Bankers Insurance
AUGUST 8, 2024
THE IMPORTANCE OF ACCURATE VALUATION IN COMMERCIAL PROPERTY INSURANCE When purchasing or renewing commercial property insurance , it’s important for businesses to ensure their coverage includes correct property valuations. Additionally, property undervaluation can result in coinsurance penalties. inflation).
Jackson & Jackson
APRIL 29, 2024
Commercial property insurance is a significant expense for property investors and owners. This article outlines practical tips and strategies to help commercial property owners in California minimize their insurance expenses while maintaining adequate protection for their investments.
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American Agents Alliance
APRIL 3, 2025
This could cause higher rates in commercial property and homeowners lines. Rising expenses could perhaps cause higher insured values, leading to policy adjustments and higher premiums. Tariffs can also drive up inflation in the overall economy, increasing labor costs across industries. This may be more frequently than at renewal time.
Jackson & Jackson
MAY 22, 2024
Multi-unit commercial properties in California offer investors the potential for significant returns. Investors must understand the importance of securing comprehensive commercial property insurance coverage to protect their investments. It covers property damage, loss of income, liability claims, etc.
Risk Management Monitor
AUGUST 9, 2022
Many commercial property policies contain provisions that any lawsuit against an insurer must be filed within one year following the “inception of loss,” otherwise it is barred. In that case, a hotel filed a lawsuit against its insurer for refusing to cover hail-related roof damage under a commercial property insurance policy.
Triple-I: Business Insurance
OCTOBER 1, 2024
Focusing specifically on the strike’s impact on the property/casualty industry – and given the specific goods transiting through those ports – the impact will be most direct for homeowners, personal and commercial auto, and commercial property. in 2021 – lasted one week.
Jackson & Jackson
APRIL 28, 2024
Cheaper policies can come with higher deductibles, more exclusions, and lower coverage limits, which could cost more in the long run. Work with a reputable insurance broker who understands the unique needs of property investors. How to Avoid It: Shop around and compare policies based on price and coverage.
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