Personal Lines

COVID-19 is a major health concern that is causing quite the economic downfall. In life insurance, major changes are expected in the coming months.

When it comes to homeowners insurance changes, “you will see coverage being reduced and added back in for a price,” says independent agent Brian Stauffenberg. “Premiums are increasing hand-in-hand with wind and hail claims.”

Here are three takeaways on how the coronavirus pandemic is impacting the home insurance industry.

As coronavirus forced homeowners to stay indoors and at home, it added yet another layer of complications to homeowners coverage among already complex home-usage patterns.

One lesson learned from the global coronavirus pandemic is that our homes are a place of refuge. And now more than ever, keeping homes safe and maintained is critical to our security and comfort.

In the past few years, the homeowners market has been dealing with the effect of some of the costliest hail events ever, multiple hurricanes, unexpected tornadoes, wildfires and a global pandemic.

What do most popular homeowner insurance claims have in common? Answer: They’re preventable, with preparation and client engagement.

The Insurance Business America’s Broker Connect virtual event on cyber issues is set to be held tomorrow and will focus on trends facing the insurance industry during the coronavirus pandemic.

Mary Sladek and her team build strong relationships with real estate brokerages, mortgage companies and banks and are able to work exclusively by referral. The team agrees that being an all-female agency has distinct advantages.