Navigating the Current Property and Casualty Insurance Market

Navigating the Current Property and Casualty Insurance Market

The Property and Casualty (P&C) insurance market in 2025 is experiencing a dynamic mix of challenges and opportunities, largely shaped by inflationary pressures, rising claims costs, and a changing risk landscape.

Rising Costs and Premiums
One of the most notable trends is the increase in premiums across the board. Insurers are grappling with higher costs linked to natural disasters, such as wildfires and hurricanes, as well as a rise in liability claims. The cost of rebuilding and replacing damaged property has surged due to inflation in materials and labor. This, combined with the increased frequency and severity of extreme weather events, has led many insurers to adjust their rates accordingly.

Risk Evolution and Underwriting Adjustments
The evolving risk environment is also prompting insurers to reassess their underwriting practices. As climate-related risks intensify, underwriters are becoming more cautious in areas with high exposure to natural disasters. This has led to more stringent policy terms, exclusions, and, in some cases, reduced coverage availability. Insurers are also utilizing advanced technology and data analytics to better assess risk and optimize pricing models.

A Competitive Market for Some Segments
While the overall market remains challenging for many policyholders, certain segments—particularly in commercial lines—are seeing a more competitive environment. Insurers are leveraging new product offerings, such as cyber insurance, and expanding into niches that were previously underdeveloped. Insurtech innovations are also reshaping the industry, offering greater efficiency and customer-centric services.

What to Expect Going Forward
Looking ahead, the P&C insurance market is likely to continue navigating volatility. Climate change, ongoing inflation, and global economic uncertainties will play a significant role in shaping the market's trajectory. However, advancements in technology, data analytics, and more agile underwriting practices may offer some stability in the long term.

For consumers and businesses, it's essential to stay informed and work with trusted insurance professionals to ensure adequate coverage in an increasingly complex environment.

Property Insurance Costs - On the Rise

 

CATASTROPHIC LOSSES A Leading Driver of Rising Property Insurance Costs   When the eye of the storm wreaks havoc, many commercial properties are faced with the aftermath. In 2022, hurricanes, floods, tornadoes, wildfires and blizzards continued to strain the industry at an alarming rate. Already in 2023, there have been more extreme events in America that cost at least $1 billion, exceeding the 2020 record.* Catastrophes, the mounting costs of building materials and four other driving forces are increasing the cost of property insurance.

Property Rate by the Numbers       Catastrophe Losses: Over the past five years in the United States, 89 events have generated losses of more than $1 billion each.¹       Reinsurance: In early 2023, the gap between reinsurance supply and demand was estimated at $60 billion, three times what it was the previous fall.²       Property Replacement Costs: Over the past three years, the cost of structural steel increased by 55% and the price of lumber increased by 35%.³       Skilled Labor Shortage: The Associated General Contractors of America found that nine out of 10 contractors are struggling to find skilled labor and are delaying projects as a result.4

Life Policy Offered at Work - Is it the Right Choice?

Many people rely on their employer-provided life insurance policy as their only source of coverage. However, there are a number of reasons why it's a good idea to have a life policy outside of work as well.

Portability

One of the biggest advantages of having a life policy outside of work is that it's portable. This means that you can take it with you if you change jobs. With employer-provided life insurance, if you lose your job, you lose your coverage.

Control

When you have a life policy outside of work, you have more control over the terms of the policy. You can choose the amount of coverage, the type of policy, and the premium. With employer-provided life insurance, you're limited to the options that your employer offers.

Flexibility

Employer-provided life insurance policies are typically term policies, which means that they have a set term of years. Once the term expires, you have to renew the policy or your coverage will lapse. With an individual life insurance policy, you can choose a term policy or a permanent policy. Permanent policies, such as whole life and universal life, offer lifelong coverage and can build cash value over time.

Choice

When you purchase a life policy outside of work, you have more choice when it comes to the insurance company. You can shop around and compare rates and policies from different companies. With employer-provided life insurance, you're limited to the options that your employer offers.

