Distinguished

FEBRUARY 10, 2025

Whats Covered The policy covers a wide range of risks for direct physical damage, including fire and theft, under an all-risk policy structure with broad coverage. Specific hazards, typically on a location basis, may be restricted, like water damage for flood-prone areas or basement and first-floor storage.

Broker-Agent 52

Broker-Agent Insurer Insurance Insured 52

The Property Insurance Law Observer

MAY 21, 2024

On January 2, 2019, a real estate broker arrived at the house and discovered extensive water damage. It was later determined that the damage occurred when a second-floor radiator pipe had frozen and burst. Plaintiff, who had left for an extended vacation a month prior, notified Leatherstocking of the loss.

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Policy Damage Insurance Carrier Insurance Companies 130

Distinguished

MARCH 19, 2025

Mold & Water Damage are also major concerns; leaks or excessive moisture can lead to mold growth that poses health risks. What role can insurance brokers play in managing these challenges for their clients? Insurance brokers are key in bridging the gap between property maintenance and insurance coverage.

Building 52

Building Broker Damage Insurance Broker 52

Distinguished

AUGUST 5, 2024

These drawbacks include: No protections outside the home : If a collectible goes missing or is damaged while it is outside of your client’s home, like on the way to auction, then it may not be covered.  If your client owns a toy that is worth tens of thousands of dollars, they might not be reimbursed for the full cost should it get damaged. 

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Broker Insurer Insurance Insured 52

American Agents Alliance

JULY 17, 2024

Agents and brokers play important roles in the digital claims management process, from educating policyholders on loss mitigation to helping insureds file claims and work with their insurers. Insureds will likely need to upload documents to support their loss, like an inventory of damaged property or photos of the claimed loss.

Broker-Agent 52

Broker-Agent Broker Agents Claim 52

Protect Commercial Insurance

JANUARY 10, 2025

For brokers, establishing solid insurance referral partnerships can be the golden key to success. Lets explore how brokers can cultivate and maintain these successful partnerships, enriching their professional journey and enhancing their business growth. – Risk Mitigation : Collaborating provides a safety net. .

Building 52

Building Broker Commercial Property Insurer 52

Distinguished

MARCH 6, 2025

Along with this, mold and water damage often due to leaking pipes, poor ventilation, or roof damageposes serious health hazards if not promptly repaired. What role can insurance brokers play in managing these challenges for their clients? Pest infestations are also widespread. Another common problem is heat and hot water deficiencies.

Building 59

Building Damage Insurance Broker Underwriting 59

Distinguished

MARCH 21, 2025

Understanding these violationsfrom heating failures to structural hazardsis essential for insurance brokers advising property owners. Other issues include mold and water damage often due to unrepaired leaks or excessive moisturewhich can create an unhealthy environment. Insurance brokers are pivotal in this arena.

Building 52

Building Insurance Broker Broker Damage 52

Distinguished

FEBRUARY 24, 2025

However, for insurance brokers, the wide spectrum of restaurants represents both a challenge and an opportunity. Over-serving of alcohol: Restaurants can face legal and financial fallout if the alleged over-serving of a patron leads to property damage or a car accident. What Does Distinguisheds Restaurant Insurance Cover?

Liability 52

Liability Liability Insurance Insurer Insurance 52

Distinguished

MARCH 17, 2025

In New York City, housing code violations challenge property owners, tenants, and insurance brokers alike. Then we have mold and water damage , often stemming from persistent leaks and damp conditions in older buildings. What role can insurance brokers play in managing these challenges for their clients?

Broker 52

Broker Insurance Broker Building Underwriting 52

American Agents Alliance

OCTOBER 24, 2024

By Mark Robinson In July 2024, a significant class action lawsuit was filed against the California FAIR Plan, accusing the state’s fire insurance backstop of improperly denying smoke damage claims in violation of California Insurance Code Sections 2070 and 2071.

Damage 40

Damage Claim Broker-Agent Policyholder 40

Property Insurance Centre

FEBRUARY 24, 2025

From financial losses to reputational damage, legal battles, and even the risk of shutting down, the impact can be severe. Damage to Reputation and Customer Trust A liability claim can do more than drain your financesit can destroy your reputation. Looking for a quote now?

