Insurance companies often request Loss Runs when quoting commercial real estate.
Loss runs show prior claims, including information such as:
- Date of loss
- Type of loss
- Amount paid
- Amount reserved
- Open claims
- Closed claims
Underwriters frequently review several years of prior loss history.
Frequent:
- Water losses
- Fire losses
- Liability claims
- Slip-and-fall claims
- Roof claims
- Theft claims
can affect pricing and eligibility.