Remove Crime Remove Insurance Carrier Remove Liability Insurance
article thumbnail

How Insurance Carriers Use Crime Scores to Assess Risk in the Affordable Housing Industry

Scott Insurance

Many insurance carriers use third-party crime scores to evaluate their exposure to criminal risk when underwriting general liability insurance policies. Thus, affordable housing providers are highly likely to experience a loss of coverage or relatively high insurance premiums.

Crime 52
article thumbnail

Affordable Housing Insurance Challenges: Understanding the Market

Scott Insurance

suburban) and are more susceptible to the use of crime scores when underwriters rate their liability insurance. Additionally, insurance carriers are requiring higher deductibles, which often puts affordable housing owners at odds with their lending and syndicator partners.

article thumbnail

How Partnering With a Cyber Insurance Broker Protects Your Clients

ProWriters

As an insurance broker, you likely recognize that while these technologies drive business operations, they also increase vulnerability to cyber crime, making Cyber Insurance a necessity for your clients. Helping your clients understand cyber risks and Cyber Insurance policy jargon can be challenging.