Cost

The cost of life insurance can vary depending on a number of factors, including your age, health, and the amount of coverage you need. However, in general, the cost of individual life insurance is comparable to the cost of employer-provided life insurance.

If you're looking for a comprehensive life insurance policy that's portable, flexible, and affordable, it's a good idea to consider purchasing a life policy outside of work.

Additional Considerations

In addition to the factors mentioned above, there are a few other things to consider when deciding whether or not to get a life policy outside of work.

• Your financial situation: If you have a lot of debt, or if you're the sole breadwinner for your family, it's important to have enough life insurance to cover your debts and your family's expenses.
• Your future plans: If you're planning to have children, or if you're planning to retire early, you'll need to make sure that you have enough life insurance to cover your future expenses.
• Your health: If you have any health problems, you may have to pay a higher premium for life insurance. However, it's still important to have some coverage, even if it's not as much as you would like.

If you're not sure how much life insurance you need, or if you're not sure what type of policy is right for you, talk to us at Community Insurance Solutions LLC. We can help you assess your needs and find the right policy for you.

Why Life Insurance is a Wise Decision: Protecting Your Loved Ones and Securing Their Future

When it comes to financial planning, one often overlooked but incredibly important aspect is life insurance. While contemplating the inevitability of our own mortality can be uncomfortable, taking steps to secure the financial well-being of our loved ones is a wise and responsible decision. In this blog post, we will explore why life insurance is a crucial component of a comprehensive financial strategy.

Financial Protection for Loved Ones:

Life insurance provides a financial safety net for your loved ones in the event of your untimely demise. It ensures that your dependents, such as a spouse, children, or aging parents, are protected from the potential financial burden resulting from the loss of your income. The payout from a life insurance policy can help cover living expenses, mortgage or rent payments, education costs, and other financial obligations, ensuring that your loved ones can maintain their quality of life and achieve their goals even in your absence.

Debt Repayment and Estate Planning:

Life insurance can be instrumental in managing and mitigating financial obligations, particularly in situations where you have outstanding debts such as a mortgage, car loan, or credit card balances. By naming your beneficiaries as the recipients of the life insurance proceeds, you can ensure that they have the necessary funds to settle these debts and avoid any potential financial strain.

Moreover, life insurance can play a crucial role in estate planning. It can help cover estate taxes, legal fees, and other expenses associated with the distribution of your assets. By strategically incorporating life insurance into your estate planning, you can leave a lasting legacy and provide for the future financial well-being of your heirs.

Business Continuity:

Life insurance is not limited to personal situations but can also be essential for business owners. If you are a business owner or a key employee, life insurance can help protect the continuity of your business in the event of your unexpected passing. It can provide funds to cover business debts, facilitate ownership transitions, and ensure the financial stability of your company during a challenging time.

Affordability and Flexibility:

Life insurance policies come in various forms, including term life insurance and permanent life insurance (such as whole life or universal life). Term life insurance offers coverage for a specific period, typically 10, 20, or 30 years, making it a more affordable option for many individuals. Permanent life insurance provides lifelong coverage and also includes a cash value component that can grow over time, offering additional financial benefits.

Life insurance policies can be tailored to your specific needs and budget, allowing you to choose the coverage amount, duration, and other features that align with your financial goals. With the guidance of a knowledgeable insurance professional, you can customize a policy that meets your unique circumstances and provides the necessary protection for your loved ones.

While contemplating our own mortality may be uncomfortable, securing the financial future of our loved ones is a responsible and wise decision. Life insurance offers the peace of mind that comes with knowing that your family will be financially protected when you're no longer there to provide for them. By considering the various benefits, such as financial security, debt repayment, estate planning, and business continuity, life insurance becomes a crucial component of a comprehensive financial strategy. Take the first step today towards safeguarding your loved ones' future by exploring the life insurance options available to you.

Contact us today - Community Insurance Solutions LLC

Personal Injury Protection

Personal injury protection (PIP) coverage is an important type of insurance that can provide financial protection in the event of an auto accident. PIP coverage is designed to cover medical expenses, lost wages, and other related expenses, regardless of who is at fault for the accident. In this blog post, we'll take a closer look at PIP coverage, how it works, and provide examples of how it can benefit policyholders.

