Remove Damage Remove Financial Loss Remove Insurance Carrier
article thumbnail

When No One’s Home: Understanding Roleof Vacancy Insurance

Triple-I: Homeowners Insurance

Without anyone home to detect the issue, water had leaked for days possibly weeks causing severe damage to ceilings, walls, flooring, heating and electrical systems. Unfortunately, their standard homeowners insurance policy excluded coverage due to a vacancy clause, which had been triggered by the home’s unoccupied status.

Theft 71
article thumbnail

How to Read Homeowners Insurance Quotes

TGS

TGS Insurance » Blog What Is a Homeowners Insurance Quote? A homeowners insurance quote is the proposed amount that you would pay an insurance carrier to cover your home. The quote will be based on many factors, including your home’s age, building features, location and size, as well as your insurance score.

Insiders

Sign Up for our Newsletter

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

article thumbnail

E&O vs. EPLI: What Coverage Do Your Clients Need?

ProWriters

Coverage of settlements or judgments awarded against the insured. Coverage of claims made by third parties who suffer financial losses due to the insured’s actions. In carrying E&O Insurance, professionals demonstrate they’re willing to take financial responsibility for any errors or omissions that may occur.

article thumbnail

Emerging Property Insurance Trends 2024

Property Insurance Centre

Weather Conditions and Natural Disasters Since 1980, there have been 360 weather- and climate-related natural catastrophes , resulting in damages and costs of over $2.57 The frequency and severity of storms have been increasing, leading to higher property losses from tropical storms, wildfires, snowstorms, and flooding.