Majesco

MARCH 27, 2025

When she recently realized that her premiums for both vehicles were nearly identical (and they had both gone up), she called her insurance agent. The potential premium savings are worth the data sharing. Both generational groups are experiencing related tipping points, however, due to the effect of inflation on insurance premiums.

Auto Insurance 52

Auto Insurance Insured Insurer Insurance 52

Distinguished

APRIL 21, 2025

Crime insurance: Safeguards against theft, fraud, and vandalism. The citys density, property values, and the likelihood that someone could make a claim all contribute to premium fluctuations. Coverage selections: Policies with expanded protection, such as flood, earthquake, and additional liability coverages, increase premium costs.

Broker 52

Broker Liability Broker-Agent Building 52

Property Insurance Centre

MARCH 11, 2025

Higher Property Values and Rebuild Costs London property prices are significantly higher than the national average, which means higher rebuild costs and, consequently, higher insurance premiums. Higher Crime Rates and Security Concerns London experiences more burglary, vandalism, and theft claims compared to rural or suburban areas.

Risk 52

Risk Insured Insurer Insurance 52

Jackson & Jackson

APRIL 30, 2024

Understanding Location-Based Risk Factors Location plays a pivotal role in determining insurance premiums for commercial properties. 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.

Commercial Property 52

Commercial Property Property Insurance Commercial Crime 52

Distinguished

FEBRUARY 24, 2025

Location risks: Areas with higher crime rates or increased foot traffic face higher premiums. Alcohol sales: Establishments serving alcohol will need liquor liability coverage, which can raise overall premiums.

Liability 52

Liability Liability Insurance Insured Insurer 52

Scott Insurance

NOVEMBER 9, 2021

Read the full paper here The post Affordable Housing’s Growing Insurance Problem appeared first on Scott Insurance.

Crime 52

Crime Insured Insurer Insurance 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. Looking Ahead There is reason for optimism.

Deductible 52

Deductible Underwriting Underwriter Property Insurance 52

Freeway Insurance

OCTOBER 26, 2023

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. What Other Factors Determine What I’ll Pay for Auto Insurance?

Crime 52

Crime Auto Insurance Insured Insurer 52

Distinguished

MARCH 20, 2025

Crime insurance : Protects against financial losses caused by theft, burglary, or employee dishonesty, covering stolen money, securities, or property. TIV (total insurable value): Higher replacement costs for the building and covered property directly increase the premium.

Building 52

Building Protection Damage Liability 52

Protect Commercial Insurance

NOVEMBER 8, 2024

By understanding your policy needs, shopping around, and exploring available discounts, you can effectively manage insurance premiums and keep your business financially secure. However, commercial insurance premiums can sometimes strain your business finances if not managed wisely.

Commercial Insurance 52

Commercial Insurance Commercial Premium Deductible 52

Triple-I: Business Insurance

APRIL 4, 2024

Cyber incidents reported to the FBI’s Internet Crime Complaint Center (IC3) in 2023 totaled 880,418. Email compromise, cryptocurrency fraud, and ransomware increase In addition to record-high financial losses from cybercrimes overall in 2023, the report revealed trends across crime methodology and targets. billion in 2022 to $3.94

Financial Loss 52

Financial Loss Cyber Crime Risk 52

Cover4LetProperty

OCTOBER 1, 2024

Properties in areas with higher crime rates or those prone to flooding may have higher premiums. Additionally, the type of tenants you rent to can impact the cost—renting to students or tenants on housing benefits, for example, might result in higher premiums as some insurers may view these as higher-risk groups.

Insured 60

Insured Insurer Insurance Injury 60

Distinguished

SEPTEMBER 10, 2024

However, every project is different, so underwriters will determine the final cost of a policy based on the following factors: Location : Construction sites near bodies of water, in higher crime areas, or that include some other unique risk factor would increase the cost of the policy.

Risk 52

Risk General Liability Broker-Agent Insured 52

Risk Management Monitor

DECEMBER 20, 2022

Claimant fraud and premium fraud are two of the most well-known types of workers compensation fraud. In these cases, a worker may intentionally fake an injury (claimant fraud) or a business owner may misrepresent their employee headcount or incorrectly classify employees to obtain lower insurance premiums.

Workers Comp 40

Workers Comp Workers Compensation Compensation Claim 40

Property Insurance Centre

JULY 30, 2024

3 The FTC says it’s fair to refuse a rental applicant based on low income, credit scores, eviction or crime history. These questions cover employment, pets, smoking, and past offences. 3 If you turn someone down because of their check results, you need to send them a letter. This letter should explain how they can challenge the report.

Building 52

Building Property Insurance Policy Commercial 52

Property Insurance Centre

MAY 20, 2024

lawns, trees, plants) Movable items within the building (these may be covered under contents insurance) Maintenance and cleaning services Considerations for Insurance Coverage Usage : The purpose for which the building is used (residential, commercial, industrial) can affect the insurance terms and premiums.

Building 52

Building Liability Insured Insurer 52

Risk Management Monitor

OCTOBER 25, 2022

In other lines of business, as inflation continues to rise and products become harder to get, we can expect to see increased crime activity, with higher value attributed to stolen goods due to shortages and inflation encouraging more employee theft.

Risk 40

Risk Insured Insurer Insurance 40

Distinguished

MARCH 25, 2025

Security measures: Collections stored in locations with advanced security systems, climate control, and proper humidity management may qualify for lower premiums. Location: Storing a collection in an area prone to natural disasters or with higher crime rates can increase insurance costs.

Deductible 52

Deductible Theft Insured Insurer 52