Robert Jones’ Post

Our next #SuccessStory is about a landlord of an industrial building that experienced a sharp increase of 42% at renewal... Their current broker didn't explain the current state of the property market in California nor did they provide a marketing summary to show why their insurer was still their best option despite the increase. After we reviewed their policy, we found that Ordinance or Law - Undamaged Portion of the Building was not covered. This was a potential gap of $1,000,000+ that could have been covered for only an additional $139. They were with the right insurance company, but with the wrong insurance broker. Right horse, wrong jockey. After we became their broker on their current policy, we provided a marketing summary to show that their current insurer was still their best option, and we discussed several other considerations like increasing the deductible, increasing business income limit, and increasing sewer or drain backup coverages. After the changes, the insured may have paid a little more, but they were happy to do so for the confidence they now have in their insurance program. The above story is a great example of our #TotalRiskApproach #process and evidences what an insurance advisor can do for you when insurance is not treated like a commodity. #insurance #commercialinsurance #riskmanagement #realestate #lessorsrisk

This article is a good read into what is happening in the California insurance marketplace. It is focused on homeowners but the impact is seen across residential and commercial property. “It’s really a tale of two states,” said Michael Soller, a spokesperson for the state Department of Insurance. If you are an owner, say, in the San Fernando Valley, you likely still have many insurance companies from which to buy a policy. But if you live in what is called the “wildland urban interface” — a hillside, canyon or other neighborhood close to nature — your options are likely limited and costly, if you can even get a policy. That has forced thousands of homeowners into the California FAIR Plan, an insurer of last resort funded by the industry that offers policies with limited coverage. https://shorturl.at/jkwT4 Call us, if you find yourself being non-renewed and/or have a policy coming up for renewal, at (800)583-2787. Stay proactive and give yourself as much time as possible to replace your policies. #property #insurance #homeowners #commercial #insurenex #teaminsurenex

💜LISTED PROPERTY INSURANCE QUOTES💜 ✨ Do you have clients/friends that own listed properties? If the answer is yes, contact us for a quote! Reasons to use us - ✨We are part of Howden, the new name for Aston Lark, a trusted broker. ✨ We have a team of specialists that deal with listed properties (we are able to quote non-listed properties too). ✨ We have a binder scheme which includes additional benefits for listed home owners. ✨ We have access to trusted insurers within the insurance market. ✨ We are leading the way to ensure our clients are not under insured and will challenge figures being provided to ensure they are accurate. ✨ We are reliable, friendly and will always put our customers first. ✨ No risk is too big or too small for us to consider quoting. ✨ No risk is too obscure. We love a challenge and if you aren’t sure if something is quotable, give us a call to check. ✨ We have received a ‘Gold Trusted Service Award’ from Feefo, with a rating of 4.9 out of 5 (incredible, we know). There are many other benefits to using us, however, you will need to call us to find out the rest. We are available - Monday to Friday, 9am to 5pm. Abode Insurance www.abode-insurance.com We look forward to supporting you/your clients in the future 💜 Andy Duarte Emma Ralph Jim Sales Cert CII Julie Talbot Elizabeth Wilson Pamela Bremner Vikki Rushbrook Maxine Maloney Steve Hook #household #insurance #listed #quotes #abode #trusted #reliable #howden

🏢✨ Excited to share a recent Commercial Property Owners Insurance success story! 🎉 Renewal Premium with the existing broker - £12,500 Quoted Premium with Tower Insurance Brokers - £9,800 Premium Saving - £2,700 (21.6%) Just closed a fantastic deal for one of our valued leisure clients who had always placed their Property Owners Insurance, for their estate let to a Riding School and Bed & Breakfast, with their previous broker for over 5 years. Despite their longstanding relationship, upon reviewing their policy, we discovered significant gaps in coverage and a messy situation that needed immediate attention. 🔍 After careful review, full and complete fact find and engagement with specialist underwriters, we managed to: 💪 Plug gaps in cover missed by their other broker 🌟 Enhance existing covers ✅ Reduce excesses 👍 Provide superior service and expertise 💷 Premium saving 📉 Reduce the premium finance interest rate #InsuranceSuccess #CommercialInsurance #TailoredSolutions #RiskManagement #ClientSatisfaction #Savings #PropertyOwnersPolicy

Securing the right insurance for your buy-to-let property is crucial to protect your investment. Here's a breakdown of the key insurance types you might need: Landlord Insurance: This is the cornerstone for buy-to-let properties. It typically covers the building's structure, any contents you provide (if it's a furnished property), and may include liability coverage. It helps safeguard your investment against risks like fire, flood, and theft. Rent Guarantee Insurance: Considered as an extra layer of protection, Rent Guarantee Insurance can be beneficial. It provides coverage in case your tenant struggles with rental payments, offering financial peace of mind amidst the uncertainties of the rental market. Public Liability Insurance: This type of insurance covers you against claims made by third parties for injury or damage to their property while on your rental premises. It's a valuable addition to protect against potential legal liabilities. Contents Insurance (if applicable): If your property is furnished, contents insurance can cover the items you provide, such as furniture, appliances, or other valuables. This can be separate or included in your landlord insurance policy. Before finalising any insurance, it pays to carefully read the policy terms and conditions, and consider your property's specific needs. Each property is unique, and tailoring your insurance to its characteristics is key. #BuyToLetInsurance #LandlordTips #InvestaFinance

