Personal Lines

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.”

Volatility is making it harder for agents to find coverage for their customers, whose demand has increased as awareness of large jury verdicts grows.

After a tumultuous few years, top industry analysts have weighed in with their predictions on what’s in store for the insurance industry in 2025.

​As we head into a new year, there’s no better time to equip producers with foundational insurance industry knowledge and concepts.

Regular attention must be paid to keeping underlying coverages in place without any gaps, offering higher umbrella limits and recommending uninsured motorist/underinsured motorist coverage.

Over the past couple of years, awareness of an increasingly litigious environment has been a key factor leading to increased demand for personal umbrella coverage. However, significant growth has been stymied by premium increases and reductions in coverages and capacity—hallmarks of the hard market—leading to upheaval in the personal umbrella market. “The personal umbrella insurance market has…

From themed weddings that pay homage to a couple’s favorite TV show to adventure weddings that include hiking, the world of weddings continues to evolve and the special events insurance market has taken notice.