article thumbnail

What is a Loss History Report?

TGS

fire, water damage, theft), amount paid, and current claim status. Insurance companies rely on these reports to assess risk when underwriting a new policy. The most common report is the Comprehensive Loss Underwriting Exchange (C.L.U.E.) This report includes: Claim Details Dates of past claims, type of loss (e.g.,

Claim 52
article thumbnail

Restaurant Insurance in Charlotte, North Carolina: A Broker’s Guide

Distinguished

Theft or vandalism: Restaurants can be common sites of burglary or vandalism, which can not only turn off customers but also lead to pricey repair bills. Key coverages we offer include: Property insurance: Protection for buildings, equipment, and inventory against fire, theft, and natural disasters.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Collectible Guitar Insurance: A Complete Guide

Distinguished

Transit-related risks : Whether traveling for appraisals, exhibitions, or repairs, rare guitars face an increased risk of loss, theft, or damage and many policies wont cover transit losses. Comprehensive protection: Coverage includes theft, disappearance, accidental damage, fire, water damage, and natural disasters.

article thumbnail

Becoming a Cyber Insurance Leader

Zywave

According to a report by the Identify Theft Resource Center , in 2023 there were over 3,000 publicly reported data compromises, impacting over 350 million people. That represents a 72% increase over the year before. That’s where Cyber OverVue comes in.

Cyber 97
article thumbnail

Insurance for Apartment Building Owners: Protecting Your Client’s Investments With the Right Coverage

Distinguished

Crime insurance : Protects against financial losses caused by theft, burglary, or employee dishonesty, covering stolen money, securities, or property. Human underwriting : Our underwriters assess your risks through discussion, not just algorithms. However, we can give you an idea of what will influence the costs of a policy.

article thumbnail

Landlord Insurance in Chicago, Illinois: Everything Brokers and Property Owners Need to Know

Distinguished

Crime insurance: Safeguards against theft, fraud, and vandalism. Distinguished provides brokers and their clients with comprehensive insurance solutions and a streamlined process, offering benefits including: Expert underwriting team: Helping brokers and landlords secure the right coverage based on property type and risk factors.

Broker 52
article thumbnail

Protecting Fine Art, Collectibles in California

Distinguished

Unlike competitors retreating from the market due to aggregation risks, our Fine Art and Collectibles insurance program brings fresh capacity and a willingness to underwrite policies tailored to Californias unique challenges. Wildfire coverage is included under our Fine Art and Collectibles program based on underwriting.