Bankers Insurance

AUGUST 8, 2024

THE IMPORTANCE OF ACCURATE VALUATION IN COMMERCIAL PROPERTY INSURANCE When purchasing or renewing commercial property insurance , it’s important for businesses to ensure their coverage includes correct property valuations. Additionally, property undervaluation can result in coinsurance penalties.

Commercial Property 59

Commercial Property Property Insurance Commercial Out-Of-Pocket 59

Protect Commercial Insurance

OCTOBER 4, 2024

But what does this mean for property owners and their insurance needs? As interest rates creep up, they can have a surprising ripple effect on property insurance costs. Impact on Property Insurance The property insurance market isn’t isolated from these changes.

Property Insurance 52

Property Insurance Out-Of-Pocket Premium Insurance 52

The Property Insurance Law Observer

JULY 29, 2024

Actual cash value of the stolen or damaged property less the deductible; or 2. Amount necessary to repair or replace the property with other property of like kind and quality less the deductible. Payment of loss We may pay for loss in money or repair or replace the damaged or stolen property.

Policyholder 130

Policyholder Damage Deductible Liability 130

Insurance Journal

OCTOBER 28, 2024

More than 100 people were arrested late last week in storm-ravaged Pinellas County, Florida, charged with looting homes and working as unlicensed contractors, two weeks after Hurricane Milton forced many residents to evacuate. Pinellas County Sheriff Bob Gualtieri said that …

Deductible 317

Deductible Theft Property Insurance Insurer 317

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

Insurance Journal

FEBRUARY 21, 2025

PETERSBURG, Fla. (AP) AP) Seven men from Chile have been charged in Florida federal court with orchestrating burglaries at the homes of prominent professional athletes around the country, according to a criminal complaint. The FBI complaint doesn’t name the …

Deductible 196

Deductible Theft Property Insurance Insurer 196

Protect Commercial Insurance

JULY 26, 2024

Here are a few key areas to consider: Property Insurance Your tailoring business likely has valuable equipment, such as sewing machines, cutting tables, and fabric inventory. Property insurance can protect these assets from damage or loss due to fire, theft, or other covered perils.

Commercial 52

Commercial Insurance Broker General Liability Business Interruption 52

Risk Management Monitor

AUGUST 9, 2022

In that case, a hotel filed a lawsuit against its insurer for refusing to cover hail-related roof damage under a commercial property insurance policy. Depending on the amount of your deductible, this means recovery could be impossible as a practical matter. Lowen Valley View, L.L.C.

Damage 78

Damage Claim Commercial Property Deductible 78

Protect Commercial Insurance

NOVEMBER 8, 2024

Types of Commercial Insurance When it comes to commercial insurance, there are several types you might need to consider depending on your business operations. – Liability Insurance: Covers your business in case of lawsuits due to injuries or damages caused as a result of business operations.

Commercial Insurance 52

Commercial Insurance Commercial Premium Deductible 52

Jackson & Jackson

APRIL 28, 2024

Mistake 2: Overlooking Additional Necessary Coverages Standard property insurance policies do not cover everything. Cheaper policies can come with higher deductibles, more exclusions, and lower coverage limits, which could cost more in the long run. How to Avoid It: Shop around and compare policies based on price and coverage.

Business Interruption 52

Business Interruption Out-Of-Pocket Expense Out-Of-Pocket Broker-Agent 52

Prof. Allan Manning

MARCH 11, 2024

All differences relating to the amount of such increase in site value shall forthwith be referred to the decision of two registered valuers; one to be appointed by each of the parties to this policy.

Building 130

Building Damage Premium Risk 130

Triple-I: Homeowners Insurance

APRIL 5, 2024

“The widespread damage incurred from Idalia last year highlighted the importance of being financially protected from catastrophic losses – and that includes having adequate levels of property insurance and flood coverage,” said Triple-I CEO Sean Kevelighan.

Damage 52

Damage Policy Auto Insurance Insurance Policy 52

Cover4LetProperty

OCTOBER 10, 2022

As with any security deposit, it needs to be returned – less any deductions that are agreed upon – to the tenant when the tenancy ends. Why do I need specialist let property insurance, rather than any other type of property insurance? What are let property insurance brokers? We’d be delighted to help.

Insurance 52

Insurance Insurer Insured Property Insurance 52

Property Insurance Centre

SEPTEMBER 25, 2024

If you have a low credit score, you may be considered a higher risk and could face higher insurance premiums as a result. By understanding these factors, you can take steps to reduce your insurance costs, such as choosing a higher deductible or improving the condition of your property.

Building 52

Building Insurance Insurer Insured 52

Protect Commercial Insurance

OCTOBER 25, 2024

Reflect on: – How much you can comfortably allocate from your business budget for insurance premiums. – Potential deductibles and what’s financially viable if you need to make a claim. It’s like finding a sweet spot—insurance that doesn’t overspend your resources but still offers peace of mind.

Business Insurance 52

Business Insurance Liability Insurance Liability Policy 52

Majesco

APRIL 11, 2024

These are still missed opportunities if insurers aren’t taking advantage of them, and they represent a large portion of the portfolio of commercial property insurers. Their standard coverage would go to customers that wish to cover their deductible. These opportunities are feasible in any business line.

Commercial Property 40

Commercial Property Risk Claim Deductible 40

Majesco

JANUARY 9, 2025

It is likely that most banks are underestimating their exposure to climate-related risk, just like many property insurers have underestimated their risk exposure. The convergence of insurance and banking around climate risk and the impact to property and businesses will drive a new view and focus on risk assessment.

Insurance 45

Insurance Insurer Insured Risk 45

Protect Commercial Insurance

MAY 30, 2024

In this article, we will explore different types of insurance coverage that can help safeguard your business from property damage, liability claims, cyber threats, and more. Let’s dive in and discover the insurance options that are essential for your business’s protection.

Cyber 52

Cyber Business Insurance Business Interruption Professional Liability Insurance 52

Rough Notes

APRIL 1, 2025

Product that addresses challenges of severe weather events gains traction By combining parametric with traditional property insurance, insurance professionals can offer clients a more robust risk management strategy .

Deductible 52

Deductible Property Insurance Risk Insurance 52