We live in a sharing economy, which is defined as assets or services that are shared between private individuals, typically by means of the internet. Popular websites like Airbnb allow property owners to rent out space in their home to a third-party for a short-term period of time. Uber is a popular ride sharing app […]
Month: May 2017
Unusual Types of Insurance Risk Associated With Swimming Pools
Summer is just around the corner, and the swimming pool is a coveted destination on hot, steamy days. From an insurance carrier’s perspective, a property with a swimming pool poses some obvious risks. However, we want to make you aware of some additional types of insurance risk that fall outside of the typical realm: 1. […]
The Danger of Property Owners Not Fully Understanding Their Coverage
For most people, homeowner’s insurance is a no-brainer and gives them the peace of mind that their property and belongings will be covered in the event of a disaster. In reality, though, a concerning number of homeowners don’t have a clear understanding of what their insurance policy covers. According to a recent survey from the […]
How Inspection Technology Will Be a Game Changer for Property and Casualty Insurers
The property and casualty insurance industry is currently at a crossroad. The evolution of inspection technology and its role in managing and reducing risk is something to be noted. However, the insurance industry in general has been slower to embrace the Internet of Things (IoT). We’re at a point where insurance carriers must decide if […]
