Some people might think renting out a room in their house through a vacation rental site like Airbnb or Vrbo is a great way to make some extra money. What they might not be thinking about is that a typical homeowners policy doesn’t provide coverage for t
An agency is getting regular requests from homeowners associations (HOAs) to list the HOA as an additional insured on its tenants’ renters insurance policies. However, the carriers will only list the HOAs as certificate holders or additional interests.
A client is purchasing half of a duplex to rent on a long-term lease. The underwriter says that coverage should be written on an HO3 policy with an endorsement providing coverage for rental to others.
The latest driving behavior survey from Nationwide revealed that both personal auto and commercial drivers partake in risky behaviors that impact all drivers on the road.
In addition to $65 billion in CAT losses, AM Best analysts also said both economic and social inflation played large roles in property & casualty losses.
Affluent homeowners face issues because of an aggregation of high-value homes in areas that are becoming riskier due to changing weather patterns.
Which policy would a couple living in a retirement community need to cover their improvements? Would it also cover their golf cart?
As auto insurance shopping rates rose during the fourth quarter of 2023, carrier retention rates dropped.
While the hard market has cut deep into nearly every insurance market, the scale and magnitude of its impact on the bread and butter of personal lines has turned what was once a simple product into a nightmare.
“To me, it seems to be at the center of insuring families,” says independent agent Billy Wagner. “Our goal wasn’t just to sell policies but to facilitate informed purchasing decisions through education and simplification.”