How PIP Coverage Works

PIP coverage is a type of no-fault insurance that provides benefits to the policyholder regardless of who is determined to be at fault for the accident. The coverage is typically available in states that have no-fault insurance laws. In these states, drivers are required to carry PIP coverage in addition to liability coverage.

The amount of PIP coverage and the specific benefits provided can vary depending on the state in which the policyholder resides. In general, PIP coverage can provide benefits such as:

• Medical expenses: This can include hospitalization, surgery, medication, and rehabilitation expenses related to the accident.
• Lost wages: PIP can help cover the policyholder's lost wages if they are unable to work due to injuries sustained in the accident.
• Funeral expenses: In the event of a fatal accident, PIP can help cover funeral expenses.
• Other expenses: PIP can cover other expenses such as childcare, housekeeping, or transportation costs if the policyholder is unable to perform these duties due to their injuries.

Examples of PIP Coverage in Action

Let's take a look at a few examples of how PIP coverage can provide financial protection in the event of an accident:

Example 1: Sarah is involved in a car accident and suffers a broken arm, requiring surgery and physical therapy. Her PIP coverage helps cover the cost of her medical expenses and physical therapy, as well as a portion of her lost wages while she is unable to work.

Example 2: Mark is involved in an accident that results in the death of his spouse. His PIP coverage helps cover the cost of funeral expenses, as well as some of the other expenses associated with her passing.

Example 3: Kim is involved in a car accident that leaves her unable to perform her regular household duties. Her PIP coverage helps cover the cost of childcare and housekeeping while she is recovering from her injuries.

In each of these examples, PIP coverage provides valuable financial protection to the policyholder, helping to cover expenses related to the accident and easing the burden of the financial impact of an unexpected event.

Conclusion

Personal injury protection coverage is an important type of insurance that can provide valuable financial protection in the event of an auto accident. It can help cover medical expenses, lost wages, and other related expenses, regardless of who is at fault for the accident. Contact Community Insurance Solutions LLC to understand what type of PIP coverage is available in your state and what specific benefits it offers, so you can have the peace of mind that comes with knowing you're protected in the event of an unexpected accident.

10 Factors that Affect Your Home Insurance Rate

1.  Location: The location of your home is one of the most significant factors in determining your insurance rates. If you live in an area that is prone to natural disasters like hurricanes, earthquakes, or floods, you may have to pay higher insurance premiums.
   
   
2. Home value and construction: The cost of rebuilding or repairing your home in case of damage is a critical factor in determining your insurance rates. Homes made of expensive materials or those with intricate designs may cost more to repair, and therefore have higher premiums.
   
   
3. Age of the home: The age of your home can also impact your insurance rates. Older homes may require more repairs and maintenance, making them more expensive to insure.
   
   
4. Type of dwelling: The type of dwelling you have, such as a single-family home, condo, or townhouse, can also affect your insurance rates.
   
   
   
5. Claims history: Your claims history can also impact your insurance rates. If you have filed multiple claims in the past, insurance companies may consider you a higher risk and charge higher premiums.
   
   
6. Credit score: Your credit score can also be a factor in determining your insurance rates. Insurance companies often use credit scores to determine how likely you are to file a claim.
   
   
7. Deductible amount: The amount of your deductible can also impact your insurance rates. A higher deductible can lower your premiums, but it also means you'll have to pay more out of pocket if you do file a claim.
   
   
8. Security features: Insurance companies may offer lower rates to homeowners who have security features installed in their homes, such as alarm systems, security cameras, and smoke detectors.
   
   
9. Occupancy: Whether or not you occupy your home can also be a factor in determining your insurance rates. A vacant home may be considered a higher risk than one that is occupied.
   
   
10. Liability coverage: Your liability coverage, which protects you if someone is injured on your property, can also affect your insurance rates. Higher coverage limits may result in higher premiums.

Find out more at Community Insurance Solutions LLC.

