Leonard Shneyderman’s Post

#climatechange: Nine months after announcing it would not issue new home policies in the state, State Farm cited soaring costs, the increasing risk of catastrophes like wildfires and outdated regulations as reasons it won’t renew the policies on 30,000 houses and 42,000 apartments. #insurance #underwriting #insuranceindustry #reinsurance https://lnkd.in/emkunP52

4 common #insurance mistakes #investors make and how to avoid them https://zurl.co/Bxas #JenniferRuud #JenniferRuudJohnson #Seattle #SeattleRealEstate #Compass #CompassWashington #CompassTotemLake

Lots of factors affect your homeowners insurance rates — including soaring labor costs. 🔨 Want to find out what you can do to control what you pay? Let’s talk about options and discounts that may help you save today! https://bit.ly/4eZNWsk

Lots of factors affect your homeowners insurance rates — including soaring labor costs. 🔨 Want to find out what you can do to control what you pay? Let’s talk about options and discounts that may help you save today! https://bit.ly/4eRbiRj

Lots of factors affect your homeowners insurance rates — including soaring labor costs. 🔨 Want to find out what you can do to control what you pay? Let’s talk about options and discounts that may help you save today! https://bit.ly/4dui1PS

Perhaps the marketplace via higher insurance costs will motivate more real estate owners to invest in greener, energy-saving improvements, instead of cosmetic improvements. And, undoubtedly, Federal taxes will have to go up at some point to pay for the damage wrought by increasingly strong hurricanes. Coupled with higher health care costs caused by climate change Americans may finally conclude that it is in our economic best interest to be better custodians of our environment.

Lots of factors affect your homeowners insurance rates — including the soaring cost of housing materials. 🧱 Want to find out what you can do to control what you pay? Let’s talk about options and discounts that may help you save today! https://bit.ly/4dOfelx

What happens if you’re underinsured? Being underinsured can have serious consequences. If a fire, flood, or other emergency affects your property and you need to make a claim, the gap between your coverage and the actual loss can cost you a lot of money. What is underinsurance? You are underinsured when your insurance policy doesn't cover the full cost of a loss. This can happen if you underestimate the cost to rebuild your property or to replace your items. If you do not update your policy regularly due to rising costs, you may become underinsured. A flood in a Hampshire village damaged a family-owned pub. The property was insured for £200,000, but the true cost to rebuild was £400,000. The repair costs were £40,000, but the insurer only paid £20,000 because of the 50% underinsurance. The landlord had to pay the remaining £20,000, leading to financial problems and a long dispute with the insurance company over the claim limit. This guide from RebuildCostASSESSMENT.com gives practical tips on how to protect your building and finances.

Underinsurance: The silent threat to UK homeowners and how brokers can help combat it. In a recent interview, Stuart Heath, Head of Delegated Property, shared his thoughts on how brokers are well-positioned to collaborate with insurers to combat the underinsurance gap in the property market. To read the full article, click the link below. https://lnkd.in/eDGdda85 #TMHCC #ProceedwithConfidence

Don't let underinsurance put your home at risk! 🏠 Check out this insightful article discussing the silent threat to UK homeowners and how brokers can help combat it. Share your thoughts on how we can tackle underinsurance together! 👇 Let's start conversations and help spread awareness.