Rate increases can be a result of multiple changes in your underwriting specifications. Changes such as increases or decreases in Average Sales Price, Number of agents (if you’re covering you and your company), Years insured, Insured services, Claims reported can all effect the rating.
This blog/website is made available by CRES Insurance Services for educational purposes to give you general information and understanding of legal risks and insurance options, not to provide specific legal advice. This blog/website should not be used as a substitute for competent legal advice from a licensed professional attorney in your state. Claims examples are for illustrative purposes only. Read your policy for a complete description of what is covered and excluded.
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