Homeowners Insurance: When Do You File a Claim

| September 20, 2018

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Homeowners insurance is designed to cover damage to your property caused by certain covered events. It stands to reason, as you are paying your premiums, you should take advantage of the available coverage. The reality is, it is not always advisable to file a homeowners insurance claim as it can lead to higher premiums or even cancellation in some cases. Underwriters tend to frown on policyholders who make more than the average number of claims.

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Compass Underwriting

Compass is a leading independent underwriting agency, based in the City of London. We underwrite and administer insurance schemes as well as operate as an incubator for new insurance ventures and offer guided, informed support to get insurance start-ups from A to Z.

OTHER ARTICLES

How Insurance Industry Can Better Leverage the Potentials of Big Data?

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Article | March 5, 2020

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What is Fiduciary Liability in Business?

Article | March 2, 2020

Fiduciary liability coverage, also known as management liability insurance, was formed to protect businesses against costly claims that are born out of a breach in fiduciary duty. This policy, in essence, protects employers against liabilities for managing employee benefits. For businesses carrying management liability insurance, it’s important to look at how this kind of coverage breaks down to provide comprehensive protection and what kinds of liabilities businesses are up against. Here’s a better look.

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How artificial Intelligence is changing insurance

Article | April 4, 2020

Here, we present the global megatrends that risk disrupting the insurance industry, and look at some of the insurtechs using AI to succeed Insurance is an industry that thrives on predictability. The more certain the outcome, the more insurance firms can be sure to offer fair rates and generate value for customers and shareholders alike. As such, it’s an industry that has been slow to adopt new technologies and adapt to global change. Today, however, change is here, and more is on the way.

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Spotlight

Compass Underwriting

Compass is a leading independent underwriting agency, based in the City of London. We underwrite and administer insurance schemes as well as operate as an incubator for new insurance ventures and offer guided, informed support to get insurance start-ups from A to Z.

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