Claim

/Tag:Claim

To Claim or Not to Claim: How Can Claims Affect My Renewal

By | October 30th, 2015|Commercial Insurance|

I am often asked by my clients, “How do I know when a loss is worth making an insurance claim?” To begin to answer this question, let’s look at how the commercial insurance industry reflects on property claims and your renewal rates. As a note, remember that there is a subjective nature to the renewal process, rates and, as well, market conditions can play a role. Insurance Loss Ratio: Premium Dollars Earned Vs. Claims Dollars [...]

Co-Insurance: When Your Insurance Won’t Pay

By | August 18th, 2015|Commercial Insurance, Small Business Insurance|

Do You Know How Much Your Insurance Policy Will Not Pay? Learning About When Co-Insurance Kicks In for You When reviewing your property insurance, there are few subjects more difficult to understand than the co-insurance requirements. Still they are found in virtually every insurance policy providing property insurance coverage. A universal premise of property insurance is the obligation to insure to value - that is, the worth of what is being insured. If an insurance [...]