Uninsured Motorist Coverage - Why You Need It

Being involved in a car accident can be a stressful and frightening experience, but it can be even more challenging if the other driver doesn't have insurance or doesn't have enough insurance to cover the damages. That's where uninsured motorist coverage comes in. In this blog post, we'll explore what uninsured motorist coverage is, why you need it, and how it works.

What is uninsured motorist coverage?

Uninsured motorist coverage is a type of insurance that provides protection for you and your passengers in the event of an accident with an uninsured or underinsured driver. This coverage is designed to pay for damages and injuries that are not covered by the other driver's insurance policy.

There are two types of uninsured motorist coverage:

Uninsured motorist bodily injury (UMBI): This coverage pays for medical expenses, lost wages, and other damages if you or your passengers are injured in an accident with an uninsured or underinsured driver.

Uninsured motorist property damage (UMPD): This coverage pays for damages to your vehicle or other property caused by an uninsured or underinsured driver.

Why do you need uninsured motorist coverage?

While car insurance is required by law in most states, not everyone follows the law. According to a report by the Insurance Information Institute, approximately 13% of drivers in the United States were uninsured in 2015. If you're involved in an accident with an uninsured driver, you may be responsible for paying for damages out of pocket.

Even if the other driver has insurance, their policy may not provide enough coverage to pay for all the damages. In this case, uninsured motorist coverage can help cover the difference.

How does uninsured motorist coverage work?

If you're involved in an accident with an uninsured or underinsured driver, you'll need to file a claim with your insurance company. Your insurance company will then investigate the claim and determine the amount of damages you're entitled to.

If the other driver is found to be at fault and uninsured, your insurance company will pay for the damages up to the policy limits. If the damages exceed the policy limits, you may be responsible for paying the remaining balance.

It's important to note that uninsured motorist coverage is not a replacement for liability insurance. Liability insurance is designed to protect other drivers and their property in the event that you're at fault for an accident. Uninsured motorist coverage is designed to protect you and your passengers in the event of an accident with an uninsured or underinsured driver.

In conclusion, uninsured motorist coverage is an essential type of insurance that can provide peace of mind knowing that you're protected in the event of an accident with an uninsured or underinsured driver. If you're considering purchasing this coverage, reach out to one of our insurance agents at Community Insurance Solutions to understand the coverage options available to you and to determine if this coverage is right for you.

Distracted Driving

Distracted driving is a serious problem that has been on the rise in recent years. In 2022, there were an estimated 3,142 people killed in motor vehicle crashes involving distracted drivers. This represents a 10% increase from the previous year.

There are many different types of distractions that can lead to accidents, including:

• Texting and driving
• Talking on the phone
• Eating or drinking
• Adjusting the radio or other controls
• Talking to passengers
• Looking at other vehicles or objects
• Daydreaming or being lost in thought

Any of these distractions can take your eyes off the road, your hands off the wheel, or your mind off of driving. This can lead to a crash, even if you are only distracted for a few seconds.

The National Highway Traffic Safety Administration (NHTSA) has been working to raise awareness of the dangers of distracted driving. In 2019, the NHTSA launched a new campaign called "Don't Drive Distracted. It Can Wait." The campaign features public service announcements, social media posts, and other materials that educate drivers about the dangers of distracted driving.

The NHTSA also works to enforce distracted driving laws. In 2022, law enforcement officers across the country issued more than 4 million tickets for distracted driving. These tickets can result in fines, points on your driver's license, and even jail time.

If you are caught driving distracted, you could face serious consequences. In addition to the legal penalties, you could also be held liable for any injuries or property damage that results from a crash.

It is important to remember that distracted driving is not worth the risk. If you need to take your eyes off the road, pull over to a safe location. It is not worth risking your life or the lives of others.

Here are some tips for avoiding distracted driving:

• Put your phone away. Turn it off, put it in the glove compartment, or use a hands-free device.
• Don't eat or drink while driving.
• Avoid talking to passengers about anything that is not essential to driving.
• Make sure your car is in good working order so you don't have to fiddle with the controls while driving.
• Take breaks from driving if you are feeling tired or drowsy.
• If you have to take medication that makes you drowsy, don't drive.
• If you are going to be driving for a long time, plan ahead and make sure you have a way to stay awake and alert.

