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Newsletter - Tuesday, April 4, 2017

Have you ever wondered if every building in your town is insured? Does anyone but me even think like this? I drive through lots of small towns and as I do, I tend to notice the various types of properties and often wonder "who insures that?" And then I think, I wonder if we do? I'm not a loss control specialist by any means, but I've read and addressed my fair share of property inspections. One thing leads to another and the next thing I know I am mentally writing up loss control recommendations - all from a drive-by! I happen to be one insurance professional who finds value when the effort is made and steps are taken to improve the insurability of a property and most importantly, prevent loss. 

A good assessment of a risk will identify property with potential for loss and price it appropriately. It will also identify property with a lesser potential for loss and price it competitively. As you know, a well-maintained property with 'easy' GL exposure should be a slam-dunk for securing insurance. Somewhere along the way, I am guessing that every underwriting manager in the world was required to sit through one too many claim meetings where the unforeseen and improbable occurred. As a result, it feels like we are forced to ask and answer more and more underwriting questions that in the end probably won't stop the next unforeseen loss from occurring either.

It may sound like I'm complaining about our industry (maybe I am just a wee bit), but I am all about writing the right risk for the right price. Sometimes it takes more in-depth knowledge of a risk to price it adequately, though it sure feels like some underwriters think that the more questions they ask the higher the premium they can charge! 

As a wholesaler, our job is to assist you in insuring the under-served risk. We also help to provide outlets for the types of risk you may not see every day. For instance, vacant buildings have some inherent exposures you may not want to expose your direct contracts to. The same applies to exposures a 'home flipper' may face; certainly, they carry more risk than the traditional investment property. These are just two of the types of accounts Tuscano has excelled at for years. In fact, we are so confident in our ability to underwrite and price these risks, we've written an online rating application that will allow you to get a bind-able quote in minutes. We aren't 'DP1 cheap' - but we offer great coverage options and a broad underwriting appetite that should cover the gamut of risks you come across (or drive-by!).

Hoorah! Opening Day for baseball is happening, which certainly must mean that Spring is in the air! It also means it is a great time to give our Personal Lines Team a call for all things personal (insurance). Right now, our homeowner and dwelling markets are on fire (should I even think that?). We're also geared up for providing recreational and motorsport insurance options for all of your insured's favorite past-times: motorcycles, watercraft, collector cars, vacation homes, and everything that goes with fun! Keep us in mind when the time comes, and be sure to check out all of the great personal lines rating and submission options we provide on our website. 

It's a beautiful day in the neighborhood - won't you call us?