Majesco

MARCH 27, 2025

Weather and catastrophic events, crime, more frequent and larger lawsuits, and high-tech vehicles also contribute significantly to their perceptions of what is driving up auto insurance costs.

Auto Insurance 52

Auto Insurance Insured Insurance Insurer 52

Scott Insurance

FEBRUARY 27, 2024

The Hardening Property Insurance Market Since 2017, the property insurance market has been hardening, resulting in lower available limits, higher deductibles and increased premiums. suburban) and are more susceptible to the use of crime scores when underwriters rate their liability insurance.

Deductible 52

Deductible Underwriter Underwriting Property Insurance 52

Distinguished

MARCH 20, 2025

It also shows that being aware of any separate deductibles for wind or hail is an important part of assessing your clients coverage options. Crime insurance : Protects against financial losses caused by theft, burglary, or employee dishonesty, covering stolen money, securities, or property.

Building 52

Building Protection Damage Liability 52

TGS

OCTOBER 3, 2024

Conversely, homes further inland or in areas with lower crime rates often benefit from lower insurance costs. Deductible Amount Your deductible is the amount you pay out of pocket before your insurance kicks in. Opting for a higher deductible can lower your monthly premium. It makes sense, right?

Premium 52

Premium Deductible Out-Of-Pocket Insured 52

Protect Commercial Insurance

NOVEMBER 8, 2024

Increase Your Deductibles If you’re looking to lower your insurance premiums, consider increasing the deductibles on your policies. The deductible is the amount you pay out of pocket before your insurance coverage kicks in.

Commercial Insurance 52

Commercial Insurance Commercial Premium Deductible 52

Bankers Insurance

JULY 8, 2024

In most cases, the deductible requires the insured to pay about 10 percent of any loss. These policies can also cover areas such as foreign business auto rental, foreign commercial general liability, foreign voluntary workers’ compensation, foreign travel accident/sickness, marine ocean cargo, foreign commercial crime and political risk.

Insured 52

Insured Insurance Insurer Workers Compensation 52

Majesco

DECEMBER 5, 2024

Interestingly, many do not see the impact of lawsuits or crime on their insurance – an opportunity for insurers to help their customers understand the wider aspects of insurance costs. In addition, other actions taken included raising deductibles, particularly for homeowners, and reducing coverage for both auto and homeowners.

Auto Insurance 40

Auto Insurance Insured Insurance Insurer 40