By following these tips, you can help to make the roads safer for everyone.

Go to Community Insurance Solutions' website for a car insurance quote today.

Boating Essentials

Whether you're a sailor who's going out to sea on a pontoon, speed boat, or sailboat, there's something special about being behind the wheel, cutting through the waves. However, we don't want your day to be ruined by forgetting the most essential items needed for your trip out at sea.

That's why you should follow this checklist cleverly titled the Sailors Scroll for Stocking Your Seaboat and never forget another important item again:

• PFD (Personal Flotation Device or Life Jacket):
  You will need at least one PFD for each person on board. Children under 13 are often required by law to wear a flotation device while on a boat. See what your state has to say about these PFD requirements.
  
  
• Whistle:
  Blow on the whistle while wet to make sure it still works through the water!
  
  
• Water:
  No matter how long you intend to stay out, bring a full supply of water for each sailor on board to ensure that you'll have access to clean water in case of the unexpected.
  
  
• First Aid Kit:
  You never know what the waves will bring while out boating. Make sure you always have a stocked first aid kit on board to tend to the small accidents as well as the big.

And don't forget these other items:

Boat registration

Anchor

Jumper cables

Signal horn

Fire Extinguisher

Rope

Bucket

Spare clothes

Razor blade or Swiss knife

Flashlight

Blanket

Toilet Paper

Sunglasses

Sunscreen

Food

Enjoy your day out at sea!  

Need insurance for your boat or other watercraft? Check us out!

Gap Insurance

 What is gap insurance?

Gap insurance (or auto loan/lease coverage) is an additional coverage you can add to your car insurance policy. It covers the remaining loan or lease amount you may have on your vehicle if it’s totaled in a covered accident.

So, if your car is damaged in an accident and your insurance company deems it a total loss, your insurance company will pay off your remaining loan balance rather than just the current value of your vehicle considering age, condition and mileage. This loss of value over time is called depreciation.

Without this coverage, you would be responsible for the “gap” (hence its name) between what’s left on your loan and your vehicle’s current, depreciated value.

For example, if your vehicle is totaled in a covered accident, your insurance company will provide you with a claim payout equal to your vehicle’s depreciated value (less any deductible). Depending on the amount of your loan and the depreciation on your specific vehicle, the amount your insurance company pays you may be less than the amount left on your loan. This leaves you having to pay that remaining amount. However, with gap insurance, your insurance company would pay the remaining loan amount.

Example of how gap insurance works

Let’s say your car is totaled after a bad accident. Your car’s current value is $10,000.

You have a loan on this vehicle. Your remaining loan amount is $12,000.

Your insurance company is going to pay you the current value of your car ($10,000).

This leaves a remaining $2,000 balance on your loan, which you will need to pay. If you have auto loan/lease coverage, it may pay the remaining $2,000 for you.

What is the most gap insurance will pay?

In general, your insurance will pay the lender based on what you owe on your vehicle and the coverages your policy has, but this can vary depending on your claim.

Who may need gap insurance?

If you either took out a loan to pay for your vehicle or it’s under a lease, you may want to consider gap insurance.

Other factors that may influence your decision include:

- The amount of principal left on your loan

- The age of the vehicle

- Your personal financial situation   

Where do I buy gap insurance?

To buy gap insurance, you’ll likely need to have a car insurance policy that includes the comprehensive (other than collision) and collision coverages. Most companies will require you have both of these coverages on your vehicle’s policy before they will add an auto loan/lease gap coverage.

We, of course, think that contacting Community Insurance Solutions LLC is the best first step. Car dealerships do offer gap insurance, but it’s often more expensive than just adding it to your existing car insurance policy.

Learn more at Community Insurance Solutions LLC.

Why did My Car Insurance Premium Go Up?

 If you opened your car insurance bill recently and noticed it’s higher than you expected, you’re likely experiencing the insurance rate increases being made by most insurance companies in late 2022 and into 2023. Insurance companies are raising their rates in response to significant changes in the marketplace.

