Remove Crime Remove Damage Remove Theft
article thumbnail

The Impact of Location on Commercial Property Insurance Rates

Jackson & Jackson

Properties in high-risk zones for these disasters typically see higher insurance rates due to the increased likelihood of damage—especially the Brush Areas in California. Crime Rates Areas with higher crime rates often have higher property insurance rates due to the elevated risk of theft, vandalism, and other crime-related damages.

article thumbnail

10 Factors That Affect Homeowners Insurance Premiums in Florida

TGS

Coastal homes in Florida, for example, face higher premiums due to the increased risk of hurricanes, flooding, and wind damage. Conversely, homes further inland or in areas with lower crime rates often benefit from lower insurance costs. Location, Location, Location Where your home is located has a huge impact on your premium.

Premium 52
Insiders

Sign Up for our Newsletter

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

article thumbnail

Protect Your Clients Against Data Breaches

ProWriters

Analysts project cyber crime to cost the U.S. AT&T Telecommunications company AT&T suffered a massive breach that exposed almost all of its 109 million customers to an increased risk of identity theft. Legal repercussions, financial hits, and damaged reputations are just the tip of the iceberg. trillion by 2028.

article thumbnail

Why and How Your Zip Code Affects What You’ll Pay for Car Insurance

Freeway Insurance

Insurance companies take into account things like traffic, crime, frequency of accidents and even the weather. So if you live in a city with a lot of traffic or in an area with more crime, your insurance may cost more than if you live in a quieter, safer place. Why Will I Pay More for My Car Insurance If I Live in an Urban Environment?

Crime 52
article thumbnail

Block of Flats Insurance Glossary of Terms

Property Insurance Centre

damage caused by a leak). Terrorism Cover for Block of Flats Insurance policies for individual houses typically include cover for damage or loss caused by an Act of Terrorism. Construction Type : The materials and construction methods used can influence the coverage, particularly concerning fire resistance and susceptibility to damage.

article thumbnail

Builder’s Risk Insurance in Alabama: A Broker’s Guide 

Distinguished

This includes damages that arise from: Fires Theft Vandalism Weather events We are also proud to offer coverages beyond property damage for buildings, temporary structures, and building materials. Our program also offers your clients general liability insurance, which can help cover legal costs that can occur on work sites. 

Risk 52