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Renters sometimes cancel a policy after moving in and others forget to renew, resulting in coverage gaps or potentially leaving the landlord on the hook.
Educating policyholders about uncommon losses can be a great way for insurance agents and brokers to build trust and value.
More than 15,000 customers rated their insurance providers in the second annual Forbes/Statista survey of America's Best Insurance Companies.
The state's deputy insurance commissioner advised property owners to talk with an agent before filing weather-damage claims.
Renters insurance makes good sense for policyholders for a number of reasons.
Filing a second fire claim can increase home insurance rates by more than 40%.
Technology spending for college students in 2022 is expected to be 22% higher than in 2021.
Companies that learn how to rate their exposures more accurately will succeed in the long term.
Claims related to fire or lightning tend to be the most costly of all, with each averaging just over $77,000.
Insurance agents who cater to renters are often the first people called when those policyholders need homeowners' or business insurance.