Inflation and the Commercial Insurance Market
Over the past year, inflation has become a growing concern. Inflation issues have largely resulted from a culmination of labor and supply trends brought on by the COVID-19 pandemic, and they are clearly reflected within the country’s rising Consumer Price Index (CPI). According to the latest data from the Bureau of Labor Statistics (BLS), the CPI for all urban consumers surged by 7.9% in the last twelve months—representing the largest increase over this amount of time since 1982. Inflation issues could create a number of challenges in the commercial insurance market, affecting both insurers and their policyholders. With this in mind,...
Keeping Your Home Protected During Vacation
When you and your family are preparing to leave for a vacation, it’s easy to overlook basic home safety precautions. After all, there are a number of risks that could affect your home while you’re away—including fires, theft and flooding. In order to keep your property safe while you’re on vacation, consider the following guidance. Unplug small appliances and electronic devices. Stop the newspaper and mail. To do this online, visit the U.S. Postal Service’s website. Lock all windows and doors. Arrange to have your lawn mowed or snow shoveled while you’re away. Have a neighbor keep an eye on...
Insurance can protect your pandemic renovations
Consider all factors when calculating replacement cost after home renovations. If you are like millions of other people, during the pandemic you have made improvements to your property. Whether you installed a pool, remodeled rooms or finished your basement, now is a good time to check in with your independent Arthur Hall Insurance agent to ensure your homeowner coverages are still adequate. The first thing to understand is how remodeling an existing space versus adding a space affects replacement cost. REMODELING You may think coverage needs to be increased by the amount it cost to renovate a space. But during renovations, existing materials already...
Insuring Your College Student
Sending a child off to college is a significant milestone. As you prepare for the start of the semester, you should consider how your insurance needs may change with your son or daughter away at school....
Arthur Hall Insurance and Chubb Team Up for The Arc of Chester County
Arthur Hall Insurance advisors and agents play on behalf of The Arc of Chester County in the 20th annual Chubb Charity Challenge Golf Tournament....
Vacation Tips to Keep Your Home Safe
Top 10 tips to keep your home safe while you are away on vacation. Be sure you have adequate insurance coverage to protect your home and belongings....
Homeowners' Insurance & Pipe Line Projects
Frequently Asked Questions - Homeowner’s Insurance and Gas Pipe Line Projects From the desk of Mark D. Sammarone, CIC, CISR Vice President, Arthur Hall Insurance (June 13, 2017) I have received a number of inquiries regarding what affect a gas pipeline passing through a homeowner’s property would have on their homeowner insurance coverage as well as the availability of coverage. Here are some answers to those questions. QUESTION: Does homeowner insurance cost more if you live near a pipeline? ANSWER: No, insurance should not cost more. Rates are currently formulated using predictive models which include various inputs such as municipality, fire protection, value of the...
Ride-Sharing May Not Give You A Lift
Recently, while visiting the city with my twenty-something daughter, I dared to experience my first ride-sharing venture. Admittedly, I was a bit leery but anxious to learn what these ride-sharing companies were all about. So I let her take charge, tap into her smartphone and call up a quick ride around town to get to our desired location. Easy! The request was accepted and we could track the vehicle on her phone. Block by block, I could see our ride’s approach, ticked down to the minute in real time. We even knew what make and model car to look for. All...