Shield Insurance Agency

AUGUST 20, 2024

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.

Insurance Claim 52

Insurance Claim Claim Protection Out-Of-Pocket 52

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.

Commercial Property 59

Commercial Property Property Insurance Commercial Out-Of-Pocket 59

The Property Insurance Law Observer

SEPTEMBER 16, 2024

(“Insured”), failed to disclose or produce any expert evidence to rebut the conclusions of the West American’s three experts, who determined the roof’s damage was merely cosmetic. Background In November 2019, West American [1] issued an insurance policy providing coverage for the Insured’s commercial shop buildings.

Insurance Companies 130

Insurance Companies Damage Insured Insurer 130

Bankers Insurance

NOVEMBER 15, 2023

Roof: In some commercial and industrial buildings, roof-mounted sprinkler systems are installed for fire protection. Property damage: Burst pipes and malfunctioning sprinkler systems can result in substantial water damage to a building’s structure, interior, and equipment, incurring significant repair costs.

Protection 52

Protection Damage Property Damage Building 52

Property Insurance Centre

JANUARY 4, 2024

Unpredictable weather events and the rise in natural catastrophes pose significant challenges for the property insurance industry. Insureds are facing substantial property losses, leading to increased financial burdens.

Property Insurance 52

Property Insurance Commercial Property Liability Premium 52

Property Insurance Centre

MARCH 19, 2024

An immediate response to property damage is crucial. Policyholders should be educated on the importance of documenting damage as it occurs, including taking photographs or videos of the affected areas. This documentation serves as evidence and can support their claims.

Property Insurance 52

Property Insurance Policyholder Insurer Insured 52

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.

Commercial Property 75

Commercial Property Insurer Insured Insurance 75