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What Agents Should Know About Tariffs and Insurance Costs

American Agents Alliance

While the relationship between tariffs and insurance costs can seem unrelated, tariffs can increase costs for insurers and policyholders. Read more to understand this relationship and how agents can help policyholders manage this uncertainty. This could cause higher rates in commercial property and homeowners lines.

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The Importance of Accurate Valuation in Commercial Property Insurance

Bankers Insurance

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).

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The Pressures of Operational Optimization

Majesco

US commercial Property and Casualty insurers have obtained incredibly high results in avoiding water, non-weather losses, using IoT solutions for risk prevention. These are still missed opportunities if insurers aren’t taking advantage of them, and they represent a large portion of the portfolio of commercial property insurers.

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

Property Insurance Centre

By understanding these factors, you can take steps to reduce your insurance costs, such as choosing a higher deductible or improving the condition of your property. You’ll also need to understand your deductible, which is the amount you must pay out of pocket before the insurance company will cover the rest of the costs.