Navigating the Current Landscape of Property Insurance Rates In the ever-evolving world of property insurance, staying informed about the latest rate changes is crucial for homeowners and businesses alike. As we delve into 2024, it’s clear that the industry is experiencing a significant shift. Recent analyses indicate that the average annual cost of homeowners insurance in the U.S. is now $2,777, reflecting a policy with $300,000 in dwelling coverage and liability with a $1,000 deductibleAd1. It’s important to note that these rates can vary widely by state and other individual factors. For those seeking comprehensive coverage, it’s observed that the price for similar coverage can vary drastically among insurers. For instance, average rates show a cost increase of 32% from $350,000 to $500,000 in dwelling coverage and a 41% cost increase going from $500,000 to $750,000 in coverage. As we navigate these changes, it’s essential to compare quotes and understand the factors that influence these rates. Whether you’re a homeowner or a business owner, being proactive in reviewing your policy can lead to substantial savings and ensure that you’re adequately protected. Stay ahead of the curve by consulting with insurance experts who can guide you through this complex landscape. Remember, the right coverage at the right price is not just a necessity—it’s an investment in your peace of mind. #PropertyInsurance #HomeownersInsurance #InsuranceRates #FinancialPlanning

👍This is the 7th post in my series: #HeadsUp Commercial Property Insurance is exactly what it sounds like. That’s right; it’s property insurance for your commercial building. Not so fast! There is more to it than that. Depending on your policy, here are a few things to know about Commercial Property Insurance: 🏢 Your policy can cover the building structure, equipment, fixtures, and contents in the building 🏢 Your policy can protect against rebuilding when you are no longer exempt from building codes 🏢 Your policy can cover the cost of removing debris pre-reconstruction Take heed of low quotes as the above items may not be covered in all cases. Keep in mind factors like the type of building, location, type of business and security measures like fire alarms and security systems may reduce the cost of your quote. Understanding your business and coverage needs is critical for finding the right Commercial Property Insurance for your business. #HeadsUp #Insurance #CommercialPropertyInsurance #Owner

“Insurers Add Water Damage to Citizens Takeout”: Insurers in Florida, including Slide Insurance and Monarch National Insurance, will provide limited water damage coverage in policies taken over from Citizens Property Insurance Corp. this fall. This change is due to new state regulations requiring coverage comparable to Citizens’ policies. Slide Insurance will offer up to $10,000 in water damage coverage for homes over 40 years old. The Florida Office of Insurance Regulation mandates that insurers cannot charge additional premiums for this coverage, ensuring it remains within 20% of Citizens’ estimated renewal costs. Follow me for Real Estate News & Tips! Thinking about Selling Your Home? Ask me about my FREE custom marketing proposal and home valuation report for your home. Send a DM or call today! • SHARE @YamiPastor.realtor - 786 795-1358 https://lnkd.in/eKm-_BFm. #yamipastorrealestate #yamipastor #realestatenews #ladiesofrealestate #instarealtor #floridarealestate #isellhomes #real #realbrokerage #floridainsurance #realestateinfo #homeownership #homeinsurance

At Hemly Insurance, we recognize the immense value of your business property and the dedication you've invested in your establishment. Our commercial property insurance is meticulously crafted to shield your assets from unexpected events such as storms, fires, natural disasters, theft, or vandalism. 💼 From your business facility and equipment to inventory, supplies, and even valuable signage and fencing, we provide comprehensive coverage. Our tailored policies ensure you receive competitive rates without compromising on essential protection. 🏠🏭 Whether it's your building, fixtures, or machinery integral to your operations, our insurance extends robust protection. Moreover, we cover items in your custody that belong to others, alleviating the financial burden of replacement costs in case of accidents. 📝 We understand the challenges of managing a small to medium-sized business, leaving little time for navigating insurance complexities. As fellow business owners, we simplify the insurance process, offering clear, straightforward explanations without the jargon. 💬 Contact us today with any inquiries about affordable commercial property insurance or to update your policy with recent business changes. Your evolving needs deserve updated coverage, and we're committed to guiding you every step of the way. Let Hemly Insurance be your trusted partner, allowing you to concentrate on growing your business with confidence! 📞🌟 #HemlyInsurance #BusinessInsurance #CommercialPropertyInsurance #ProtectYourBusiness #SimplifyInsurance

Property Insurance is a huge problem for many California businesses and apartment owners right now. In certain areas, over 50% of current policies are being non-renewed, and some policies have increased 2-4x in annual rate. What can you do to help protect yourself? Here is some key strategies to be prepared for your renewals and get the best rates on your investments. If you need any assistance, our team here can help navigate this as well. [email protected] https://lnkd.in/e-BNiFC3