Archive for March 2021
Report Accurate Property Values to your Underwriter
“We are usually aware if values are under reported and rates are adjusted upward to reach needed premium level”. – Senior Underwriter Periodically we have discussions with underwriters. Recently they indicated a ground-swell of concern over inaccurate property values. Not over or under, but inaccurate. Property values are used to set premiums and measure risk exposures, such as MFLs. When…
Read MoreAre your property limits adequate or are you mis-insured?
The hard property market for the past few years has had a huge impact on the terms and conditions of property policies. Higher premiums generally get most of the headlines, along with larger deductibles, but behind that, insurers are examining their book of business and exposures, and hence have cut back on their capacity offerings,…
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