Unlike other businesses in the travel and hospitality sectors, during COVID, the superyacht market reached record-high demand and sales. Though the pandemic is behind us, the future of the superyacht industry continues to look bright. Globally, it brought in $10.29...
Personal Lines Insights
Personal lines insurance is designed to protect homes and valuable personal assets in the case of unexpected events. We uncover the various types of risk exposures homeowners can face and how this coverage allows owners to swiftly recoup their financial losses.
Five Marketplace Trends Impacting the Surplus Lines Homeowners Market
2020 changed the landscape of the insurance world. The COVID-19 pandemic, domestic and global unrest, supply chain disruptions, and a litany of weather-related catastrophes took their toll on the property and casualty markets, as well as personal lines coverage....
Jencap Experts’ 2024 Top Insurance Trends
A new year marks a new beginning, with hope, anticipation, and curiosity for what the coming months may bring. And in a dynamic industry like insurance, you never know with absolute certainty what might be just beyond the horizon. Stepping into 2024, we asked Jencap’s...
Water Damage Prevention Tips for Property Owners
Water damage is one of the most common causes of insurance loss claims. The Insurance Information Institute estimates that 1 in 60 insured homes will experience an insurance claim related to water damage or freezing, with an average claim loss of $12,514. Â Despite the...
Most Popular Luxury Collectible Items
The global collectibles market was valued at around $372 billion in 2020, and it's expected to keep growing steadily at a rate of 7 percent from 2021 to 2028.As a subcategory of collectible items, luxury collectibles are setting record-breaking prices, and are leading...
Insuring Private Collections with Specialty Insurance
Private collections, whether they comprise rare art pieces, vintage cars, exquisite jewelry, or other unique treasures, hold immense value not only in terms of monetary worth but also in sentimental value. As insurance agents, understanding the nuances of insuring...
Elevating Coverage: E&S Insurance for Luxury Homes
In the insurance world, high-net-worth individuals often possess unique needs and assets that require specialized coverage. One area that stands out is Excess and Surplus (E&S) insurance, particularly when protecting multi-million-dollar homes. As the value of...
Why Excess Flood Insurance Is Now a Necessity for Property Owners
Whether floods arise due to severe weather from natural disasters or from backed-up plumbing or broken pipes, homeowners don't always understand the risks associated with flooding or the need for flood insurance. In particular, many homeowners may think flood damage...
Common Gaps in Watercraft & Yacht Coverage
An insurance agent needs to be able to identify the best policy for a client and ensure they have all the coverage they require. If they don’t read the fine print closely or gather enough information about the client’s risks, the client could end up with gaps in their...
Understanding Types of Ownership and Insurance Coverage Options
Trusts, estates, LLCs, and family limited partnerships are just some types of ownership used for properties and assets. They're gradually becoming more common because they're a good option for wealth management and the transfer of legal ownership for properties such...
A Guide to Collectible & Personal Article Floaters
It's a common misconception that Homeowners', Renter’s, and Dwelling policies cover all personal property, but that's not the case. While they cover some personal effects, there are often limitations and exclusions on what the policies will pay out, meaning homeowners...
Riding the Waves of Change in 2022 The Jencap Insurance Industry Outlook
If the insurance industry had posted its relationship status in 2021, it would have been "It’s complicated." For 2022, it’s still going to be complicated. ... only a little less so. In this white paper you'll find: Seven major trends that will impact the insurance...
TRENDS & WHITE PAPERS
The Jencap Weather Report: How Climate Change is Shifting the Insurance Industry
From wildfires to hurricanes, weather-related disasters are tallying unprecedented losses. Here's how climate change is impacting insurance coverage.
WHITE PAPER | Q3 2022 | 17 MINUTES
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