Rough Notes

NOVEMBER 1, 2024

A guide for agents and brokers on the peril, its impact, mitigation steps and response By Thomas Brocksmith As natural catastrophes go, hail probably isn’t at the top of the list of perils that keep most people up at night. Yet, every year, hail is the cause of damage to hundreds of thousands of properties […]

Broker-Agent 98

Broker-Agent Damage Broker Agents 98

Elmore

AUGUST 11, 2024

Start-ups, legacy groups and policymakers are working out how to operate in areas of rising weather risks The post The uninsurable world: rethinking how to cover for climate damage appeared first on Elmore Insurance Brokers.

Damage 52

Damage Insurance Broker Broker Risk 52

Distinguished

MAY 6, 2025

For brokers, understanding inland marine insurance isnt just beneficial; its a strategic advantage for serving clients with unique risks. This guarantees businesses arent left vulnerable to losses from theft, damage, or accidents. Brokers who understand these risks can proactively offer coverage that keeps businesses moving forward.

Inland Marine Insurance 40

Inland Marine Insurance Inland Marine Marine Insurer 40

Distinguished

APRIL 14, 2025

This guide breaks down why rare guitars need specialized coverage, what factors influence pricing, and how brokers like you can help your clients secure the right policy for their collectibles through Distinguished. Accidental damage : Guitars, especially old ones, can be fragile.

Insurer 52

Insurer Insurance Insured Policy 52

Simply Insurance

JUNE 12, 2025

An Open Peril Policy means your coverage will cover damage caused by anything other than items on the prohibited list. Property Damage Standard rental insurance includes this sort of coverage to repair or replace your property after a covered loss, such as fire, vandalism, or natural calamity. Who Should Buy Wyoming Rental Insurance?

Insurance Quotes 94

Insurance Quotes Life Insurance Insurer Insurance 94

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

Simply Insurance

JUNE 11, 2025

An Open Peril Policy means your coverage will cover damage caused by anything other than items on the prohibited list. Property Damage Standard rental insurance includes this sort of coverage to repair or replace your property after a covered loss, such as fire, vandalism, or natural calamity.

Insurance Quotes 86

Insurance Quotes Life Insurance Insurer Insurance 86

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

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

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.

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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. .

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Building Broker Commercial Property Commercial 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.

Policy 130

Policy Damage Insurance Carrier Insurance Companies 130

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 Policy 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.

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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 Underwriter 52

Simply Insurance

JUNE 10, 2025

An Open Peril Policy means your coverage will cover damage caused by anything other than items on the prohibited list. Property Damage Standard rental insurance includes this sort of coverage to repair or replace your property after a covered loss, such as fire, vandalism, or natural calamity. Who Should Buy Maryland Rental Insurance?

Insurance Quotes 72

Insurance Quotes Life Insurance Insurer Insurance 72

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.

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Cyber Insurer Insurance Insured 53

Property Insurance Centre

MAY 19, 2025

Standard Perils can include cover for Fire, Lightning, Earthquake, Aircraft, Explosion, Theft, Malicious Damage, Storm, Flood, Riot, Civil Commotion, Escape of Water, Impact (by falling trees, vehicles or animals, Subsidence, Landslip or Heave. This will mean you are insured for insurers determine is a sudden or unforeseen event.

Commercial Property 52

Commercial Property Commercial Insurer Insurance 52

Simply Insurance

JUNE 10, 2025

An Open Peril Policy means your coverage will cover damage caused by anything other than items on the prohibited list. Property Damage Standard rental insurance includes this sort of coverage to repair or replace your property after a covered loss, such as fire, vandalism, or natural calamity. Who Should Buy Louisiana Rental Insurance?

Insurance Quotes 64

Insurance Quotes Life Insurance Insurer Insurance 64

AMAXX

MAY 27, 2025

The carrier, the TPA, the broker, the doctorstheyre all supposed to handle it, right? Believing Workers Comp Is Just a Cost of Doing Business This mindset is perhaps the most damaging. You should consult with your insurance broker, attorney, or qualified professional. Everyone in the system ultimately works for the employer.

Workers Comp 59

Workers Comp Workers Compensation Injury Claim 59

American Agents Alliance

MAY 26, 2025

Indirect costs, such as business interruption losses, downtime, legal expenses, reputational damage, and others, can be even more expensive than the original loss. Educate policyholders about the hidden costs of risk. Insurance is just one part of the total cost of risk. Many policyholders do not consider these hidden costs. Register now.

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Agents Risk Policyholder Broker-Agent 52

Property Insurance Centre

JUNE 5, 2025

Standard Perils can include cover for Fire, Lightning, earthquakes, Aircraft, Explosion, Theft, Malicious Damage, Storm, Flood, Riot, Civil Commotion, Escape of Water, Impact (by falling trees, vehicles or animals), Subsidence, Landslip or Heave. This will mean you are insured for what insurers determine is a sudden or unforeseen event.

Insurer 52

Insurer Insurance Insured Policy 52

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

Simply Insurance

JUNE 11, 2025

An Open Peril Policy means your coverage will cover damage caused by anything other than items on the prohibited list. Property Damage Standard rental insurance includes this sort of coverage to repair or replace your property after a covered loss, such as fire, vandalism, or natural calamity. Who Should Buy Wisconsin Rental Insurance?

Insurance Quotes 59

Insurance Quotes Life Insurance Insurer Insurance 59

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.

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Risk Damage Building Business Interruption 74

Distinguished

MAY 29, 2025

Whether its theft, problems with an unattended vehicle, or an accident involving a dropped crate, knowing about potential hazards during shipment can prevent avoidable damage. During shipment to their home, it was damaged beyond repair. Each step opens up new opportunities for damage if precautions arent taken.

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Risk Insurer Insurance Insured 52

Simply Insurance

JUNE 9, 2025

Property Damage Standard rental insurance includes this sort of coverage to repair or replace your property after a covered loss, such as fire, vandalism, or natural calamity. It is important to note that your homeowners policy will most likely not cover any losses or damages caused by you or your renters.

Insurance Quotes 59

Insurance Quotes Life Insurance Workers Comp License 59

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

AMAXX

MAY 6, 2025

Click Link to Access Free PDF Download “4-Step Sequence For Effective Employee Screening, Hiring, & Placement” That figure includes: Lost productivity Increased supervision time Wasted recruiting and onboarding costs Reputational damage And, crucially, increased risk of injury and workers comp claims The U.S.

Workers Comp 85

Workers Comp Risk Injury Workers Compensation 85

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 Insurance 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?

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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 Insurance 52

Simply Insurance

JUNE 12, 2025

An Open Peril Policy means your coverage will cover damage caused by anything other than items on the prohibited list. Property Damage Standard rental insurance includes this sort of coverage to repair or replace your property after a covered loss, such as fire, vandalism, or natural calamity.

Insurance Quotes 52

Insurance Quotes Life Insurance Insurer Insurance 52