With an expanding population and more emerging businesses, property exposure to wind and hail-exposed areas is increasing. As a result of an aggregation of values and increases in losses from natural disasters, we’re seeing more property carriers adding high wind and hail deductibles on their commercial line policies. Many insureds decide to “buy down” deductibles […]
The annual cost of hail damage in the U.S. has surpassed $22 billion a year. Hail inflicts serious damage to homes, cars, crops, and people. It’s common for storms to produce hail the size of baseballs. At impact, these baseball-sized chunks of ice are moving at anywhere from 80 to 110 mph. When you imagine […]
A crucial component to any winterizing plan is having the necessary CAT property insurance coverage to provide peace of mind following a destructive blizzard.
Brokers and agents can partner with McGowan Risk Specialist to create tailor-made programs especially designed for their clients. These programs ensure agents can remain competitive while offering the best insurance protections for their clients.
Although insurance brokers and agents are not meteorologists, they still play a big role in helping their commercial clients identify and protect their businesses against destruction caused by storms.