The hardening of the U.S. commercial property market, where insurance rates are consistently rising in the context of difficult-to-find coverage, is likely to go on for many more years. Experts go as far as claiming that this is the hardest property market that has ever been observed — especially within the last two decades. Rather than one...
Policy holders may notice rate spikes in their property insurance and wonder why their premiums are rising. Some premium increases are caused by things out of your control, like inflation, but other factors concern you specifically – including your claims history and credit score. Some reasons for a property rate hike include: Mathematics –...
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