Across the country, commercial property rates are on the rise as insurers are forced to contend with a rise of natural disasters, social unrest and the COVID-19 pandemic. In addition to these tumultuous times, insurance companies have become stricter with their underwriting by restricting some coverages and excluding risks that have been covered in the past. While it might seem like the rates … [Read more...]
Freight Brokers and Insurance for Business Owners
Freight broker insurance coverage is complicated in that it appears to involve several different forms of insurance at once. Freight brokers are taking on a great deal of risk, and they truly need a lot of coverage in order to prevent costly disasters. The size of Freight brokers' operations can vary greatly. Some of them are large companies that span several continents. Others only have a few … [Read more...]
What You Need to Know About Property Cost Evaluation
What is Property Cost Evaluation? Property cost evaluation refers to the appraisal of residential and commercial properties. Commercial property cost evaluations are similar to residential property cost evaluations. Commercial evaluations are frequently used as an alternative to appraisals for commercial properties. A commercial evaluation is ideal when a loan amount of $250,000 or less is … [Read more...]
What Is Needed to Insure a New Home?
When a person purchases a new home, of course, they will need to arrange their insurance. Many times the buyer will forward the copy of the market sheet from the real estate listing and assume that is all that is needed by the insurance company. While this will provide a good bit of information, more will be needed. The insurance company will want to know all of the details of the property. … [Read more...]
