Insurance Market for Multi Family Habitational Exposures
Posted: March 1, 2021
Casualty Market Outlook for U.S. Multifamily Habitational Risks—Fall 2020 The Property & Casualty market firming that began in the last half of 2019 continued into the second half of 2020, with expectations that things will remain unchanged as we enter 2021. This market firming has impacted both the Primary Liability and Umbrella/Excess Liability marketplace. Although Casualty losses in the Multifamily Habitational market have not reached...
WILL MY HOMEOWNERS POLICY COVER MY HOME FOR SALE OR VACANT HOME?
Posted: November 30, 2020
Many consumers are under the impression that their Homeowners policy covers them for pretty much everything. While the HO-3 or standard homeowners policy does provide a lot of coverage, it also is intended to cover an "Owner Occupied Dwelling" and not a vacant dwelling. The policy has some clear definitions of vacancy, essentially any unoccupied dwelling for 30 days or more. Unfortunately, ,many consumers leave...
