JMI Blog

Policyholders may get sticker shock when they find out the cost to rebuild their home, particularly when it doesn’t match insurance policy replacement value estimates. Our guide outlines what factors go into replacement assessments, plus gives 5 reasons why a difference could occur. Underwriters should consider these issues when doing property evaluations.

Nationwide has estimated nearly two-thirds of homes in the United States are underinsured. The insurance and financial services company reported that the average underinsurance amount is 22% but that properties could be underinsured for as much as 60% or more. It’s important insurance personnel, particularly those making decisions on new and renewing policies in the […]

Drip. Drip. Drip. That bothersome sound that can keep your policyholders up at night may be the least of their concerns when it comes to water leaks. Out of sight, moisture from a seeping roof could be creating a haven for mold and mildew to grow in the vents, which could trigger health concerns, or […]

Wildfires decreased in number in 2019 compared to that of the previous year, but they still neared 50,500, according to the Insurance Information Institute. With those fires come risks to homes and businesses. California has more than 2 million properties deemed at high or extreme risk for wildfire, according to the 2019 Verisk Wildfire Risk […]

Structural diagrams can depict essential information needed during the underwriting process such as building shape and square footage. Sketching has been a traditional element underwriters take into consideration; however, the property insurance industry is trending that these drawings may not be as useful during the data-gathering procedures to decide whether to underwrite a policy. More […]

The fields and trees that once surrounded the home of your insurance carrier’s potential new client have recently been replaced by a school on one side and a shopping center on the other. How does what’s next door affect someone looking to change their property insurance policy? Property loss and liability exposures caused by what’s […]

Sure, you know how old the house is, but did someone take note of those broken wooden steps in the backyard? The outside of the structure is in good condition, but those indoor pipes have seen better days. When evaluating a potential new policy or examining one that’s up for renewal, there’s myriad factors underwriters […]

Top 5 Ladder Dos and Don’ts to Prevent Falls, Injuries, and Fatalities Your insured may be an ambitious Do-It-Yourselfer ready to tackle an at-home project or could be an experienced contractor on another day at the job. Regardless, the possible outcomes of a ladder-related incident are the same. The Center for Disease Control and Prevention reported 452 […]

While reviewing insurance applications or policy updates, companies must consider a variety of factors to analyze the risk and decide whether they should accept the policy, and at what cost and conditions. With so many variables, it’s important to seek recommendations from an unbiased third-party vendor that can offer comprehensive insight about risk potential, while […]

Ice dams are a common threat in northern states during the colder months, and they can result in sizeable property damage claims. Homeowners and building maintenance crews continue to be the front line against this threat. However, insurance professionals should also be knowledgeable in this area so that agents can provide informed coverage advice, underwriters […]

Would you consider an office keg an employee benefit? Steve Harris, Chief Revenue Officer and Chief Administrative Officer for JMI Reports recently posed this question to Kent State University students. Along with two other experts, Steve spoke to about 150 business and HR students about emerging trends, speaking from “the perspective of the business leader” […]

We’re the Same JMI. Just Better Looking. Although the people inside our organization may have aged a tad over the last 30+ years, our brand is certainly looking more youthful with a recent makeover. We’re proud to announce a new logo and brand refresh for JMI Reports! Over the years, logos have evolved to reflect […]

Because our employees are stationed across several U.S. states to serve our many clients, our “family reunions” are an exciting time for the company. This January, our 61 employees gathered to spend a full day at an offsite event space, Georgetown Restaurant and Vosh, Lakewood, OH to get informed, enlightened and excited about our future as […]