Is Providing a Replacement Cost Estimate to Lenders an E&O Exposure?
Mortgage lenders are requiring agents to supply a replacement cost estimate (RCE) for refinance closings. Is this something the agents should be doing?
Homeowners
Perfect Storm Creates ‘Hardest Market Cycle in a Generation’
Rising economic and social inflation, supply chain constraints, catastrophic weather driving up losses, and historic cost increases for reinsurance has led to significant pressure on the property-casualty industry.
‘Worrying Sign’ as Homeowners Repair, Claim Times Increase but Digital Usage Declines
Severe events, inflation and supply chain-related concerns coupled with the strain on digital tools has led to increased dissatisfaction among homeowner clients.
Spring Cleaning: 6 Ways to Help Homeowners Prevent Losses
Agents can help clients understand that spring isn’t just a time to prepare their home for the season ahead, it’s also a time to check for damage done during the winter months before it becomes an insurance claim.
Only 9% of Homeowners Adjusted Limits for Inflation, Supply Costs
While construction costs on single-family homes were up nearly 17% in 2022, 56% of homeowners have not reviewed their homeowners policy in the last year.
The Forecast for Solar Panels and Homeowners Insurance
More and more homeowners may be considering making the change to powering their homes with solar panels. But what does that mean for homeowners insurance?
AIG to Form Independent MGA to Serve High Net-Worth Markets
AIG’s Private Client Group (PCG) business will move to this new independent platform and be rebranded as Private Client Select Insurance Services (PCS).
Only 2% of California Homeowners Have Flood Insurance
As the recent string of storms and flooding on the West Coast have likely hit property owners with unmitigated costs, many Americans mistakenly believe they are covered against floods, according to Neptune Flood.
4 Steps to Make Sure Homeowners Have the Right Type of Insurance
Over half (59%) of homeowners are concerned their insurance coverage is insufficient due to inflation and rising replacement costs.
Can HO6 Loss Assessment Coverage Be Applied to Condo Owners’ Deductibles?
A senior living condo community in Florida with a homeowners association (HOA) increased its hurricane deductible to 5% and passed the deductible back to the individual owners, who are now responsible for the roofs.
