Builders risk coverage is a necessity for new construction, remodeling or renovation. Your knowledge of the coverage provided, extensions and exclusions is crucial to protect your client and your agency.
The first admitted parametric tornado disaster benefit insurance for homeowners covers up to $15,000 to help pay for immediate out-of-pocket costs and the homeowners insurance deductible.
If a client with an HO6 policy leaves his bathtub on and it overflows and damages the unit below, how is the damage covered?
The projection is worse than the 102.2 combined ratio predicted earlier this year, according to projections by the Insurance Information Institute and Milliman.
A delivery driver had an accident while running an errand for his employer in his personal auto, but his carrier has denied the claim based on the public or livery exclusion.
A mound system drain field failed, but the carrier denied the claim because piping wasn’t damaged.
AM Best downgraded 32 property & casualty companies’ credit ratings in the first half of 2023, including 21 personal lines insurers.
In the current hard market environment, independent agents are proactively shopping ahead for their clients more than they have in the past.
For independent agents, selling life insurance has traditionally involved more effort than other lines of business, but today the life insurance market is ripe with opportunity.
An estimated 39 million U.S. homes are underinsured compared to the risk they actually face from weather events, such as hurricanes, wildfires and floods, according to the First Street Foundation.