Why did my car insurance go up?

Several unprecedented changes are driving up car insurance rates, the first being the increased costs of a car insurance claim. This increased claim cost is largely due to:

- Increased severity of car insurance claims

- Price increases for replacement parts

- Availability of replacement parts

- Repair shops are short-staffed

- Repairs are taking longer, which increases the total cost to rent a vehicle since you may need it longer

There is also a shortage of new and used vehicles. Because of these shortages, the prices to replace a vehicle have significantly increased, making claims for totaled cars much more expensive.

Of course, we can’t forget inflation. Just like many other industries right now, inflation is driving up prices.

How much can I expect my car insurance to go up?

The amount that your car insurance will increase varies by state and depends on your policy. There is no set percentage that all insurance companies are increasing. The adjustment is based on the price increases they’ve seen in their claims and adjustments for inflation. All rate changes also have to be approved by your state’s department of insurance.

What if I didn’t file any claims?

Filing a claim can affect your rates. However, this particular rate increase is usually going to be more heavily motivated by the drastic changes in the marketplace.

Should I switch my insurance?

Seeing your rate increase may prompt the question of switching insurance companies. Since this is a change affecting the entire insurance industry, rates may not be that much different. However, it never hurts to check.

Community Insurance Solutions LLC is a great resource and can help you compare quotes from multiple insurance companies to find the coverage and rate best for you.

Replacement Cost vs Actual Cash Value

 Replacement cost and actual cash value are two methods of valuing property in the insurance industry.

Replacement cost is the cost to replace damaged or destroyed property with new property of the same kind and quality, without deduction for depreciation. In other words, it's the amount of money it would take to completely replace a damaged or destroyed item with a brand new one of the same quality.

Actual cash value, on the other hand, is the cost to replace damaged or destroyed property with new property of similar kind and quality, less depreciation. This means that the insurance company takes into account the age and condition of the damaged or destroyed property and subtracts the depreciation from its original value.

For example, let's say a 5-year-old television was destroyed in a fire. The replacement cost of the television would be the cost of buying a new television of the same brand and quality. The actual cash value, however, would take into account the fact that the television is 5 years old and has depreciated in value, so the insurance payout would be less than the cost of a brand new television.

In general, replacement cost coverage tends to be more expensive than actual cash value coverage because it offers more comprehensive protection. However, actual cash value coverage can be a good option for those who are willing to accept a lower payout in exchange for lower premiums.

Learn more at Community Insurance Solutions LLC.

Who Needs General Liability Insurance?

General liability insurance is an important type of coverage that can help protect businesses from a wide range of potential risks and liabilities. Generally speaking, any business that interacts with customers or members of the public could benefit from having this type of insurance.

Some examples of businesses that may need general liability insurance include:

- Retail stores and shops

- Restaurants and food service establishments

- Contractors and construction companies

- Professional services firms, such as accountants, lawyers, and consultants

- Health and wellness providers, such as gyms, spas, and massage therapists

- Manufacturers and wholesalers

- Non-profit organizations and charities

- Event planners and organizers

- Landlords and property owners

- Technology companies and software developers

This list is by no means exhaustive, and there may be many other types of businesses that could benefit from general liability insurance. It's always a good idea to consult with a qualified insurance professional to determine what types of coverage your business needs to stay protected. Find out more at Community Insurance Solutions LLC.

Why You Need an Umbrella Policy

 Umbrella insurance is a type of personal liability insurance that can cover claims in excess of your regular homeowners, renters or auto policy coverage. It can protect not just the policyholder, but also members of your family or household, and it can cover injury to others or damage to their possessions. There are many scenarios that would warrant the need for an umbrella insurance policy. We outline a few of them here.

Example #1: Your teenage daughter is babysitting the neighbor’s kids and leaves the house for a moment to run to the store. When she returns, one of the children is badly injured and requires surgery. The child’s medical bills exceed $300,000. The parents of the children sue you to cover the medical bills.

