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Human Needs Drive Insurance and Should Drive Tech Solutions

Triple-I: Homeowners Insurance

By providing feedback to encourage safer driving habits, telematics has been found to lower risk and reduce auto premiums, empowering consumers to recognize their direct influence on their insurance rates, Kempton said. I remember when insurance companies advertised dependability and stability, Temple explained.

Insurer 59
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What Agents Should Know About Tariffs and Insurance Costs

American Agents Alliance

The Relationship Between Tariffs and Insurance Costs Rising tariffs could impact many different lines of business, but some experts have narrowed their focus to the effects on homeowners and auto (both personal and commercial). Rising expenses could perhaps cause higher insured values, leading to policy adjustments and higher premiums.

Agents 52
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Why Insurance Companies Won't Write Policies Before Named Storms

Wren Insurance Agency

Now that we are in the thick of the official hurricane season here in Florida, you may have noticed - if you recently tried to bind a new home insurance policy - that most carriers will stop writing up to a week or two prior to a named storm possibly impacting the state. The more damage, the more likely premiums will rise at renewal.

Policy 74
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FACTORS THAT AFFECT NJ HOMEOWNERS INSURANCE PREMIUMS

Boyle Agency Insurance

Determinants Of Homeowners Insurance Premiums Certain factors have an effect on your homeowners insurance premium. When pursuing lower premiums in Homeowners Insurance, eliminating or reducing these considerations is essential. Below we offer some factors that may affect NJ Homeowners Insurance premiums.

Premium 40
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How Automatic Water Shut-off Systems Can Help Homeowners Avoid Costly Water Damage

Scott Insurance

Water damage, one of the leading and most costly causes of property damage in the U.S., However, many homeowners are unaware of one simple solution that can prevent damage, save them money and give them peace of mind. Often, water damage inside the home is caused by leaks in the plumbing system.

Damage 52
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New IRC report indicates that Most Homeowners Expect to Experience Severe Weather in Future and Feel Prepared. 

Triple-I: Homeowners Insurance

Only 30 percent are aware of premium savings for implementing mitigation measures. Seventy percent revealed they would be willing to pay higher premiums for better protection against future severe weather events. Weather Experiences Nearly half of the participants reported damage to their homes after a severe weather event.

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Why Are Personal Auto Insurance Rates Increasing?

Scott Insurance

is facing higher-than-normal increases to their auto insurance premiums. According to Bankrate , an independent publisher and comparison service, auto insurance in the U.S. Therefore, if the costs associated with an accident increase, insurance premiums will follow suit. appeared first on Scott Insurance.