Personal lines insurance is designed to protect homes and valuable personal assets in the case of unexpected events. We uncover the various types of risk exposures homeowners can face and how this coverage allows owners to swiftly recoup their financial losses.
Imagine waking up to a world where safety boundaries have shifted overnight. Homes that are standing firmly on dry ground are now reclassified into high-risk flood zones. Streets that have never seen a drop of standing water are suddenly part of a floodplain. This...
Insuring high-value homes with unique risks can be daunting for insurance agents relying solely on standard insurance carriers, as they often avoid challenging homeowners risks. The solution? Surplus lines insurance. It can be an agent’s best secret weapon, serving as...
In today's market, agents may find themselves delivering bad news to clients renewing their homeowner's insurance. As labor costs, construction material prices, and inflation continue to rise, carriers are responding with higher premiums. In fact, some experts say...
Unlike other businesses in the travel and hospitality sectors, during COVID, the superyacht market reached record-high demand and sales. Though the pandemic is behind us, the future of the superyacht industry continues to look bright. Globally, it brought in $10.29...
2020 changed the landscape of the insurance world. The COVID-19 pandemic, domestic and global unrest, supply chain disruptions, and a litany of weather-related catastrophes took their toll on the property and casualty markets, as well as personal lines coverage....
A new year marks a new beginning, with hope, anticipation, and curiosity for what the coming months may bring. And in a dynamic industry like insurance, you never know with absolute certainty what might be just beyond the horizon. Stepping into 2024, we asked Â鶹·ÅÓ³Ãâ·Ñ’s...
Water damage is one of the most common causes of insurance loss claims. The Insurance Information Institute estimates that 1 in 60 insured homes will experience an insurance claim related to water damage or freezing, with an average claim loss of $12,514. Â Despite the...
The global collectibles market was valued at around $372 billion in 2020, and it's expected to keep growing steadily at a rate of 7 percent from 2021 to 2028.As a subcategory of collectible items, luxury collectibles are setting record-breaking prices, and are leading...
Private collections, whether they comprise rare art pieces, vintage cars, exquisite jewelry, or other unique treasures, hold immense value not only in terms of monetary worth but also in sentimental value. As insurance agents, understanding the nuances of insuring...
In the insurance world, high-net-worth individuals often possess unique needs and assets that require specialized coverage. One area that stands out is Excess and Surplus (E&S) insurance, particularly when protecting multi-million-dollar homes. As the value of...
Whether floods arise due to severe weather from natural disasters or from backed-up plumbing or broken pipes, homeowners don't always understand the risks associated with flooding or the need for flood insurance. In particular, many homeowners may think flood damage...
An insurance agent needs to be able to identify the best policy for a client and ensure they have all the coverage they require. If they don’t read the fine print closely or gather enough information about the client’s risks, the client could end up with gaps in their...
From wildfires to hurricanes, weather-related disasters are tallying unprecedented losses. Here's how climate change is impacting insurance coverage.
WHITE PAPER | Q3 2022 | 17 MINUTES
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