Sometimes, policies with this endorsement are the only ones available to clients, including those with high-value historic homes. What is an appropriate disclaimer to explain this?
For agents and brokers serving high-net worth clients, 2025 will be about more than just managing policies—the evolving market demands adaptability and a forward-looking perspective.
How do you explain how a wind or hail buyback policy works? And is a deductible applied to these types of policies?
2025 is set to be a year of significant change with shifting markets and evolving weather patterns, making it more important than ever to ensure your homeowner clients are adequately protected.
“More personalized coverage will be key future trends in the industry,” says independent agent Jon Ross. “We are also seeing a shift to the customer taking on more of the risk with higher deductibles or endorsements to buy coverage at set limits.”
As we head into a new year, there’s no better time to equip producers with foundational insurance industry knowledge and concepts.
Hurricanes Helene and Milton made it clear that hurricanes, storms and floods can happen anywhere and anytime and are not limited to the coast.
To manage premium increases, 50% of agents suggested that clients move jewelry coverage from their homeowners policy to a standalone jewelry policy, according to a BriteCo survey.
A landlord’s property management firm wants to be added as an additional insured to the policy, but the carrier requires that the property manager is listed on the deed.
Andrews shares her journey from an internship with Nationwide to leading her family’s agency through the highs and lows of the California insurance landscape.
