is improve the physical security of your property straight away.

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Property Insurance Centre

SEPTEMBER 11, 2024

Lift Inspection policies will often accompany a Purpose Built Flats Insurance Policy, and for good reason. Although some Purpose Built Flats Insurance policies will provide some cover to machinery and plant for material damage cover, they will not provide any assistance should the lift break down.

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Protect Commercial Insurance

JANUARY 10, 2025

For brokers, establishing solid insurance referral partnerships can be the golden key to success. These partnerships not only broaden your client base but also offer a seamless solution to meet customer needs across various policy areas, such as commercial property. Remember to keep communication open and schedules flexible.

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Cover4LetProperty

APRIL 16, 2024

But before we actually look at some of the principal ways in which landlord insurance may continue to protect your property, let’s take a look at the different types of landlord there are in the UK. They can range from individual property owners to those who own multiple rental properties as part of their investment portfolio.

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Mark Jackson Insurance Agency

NOVEMBER 22, 2024

While your business may only operate for part of the year, risks like property damage, liability claims, or equipment theft don’t follow a calendar. Having the right insurance policies in place ensures your business is protected even during the offseason. Start by evaluating your specific risks.

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Property Insurance Centre

JULY 21, 2024

Aspray, a leading property damage claims management company, can act on your behalf when you need to make a claim. Aspray’s repeat win is a reflection of their unwavering commitment to delivering top-notch service to their clients, ensuring that they receive the best possible outcome in times of property damage.

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Property Insurance Centre

NOVEMBER 11, 2024

This shows the insurer, you are not a persistent claimer, which will inevitably put their account in deficit. Insurers, do not however, look on negatively when a customer claims for substantial damage when they need genuine help. Maintain your property regularly – A well maintained property will lead to less claims.

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Property Insurance Centre

AUGUST 28, 2024

Get a Quote Insurance under one roof We are specialists in many types of insurance GET YOUR QUOTE GET YOUR QUOTE Without an adequate alarm system in place, insurers may not offer terms or increase the premium significantly to reflect the extra risk they may be covering.

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Property Insurance Centre

AUGUST 8, 2024

What happens when the unoccupied property becomes empty again? Essentially, the cover you lost will re re-applied to your office buildings policy – such as theft or malicious damage for example will no longer be excluded. What do we recommend as a broker for unoccupied office insurance?

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Property Insurance Centre

SEPTEMBER 25, 2024

See what is not covered in terms of events/damage for your policy and think about getting flood insurance or accidental damage insurance if desired. Accidental damage is not usually covered by a normal building insurance policy. The age and condition of your property is also a significant factor.

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Property Insurance Centre

JANUARY 30, 2024

Block of flats insurance primarily consists of buildings insurance , which is a requirement imposed by the leases for the individual flats. This type of insurance is designed to safeguard the physical structure of the property, providing financial protection in the event of damage or loss due to various risks.

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Property Insurance Centre

MAY 20, 2024

This could mean that if the property is insured for 50% of its correct rebuilding cost, the insurer only pays 50% of the claimed amount. damage caused by a leak). The clause or condition of the block of flats insurance policy may vary between insurers. This can apply to a total loss (e.g.

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Property Insurance Centre

NOVEMBER 26, 2024

They should look for any signs of wear, damage, or degradation. If the PPE looks damaged, it should be taken out of service and replaced. Workers should replace their PPE if it shows signs of wear, damage, or when the manufacturer advises it. Not replacing worn or damaged PPE can be dangerous.

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Protect Commercial Insurance

NOVEMBER 22, 2024

Long-term Financial Benefits While the upfront cost of commercial insurance might seem high, consider the long-term savings and financial security it provides. Without insurance, your business could face catastrophic financial loss from property damage, theft, or a lawsuit.

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Property Insurance Centre

JULY 30, 2024

3 By only choosing trustworthy tenants, the chances of problems like late rent or damage decrease. This keeps the property in great shape and stops bigger problems from happening. It stops big damage and saves money on repairs later. It reduces the chances of problems like late rent or damage.

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Protect Commercial Insurance

DECEMBER 6, 2024

With more frequent natural disasters like floods and wildfires, companies are increasingly vulnerable to physical damages and operational disruptions. This real-time information enables insurers to offer dynamic pricing models that reflect actual risk more accurately.

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Majesco

APRIL 11, 2024

There is inflation and its pressure on claims costs, whether it’s medical or it is physical damage to homes and businesses. Some customers can’t afford their insurance and they are decreasing the amount of insurance they have or not purchasing it all together. We have challenges from a macroeconomic perspective.

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Risk Management Monitor

AUGUST 9, 2022

Last week, a severe thunderstorm unleashed massive hailstones in Alberta, Canada, damaging dozens of cars and unleashing potentially record-breaking hailstones the size of grapefruits. The reality is that large hail typically accounts for a majority of thunderstorm-related losses in North America during any given year.”.

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