The definitive guide to commercial insurance renewal
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An example of how data made a real difference to premiums
In the example below, we show how more data made a significant difference for
a US property located in South Carolina which was a high risk for windstorms.
The left column shows the initial data that was provided and the resulting premium and the
right column shows a revised premium once additional information was submitted.
Location
Occupation
Values
Limit
Deductible
Initial premium
$450,000
Initial renewal data
… $195,000
reduction in
premiums
O
u
t
c
o
m
e
Revised premium
$255,000
Additional renewal
data
Construction
Frame
Cladding construction
Year built
Number of stories
Roof covering
Roof age
Equipment of roof and anchoring
Roof geometry
Door design
Window design
Contingency plan
