Remove Broker-Agent Remove Crime Remove Premium
article thumbnail

Landlord Insurance in Chicago, Illinois: Everything Brokers and Property Owners Need to Know

Distinguished

For brokers and agents, understanding landlord insurance in Chicago is crucial for helping clients safeguard their investments while expanding business opportunities. Crime insurance: Safeguards against theft, fraud, and vandalism. Quick approvals: Streamlined application process for brokers and landlords.

Broker 52
article thumbnail

The Impact of Location on Commercial Property Insurance Rates

Jackson & Jackson

Understanding Location-Based Risk Factors Location plays a pivotal role in determining insurance premiums for commercial properties. Ask your Broker; they can map it beforehand. Strategy for Investors: Check local crime statistics as part of your due diligence when purchasing property.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why and How Your Zip Code Affects What You’ll Pay for Car Insurance

Freeway Insurance

Insurance companies take into account things like traffic, crime, frequency of accidents and even the weather. So if you live in a city with a lot of traffic or in an area with more crime, your insurance may cost more than if you live in a quieter, safer place. But that’s only for starters.

Crime 52
article thumbnail

Builder’s Risk Insurance in Alabama: A Broker’s Guide 

Distinguished

However, every project is different, so underwriters will determine the final cost of a policy based on the following factors: Location : Construction sites near bodies of water, in higher crime areas, or that include some other unique risk factor would increase the cost of the policy. Sign in to our Broker Portal. Register with us.

Risk 52
article thumbnail

Block of Flats Insurance Glossary of Terms

Property Insurance Centre

lawns, trees, plants) Movable items within the building (these may be covered under contents insurance) Maintenance and cleaning services Considerations for Insurance Coverage Usage : The purpose for which the building is used (residential, commercial, industrial) can affect the insurance terms and premiums.

article thumbnail

Hotel Insurance Costs and Coverages for Brokers

Distinguished

Robbery and Assaults Hotels are meant to be safe havens for travelers, but like any public space, they can also be targets for violent crime. Crimes like this dont just impact individuals. A property with a significant loss history will also see higher GL premiums. Amenities need to be considered as well.

Broker 52
article thumbnail

Antique Duck Decoys: How to Insure and Value a Collection

Distinguished

In short, their value is highly subjective and requires expertise and connections beyond most insurance agents or brokers. Security measures: Collections stored in locations with advanced security systems, climate control, and proper humidity management may qualify for lower premiums. Ready to get started?