Liability 52

Liability Protection Claim Property Insurance 52

ProWriters

FEBRUARY 23, 2025

Insurers may exclude damages from politically motivated or state-sponsored attacks, interpreting them as “collateral damage” from a cyber war. As a result, interpretations can vary across different jurisdictions and contexts, leading to uncertainty about what types of cyber attacks the policy may or may not cover.

Cyber 53

Cyber Insurer Insurance Insured 53

ProWriters

SEPTEMBER 23, 2024

Watch Zane Goldthorp, our director of broker development, talk with broker Angelina Heckman about how we’re transforming EPL Insurance broking, and then read on for more information about this critical business coverage. Without it, they risk incurring substantial expenses in employment-related claims.

Out-Of-Pocket 92

Out-Of-Pocket Liability Insurance Carrier Policy 92

Risk Management Monitor

AUGUST 30, 2021

Striking on the same date that Hurricane Katrina devastated the region 16 years ago, Ida caused significant wind damage, storm surge and flooding in Louisiana and Mississippi and has left 1 million homes and businesses without power, including the entire city of New Orleans.

Risk 74

Risk Damage Building Business Interruption 74

Elmore

JANUARY 15, 2025

Unwise policies worsened the damage, and insurance squeeze, from wildfires The post The costly calamity in Los Angeles appeared first on Elmore Insurance Brokers.

Insurance Broker 52

Insurance Broker Damage Broker Policy 52

Elmore

JANUARY 22, 2025

Growing appreciation of the risks will cause wider damage to homeowners equity The post Climate risk is US housing markets neighbour from hell appeared first on Elmore Insurance Brokers.

Risk 52

Risk Insurance Broker Damage Broker 52

Elmore

NOVEMBER 25, 2024

Tenbury Wells overwhelmed as Storm Bert causes damage across the UK The post Calls to prioritise flood defences as West Midlands town hit again by storm appeared first on Elmore Insurance Brokers.

Insurance Broker 52

Insurance Broker Damage Broker Insurer 52

Property Insurance Centre

MARCH 11, 2025

Unoccupied flats pose risks like water damage and squatting, which insurers consider when pricing policies. Quick Audio Overview for Blocks of Flats Insurance If you’re insuring a block of flats in London, it’s best to work with a specialist broker who understands the city’s unique risks. Looking for a quote now?

Risk 52

Risk Insurer Insurance Insured 52

Elmore

JANUARY 16, 2025

Basel-based FSB says damage caused by floods, droughts and fires threatens broader pullback in lending The post Top financial watchdog warns climate change set to trigger market panics appeared first on Elmore Insurance Brokers.

Insurance Broker 52

Insurance Broker Damage Broker Insurer 52

Distinguished

OCTOBER 31, 2024

Notify your insurer and broker as soon as possible, detailing how, when, and where the loss occurred and what property may be damaged. Insurance companies often have resources that can be dispatched immediately to help mitigate the damages and prevent additional losses. Strategies for keeping people safe?

Protection 52

Protection Broker-Agent Inland Marine Broker 52

Distinguished

OCTOBER 15, 2024

This could be the contractor, developer, or property owner, depending on who stands to suffer a financial loss if the property is damaged during construction. In this case, the owner is covered for the physical damage to the property (e.g., damage to the structure under construction). We’ll get back to you with a quote.

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Policy Risk Broker-Agent Liability 52

Insurance Journal

OCTOBER 20, 2024

As if it were yesterday, I vividly remember going to my first catastrophic fire loss with my dad at the young age of nine. It was a house fire in Sarasota involving a resident falling asleep with a lit cigarette.

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Insurance Agent Insurance Agents Agents Claim 279

ProWriters

NOVEMBER 12, 2024

As a Cyber Insurance broker, you can do much to help healthcare clients safeguard sensitive information, reduce their risk of data breaches, and respond effectively should one take place. HIPAA breaches can also damage a healthcare organization’s reputation. Patients can find themselves vulnerable to financial and emotional distress.

Cyber 87

Cyber Liability Insurance Protection Liability 87

Property Insurance Centre

SEPTEMBER 11, 2024

Although some Purpose Built Flats Insurance policies will provide some cover to machinery and plant for material damage cover, they will not provide any assistance should the lift break down. Breakdown – Damage to any item of Plant caused by its own Breakdown.

