Distinguished

MARCH 20, 2025

These include $1 million in personal liability, coverage for personal contents, inland marine for scheduled valuables, and additional living expenses. TIV (total insurable value): Higher replacement costs for the building and covered property directly increase the premium. We prioritize human insights over automation.

Building 52

Building Protection Damage Liability 52

Distinguished

SEPTEMBER 17, 2024

If we are comfortable with our exposure, we may consider increasing the AOP deductible and the theft deductible , depending on the underwriting analysis. Are there any emerging trends in the construction industry that are impacting builder’s risk underwriting? We bound the policy for a six-month term, and the premium was $1,300.

Risk 52

Risk Broker-Agent Deductible Insurance 52

Distinguished

AUGUST 12, 2024

When determining the end price of a policy, our underwriters will look at a number of factors that can influence whether the final premium will be closer to 1% or 5% of the total project cost. Expertise : Our underwriters have been insuring Builder’s Risk projects for years. In most cases, you’ll get a quote back instantly.

Risk 52

Risk Broker-Agent Insurance Insurer 52

Distinguished

AUGUST 5, 2024

Affects homeowner premiums : If a claim needs to be made for one of your clients’ toys, that claim could lead to increased premiums on their homeowner’s insurance, a financial burden that may not be worth the claim. For all of these reasons, a specialized collectibles policy is the smarter choice for more serious collectors. 

Broker 52

Broker Insurance Insurer Insured 52

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 Insurance 52

Distinguished

JULY 22, 2024

At Distinguished Programs, our specialty fine art and collectibles insurance offers several key advantages over relying solely on homeowners insurance: Doesn’t Affect Homeowner Premiums : If your client needs to file a claim, it won’t impact their homeowner’s insurance premiums.

Insurance 52

Insurance Insurer Insured Policy 52

Distinguished

SEPTEMBER 25, 2024

Soft costs : Additional expenses caused by a covered claim that are not related to building materials, equipment, or other hard costs; these soft costs could include additional reinspection fees, increased tax burdens, and insurance premiums. Materials : The loss of building materials that are on the site or in transit between covered sites.

Risk 52

Risk Broker-Agent Insurance Insurer 52