Reconstruction Costs Accelerated 5.2% Year-Over-Year
Both residential and commercial property saw total reconstruction costs increase from July 2023 to July 2024.
Homeowners
Tree Damage to Roof: When Does Debris Removal Sublimit Apply?
After trees fell on an insured’s roof during a windstorm, the carrier is limiting payment to remove the trees from the roof to the $1,000 sublimit under Section 1—Additional Property Coverages for Debris Removal.
Property Value Estimator: Who Is Liable for Underinsured Homeowners Claim?
If an agency uses a carrier’s property cost estimator evaluation tool to come up with a valuation on a risk, who is liable if the risk is underinsured?
Property Value Estimator: Who Is Liable for Underinsured Homeowners Claim?
If an agency uses a carrier’s property cost estimator evaluation tool to come up with a valuation on a risk, who is liable if the risk is underinsured?
What’s the Difference Between Insuring a Condo and a Townhouse?
Can townhouse exteriors be insured by each owner, with the homeowners association (HOA) insuring common areas?
From the Front Lines: Homeowners
“Inflation isn’t sparing the housing market, pushing up prices for homes and everything within them,” says independent agent Jake Sparrenberger. “Couple that with the rising frequency and severity of storms, and insurance companies find themselves footing
4 Tips to Help Multifamily Property Owners Mitigate Hurricane Risks
With hurricane season underway, now is the time for agents to work with community owners in hurricane-prone areas to assess their exposures.
Most Americans Do Not Fully Understand Their Insurance Coverage
The Trusted Choice® survey revealed that while most U.S. insurance consumers don’t fully understand the policies they have purchased, 86% believe they do.
3 Safety Tips Agents Should Offer to Short-Term Rental Hosts
For hosts of Airbnb and Vrbo properties, there are options that an independent insurance agent can offer, as well as numerous tips agents should relay to their clients to avoid a claim.
The 1990s Are Classic: Protecting Modern Collector Cars
The ‘90s have officially achieved classic status.