Insurance Policy 52

Insurance Policy Policy Boiler and Machinery Insurer 52

Elmore

AUGUST 6, 2024

Avoid the car crash of expensive insurance and spurious damage claims on holiday this year The post Holiday car rental firms drive me round the bend appeared first on Elmore Insurance Brokers.

Insurance Broker 40

Insurance Broker Damage Broker Claim 40

Elmore

DECEMBER 21, 2024

Asset manager demands at least 27mn in damages after buying financial adviser platform from mutual The post M&G sues Royal London over client exposure to inappropriately risky investments appeared first on Elmore Insurance Brokers.

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Insurance Broker Damage Broker Insurer 40

Distinguished

OCTOBER 30, 2024

While Builder’s Risk policies for both types of projects offer similar coverage, such as insuring for damage to the structure from fire, theft, and other covered perils, there are important distinctions between residential and commercial coverage. Limits of up $20 million are available, depending on the construction type and state.

Commercial 52

Commercial Risk Broker-Agent Building 52

Protect Commercial Insurance

JULY 26, 2024

In this article, we will provide you with four essential tips to help you understand your coverage needs, find the best rates, review and update your policy regularly, and work with an experienced insurance broker. Property insurance can protect these assets from damage or loss due to fire, theft, or other covered perils.

Commercial 52

Commercial Insurance Broker General Liability Broker 52

Distinguished

AUGUST 7, 2024

Additionally, art and collectibles dealers who use sustainable crates and packing materials are eligible for additional coverage for loss or damage to reusable crates or packing materials. Brokers are welcome to submit business and view state availability on the Distinguished website.

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Broker-Agent Inland Marine Broker Agents 52

Jackson & Jackson

APRIL 30, 2024

Properties in high-risk zones for these disasters typically see higher insurance rates due to the increased likelihood of damage—especially the Brush Areas in California. Ask your Broker; they can map it beforehand. Quick emergency response times can reduce the extent of damage, lowering the risk for insurers.

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Commercial Property Property Insurance Commercial Crime 52

Distinguished

SEPTEMBER 10, 2024

This includes damages that arise from: Fires Theft Vandalism Weather events We are also proud to offer coverages beyond property damage for buildings, temporary structures, and building materials. If you want a quote for your client today, sign up with us and submit your business online through our Broker Portal.

Risk 52

Risk General Liability Broker-Agent Insurer 52

Distinguished

SEPTEMBER 25, 2024

Vandalism : Intentional damage to the job site by third parties, including things like broken glass or graffiti. Property damage : Damages to the building that is being constructed or renovated. Equipment : Covers damages to or theft of equipment used on the job site. Access our online Broker Portal.

Risk 52

Risk Broker-Agent Insurer Insurance 52

Jackson & Jackson

JANUARY 10, 2024

Property Damage : Traditional cyber policies typically don’t cover physical damage caused by cyber events. General Liability Insurance: to help cover claims your business caused property damage or bodily injury. Recognizing these gaps is critical to ensuring your technology company isn’t left vulnerable.

Liability Insurance 52

Liability Insurance Cyber Liability Property Damage 52

Distinguished

JANUARY 7, 2025

Protecting Valuables Against Direct Physical Damage We can provide coverage for common collectibles , including but not limited to fine art, sports memorabilia, entertainment memorabilia, wine and spirits, antiques and antique furniture, stamps, comics, books and manuscripts, coins, glass, and pottery.

Broker-Agent 52

Broker-Agent Inland Marine Damage Broker 52

Property Insurance Centre

JANUARY 16, 2025

Flood damage can include physical destruction of property, inventory loss, and business interruption costs, making insurance a vital component of risk management. Specialised policies may also cover: Debris Removal: Costs associated with clearing and disposing of flood-damaged materials.

Commercial 52

Commercial Commercial Property Insurer Insurance 52

Property Insurance Centre

OCTOBER 18, 2024

Rising Claims Due to Extreme Weather In 2023, UK insurers faced record-breaking claims from weather-related damage. According to the Association of British Insurers (ABI), claims related to flooding and storm damage reached £573 million in 2023, a 36% increase from the previous year​ Home | ABI.

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Property Insurance Premium Insurer Insurance 52