article thumbnail

Does Commercial Property Insurance Cover Water Damage?

Tosten Marketing

Water damage can wreak havoc on commercial properties, leading to costly repairs and business disruptions. At Tosten Marketing, we often hear from business owners wondering about their insurance coverage for such incidents. Commercial property insurance water damage coverage is a complex topic with many nuances.

article thumbnail

State Residual Markets See Policy Count Double in 5 Years: AM Best

Insurance Journal

State-sponsored residual property markets have seen in influx of risks come in since 2018, with some states growing by more than 200%. According to insurance industry ratings firm AM Best, the policy counts of personal and commercial property Fair Access …

Policy 264
Insiders

Sign Up for our Newsletter

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

article thumbnail

State Residual Markets See Policy Count Double in 5 Years: AM Best

Insurance Journal

State-sponsored residual property markets have seen in influx of risks come in since 2018, with some states growing by more than 200%. According to insurance industry ratings firm AM Best, the policy counts of personal and commercial property Fair Access …

Policy 130
article thumbnail

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.

article thumbnail

How Climate Change is Shaping Insurance Policies for Commercial Properties

Protect Commercial Insurance

Introduction Climate change isn’t just an environmental buzzword; it’s rapidly becoming a pivotal factor in the world of insurance, especially for commercial properties. As we face more frequent and intense extreme weather events, insurers are re-evaluating their policies to better manage these growing risks.

article thumbnail

Strike’s Duration Will Determine Impact on P/C Insurance Industry

Triple-I: Business Insurance

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.

article thumbnail

What Agents Should Know About Tariffs and Insurance Costs

American Agents Alliance

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 could cause higher rates in commercial property and homeowners lines. Become a member today!

Agents 52