Example #2: Your son dislikes his gym class as well as the teacher. He goes on social media and writes some very reproachful comments about the teacher that leave him in a bad light. The teacher sues and is awarded $500,000.

Example #3: Your 17-year-old child decides to pick up some friends and go “cruising” in your car. He loses control of the vehicle while showing off how fast the minivan can go. Each child is critically injured. Your umbrella policy helps cover the medical bills.

Example #4: You invite friends to your home to celebrate the Fourth of July. You provide all the entertainment, food and refreshments, including alcohol. One friend who is known for drinking too much, does just that, gets in his car and drives home, getting in a terrible car accident that kills one person. The family sues you, and you’re found to be liable for serving the friend too much alcohol.

Example #5: Your rental property’s deck is rotted and your tenant falls through it, badly injuring his leg and requiring reconstructive surgery. A jury awards the tenant $750,000 for damages.

Example #6: You host a wedding on your property and rent a bouncy house. The house is not staked down and blows away in the wind with children inside of it. The kids are fine, but you’re sued for negligence. The families of the children are awarded $100,000 each for mental and post-traumatic stress.

Example #7: Your dog gets out and viciously attacks the neighbor’s show dog. The dog can no longer show because it has scars and a limp. You’re sued for loss of income, and a jury awards the dog owner $450,000.

Example #8: You’re the “cool mom” and agree to buy your kids and their friends alcohol if they promise to stay at the house. One of the friends leaves the house and is killed in an accident. He is found to be intoxicated. The parents of the child sue you for providing him with alcohol. A jury awards $2 million.

Example #9: You host a summer pool party for your child’s birthday at your house. An unsupervised child gets injured while swimming in the pool, and the parents sue for negligence and win.

Example #10: After a bad experience at a local restaurant, you write an inflammatory review online telling others that it’s the worst experience you’ve had. The owner of the restaurant sues for slander and wins.

Example #11: You’re responsible for a four-car accident, and your insurance can’t cover the replacement of the victims’ vehicles or any of their medical bills.

Example #12: Your child gets in a fight at school and breaks another kid’s arm. The parents of the injured child sue and are awarded 250,000 plus medical expenses.

Example #13: Someone is walking on the sidewalk on your property and trips on a crack in the concrete. They suffer a concussion and sue for damage.

Example #14: You leave for a weekend vacation and don’t cover your pool in the backyard. While you’re gone, the neighborhood kids jump your fence and swim in your pool unattended. While swimming, one of them drowns and the parents sue.

Example #15: While vacationing in Mexico, you rent a boat to go out on the water. While boating, you accidentally crash into another boat. Your insurance doesn’t extend coverage out of the country, and you are left with a large out-of-pocket-bill.

Example #16: Your child is fascinated with reptiles and brings one of your snakes to school for show and tell. While at school, the snake bites one of the children, and the kid is scarred for life. The parents sue for both physical and mental damage.

Example #17: A tenant in one of your rental properties complains about a faulty furnace. You say you’ll fix it, but forget to schedule an appointment with a repairman. The furnace catches fire the next week, destroying the tenant’s possessions.

Example #18: You allow your teenager and her friends to drive your golf cart down to the local lake. On the way, she swerves to avoid hitting a squirrel, resulting in a crash that severely injures your child’s friend. You are held responsible and are sued by the parents.

Example # 19: You hire a group of contractors to add an extension to your house. While on a ladder, one of the contractors falls and hits his head, resulting in a concussion. He sues, and you must pay the medical expenses.

Example #20: One of your houseguests at a Christmas party falls down your stairs. The guest sues for medical bills plus pain and suffering. The amount exceeds your insurance liability limit.

Example #21: While out on a hunting trip, you mistakenly shoot and kill a camper. The family sues you to cover funeral costs.

There are countless situations that can occur and exhaust the liability limits on your home or auto insurance policy – but the good news is that umbrella insurance policies are relatively inexpensive. Contact one of our agents at Community Insurance Solutions LLC for your personalized umbrella insurance quote today.

