Western Washington is one of the most earthquake-prone places in the country,1 yet only 11.3% of homeowners in the state have earthquake insurance, and just 43.2% of commercial properties have coverage.2Read More
Today, WSRB offers insurance companies instantaneous access to data, both on our website and integrated directly into policy administration systems. We’ve come a long way since our founding in 1911, decades before the technology we now take for granted was invented.Read More
Our blog series, The Basics of Commercial Lines Ratings, offers a refresher course on the fundamentals. In Part 1, we looked at the components needed for developing a commercial property rate. In Part 2, we explore loss costs and loss cost multipliers.Read More
These days, it’s easy to access all kinds of data with a click of the mouse. But when we’re faced with information overload, we can forget the basics.Read More
Causes of Loss – Special Form
Special Cause of Loss provides coverage for risks of direct physical loss unless excluded or limited.
Theft coverage is included when using the limit of insurance (LOI) rating method, but it can be excluded.
The Watercraft Exclusion modifies coverage under Special Form. It excludes watercraft damage to retaining walls that are not part of a building, bulkheads, pilings, piers, wharves, or docks.Read More