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Umbrella Insurance

Express Umbrella Insurance Q+A [Webinar Recording]

We enjoyed talking with insurance brokers during our latest webinar, a 30-minute session entitled, “Build Your Business: Community Association & Small Real Estate Umbrella Coverage.” Watch the full webinar recording below: Our attendees challenged us with questions that went right to the heart of their current business issues. The session covered a broad range of…

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3 Reasons Umbrella Insurance for Rental Properties is Essential

If you were to skydive, would you want one chute or two? The obvious answer is two because skydiving is a calculated risk, and if something were to go wrong, you’d want a backup. Landlords often think they’re financially protected from lawsuits because they already have one chute: landlord insurance. However, sometimes, landlord insurance isn’t…

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Top 3 Real Estate Risk Exposures for Property Owners

What are the top risk exposures real estate property owners & managers face? The sources of top liability exposures for residential and commercial real estate include: sidewalks, parking lots and parking structures, pools, playgrounds, and elevators. Slips and falls, drownings, and assaults and other security issues often result from negligent property maintenance, unprotected slip hazards,…

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Umbrella Insurance for Community Associations – Why You Need It Today

In a highly litigious environment, umbrella insurance for community associations is crucial. It can often mean the difference between financial stability and ruin. Below, we review a few exposures and recent settlements where umbrella insurance can help. Defining Community Association Community associations include the following: The Role of the Board of Directors An association’s board…

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What’s New in Our Express Umbrella Insurance Program?

This article highlights: Differences and similarities between Express Real Estate and Express Community Association Key coverages and limits How to submit business Distinguished Programs’ long-standing footprint and reputation as a pioneer in developing niche-focused Umbrella insurance products enable us to tap into what the market needs to both improve and expand our offerings. We recently…

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The Changing Face of the Hotel Umbrella Market

The tight insurance market without question has hit the hospitality industry, including the Excess/Umbrella space. In addition, COVID-19 has brought significant challenges for the hotel industry as it struggles to gain traction after being upended by the pandemic. We spoke with Sean Young, VP, Distinguished Hospitality Umbrella Product Manager, for some insight into the challenges…

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Why Hotels Should Have High Umbrella Limits

The massive verdicts making headline news during the last several years have been a wake-up call for many hotel clients to ensure they carry enough Excess/Umbrella Liability coverage to protect against catastrophic losses. But the reality is that most large hotel liability losses are not the result of headline-making events or incidents, like the mass…

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Distinguished Rebrands Hospitality Umbrella Program to Reflect Different Niche Markets

Distinguished Programs has been insuring the hospitality industry for more than 25 years, providing high-limit Excess/Umbrella Liability coverage to protect against catastrophic losses. To better serve our agency partners looking for an Umbrella home for their accounts, we’ve rebranded our programs to reflect each market within the hospitality sector.

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View from Above: Inside the Real Estate, Community Association Umbrella Markets

The impact of today’s hard insurance market – characterized by higher prices, diminished capacity, and tighter underwriting guidelines – is being felt across all industry sectors and, depending on the class of business and its location, much more so than others. Susan DeCarlo, Vice President – Product Manager, Distinguished – provides us with a high-level…

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Umbrella Liability Insurance Hard Market Persists

The most recent Commercial Lines Insurance Premium Survey (CLIPS) released by Willis indicates that nearly all coverage lines saw significant rate hikes in 2020 Q1, with Commercial Auto, Property, Umbrella Liability, and Directors and Officers (D&O) Liability insurance exceeding double-digit rate increases. Specialty line prices also increased considerably, including in the hospitality and habitational sectors.

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