Renters Insurance

Renters insurance is an important coverage that provides protection for renters. Here are some reasons why you should consider having renters insurance:

Protection for personal belongings: Renters insurance covers the cost of replacing personal belongings such as clothing, electronics, furniture, and other items in the event of theft, fire, or other covered events.

Liability protection: Renters insurance provides coverage in the event that someone is injured in your rental property or if you accidentally damage someone else's property.

Coverage for additional living expenses: If your rental property becomes uninhabitable due to a covered event, renters insurance can help cover the cost of temporary housing and other living expenses.

Affordable: Renters insurance is often affordable, with average premiums costing less than $20 a month.

Peace of mind: Renters insurance gives you peace of mind knowing that you and your belongings are protected in the event of a covered loss.

Overall, renters insurance is a cost-effective way to protect yourself and your belongings, and provides peace of mind knowing that you're covered in the event of a loss. Find out more at Community Insurance Solutions LLC.

Classic Car Insurance

 Classic car insurance is a specialized type of insurance coverage that is designed specifically for vintage or classic cars. These cars are typically older, well-maintained vehicles that are either rare or collectible, and may have a higher value than typical everyday cars.

Classic car insurance policies typically offer different types of coverage than standard auto insurance policies. For example, classic car insurance may offer coverage for the agreed value of the car rather than its actual cash value, which can be lower. Classic car insurance may also have mileage restrictions or require that the car be kept in a garage or storage facility when not in use.

To qualify for classic car insurance, the vehicle typically needs to meet certain requirements, such as being a certain age, having a certain value, or being in good condition. Requirements for classic car insurance can vary depending on the insurance company, so it's important to let us compare policies to find the best coverage for your needs.

If you own a classic car, it's important to protect your investment with the right insurance coverage. Classic car insurance can provide the protection and peace of mind you need to enjoy your car and drive with confidence. Find out more at Community Insurance Solutions LLC.

Life Insurance is Love Insurance

 Life insurance is love insurance. It's a tangible way to show your loved ones that you care about their financial security and well-being, even after you're gone. With the right life insurance policy, you can help protect your family's future and ensure that they have the financial resources they need to continue living the life you've built together.

Life insurance can provide your family with the support they need to pay for final expenses, outstanding debts, and ongoing living expenses, including mortgage payments, education costs, and more. It can also provide them with a source of income to help replace your lost earnings and provide a measure of financial stability during a difficult time.

Invest in the people you love and show them that you care with life insurance. Click here and see just how affordable life insurance really is or find out more at Community Insurance Solutions LLC.

Commercial Insurance

 Commercial insurance is a type of insurance that protects businesses from financial losses due to a variety of risks. From natural disasters to lawsuits, commercial insurance can provide peace of mind for business owners and help protect their investment.

There are many different types of commercial insurance available, including property insurance, liability insurance, workers' compensation insurance, and business interruption insurance.

Property insurance covers damage to a business's physical property, such as its building and equipment, due to events such as fires, storms, or theft. This type of insurance can also cover the cost of repairing or rebuilding damaged property.

Liability insurance protects businesses from financial losses due to lawsuits or claims of negligence. This type of insurance can cover the cost of legal fees and settlements, as well as any damages awarded to the claimant.

Workers' compensation insurance is required by law in many states and provides financial support to employees who are injured on the job. This type of insurance can cover medical expenses and lost wages, as well as provide death benefits to the families of workers who are killed on the job.

Business interruption insurance provides financial support to a business in the event that it is unable to operate due to a covered event, such as a natural disaster or a major fire. This type of insurance can help a business recover from the loss of income and continue operating until it is able to resume normal operations.

When choosing commercial insurance, it is important to work with a knowledgeable insurance agent who can help determine the type and amount of coverage that is right for your business. The agent can also help you understand the exclusions and limitations of your policy, so you know what is covered and what is not.

In conclusion, commercial insurance is a critical component of any successful business plan. It provides financial protection against a variety of risks and helps business owners maintain peace of mind and focus on growing their business. Whether you are just starting a new business or are looking to update your existing coverage, make sure you have the right commercial insurance in place to protect your investment and secure your future. Learn more at Community Insurance Solutions LLC.