How Accurate Information Restored Coverage and Reduced Costs
Light Industrial Warehouse • 24,000 SF with three tenants • Southwest Region, USA
The client’s insurance application contained incomplete and incorrect tenant information, leading to material misrepresentation. This resulted in limited coverage despite paying over $180,000 annually in premiums.
Material misrepresentation due to inaccurate tenant information
Premiums exceeding $180,000 for zero coverage
Difficulty securing suitable coverage through traditional markets
Our team identified the inaccuracies, corrected the application, and placed the client’s coverage with a specialty market at a significantly reduced cost.
Gathered accurate tenant information and verified all details to eliminate misrepresentation.
Negotiated with Lloyd’s of London to secure comprehensive coverage tailored to the client’s needs.
Streamlined coverage to reduce annual premiums without sacrificing protection.
The client received the coverage they needed while saving $60,000 annually in premiums.
$120,000
Premium Cost
Reduced from $180,000 to $120,000 annually
$60,000
Savings Achieved
Annual savings from correcting the application and optimizing coverage
100%
Full Coverages
Restored coverage for excluded risks with accurate tenant information
Your insurance application is the foundation of your coverage. Accurate information is key to securing the right protection at the best price.
