Property Insurance Coverage Law

OCTOBER 6, 2024

I have received numerous calls from furious Hurricane Helene policyholders after learning how little coverage is afforded for the non-elevated floor of a multi-story building under their flood insurance policies. Refer to the Visual Flood Adjusters Use appeared first on Property Insurance Coverage Law Blog.

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Redbird Agents

FEBRUARY 4, 2025

For insurance agents selling final expense policies , staying informed about the funeral industry and consumer trends is essential. Consumer behaviors and industry trends shape the size and structure of policies people are purchasing. For example, one major trend is the declining face amounts of final expense policies.

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Redbird Agents

FEBRUARY 3, 2025

How Final Expense Commissions Work Final expense insurance is typically sold as a simplified issue whole life policy, meaning no medical exams are required, and policies are issued quickly. If a policy lapses within the first six to nine months, the insurance company will take back your commission through a chargeback.

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Agents Premium Policy Life Insurance 130

Central Insurance

OCTOBER 10, 2024

The post Pool Insurance: What Coverage Should I Ensure My Contractor Has Before Building My Pool? Learn how pool insurance safeguards your project and what to ask your contractor before work begins. appeared first on Central Insurance Blog.

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Building Insurer Insured Insurance 130

PSM Brokerage

JANUARY 24, 2025

Medicare Advantage sales arent just about making a quick buck; theyre about building a financial safety net that grows with every policy you sell. For 2025, youre looking at: $626 per policy in most states $723 per policy in high-cost states (California, we see you!) Sell 75 policies? Thats $46,950 in year one.

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Policy Building Agents Insurance Agent 93

Redbird Agents

FEBRUARY 3, 2025

Some simply provide carrier contracts, while others actively support agents in building and growing their business. Business transparency: Clear commission structures, contract policies, and agent-first service. Do your due diligence, the best FMOs help you build a business, not just push policies.

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Redbird Agents

FEBRUARY 3, 2025

The agents who stay focused on final expense are the ones who make more sales, serve more clients, and ultimately build a thriving business. At that moment, its tempting to jump in and try to sell them another policy. This ensures you stay on track, close more deals, and build a stronger client relationship.

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Redbird Agents

FEBRUARY 4, 2025

For insurance agents, managing chargebacks and financial obligations responsibly is a crucial part of building a successful career. Advanced commissions allow you to receive six to nine months of commissions upfront when a policy is sold. Sell to qualified clients who can afford their policies long-term.

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Solstice Insurance Broker

JANUARY 23, 2025

Brokers should advocate for clients year-round, assisting with claims and policy updates. Be the Lighthouse In the often murky waters of insurance jargon and policy complexities, your role as an insurance broker is akin to a lighthouse. Be proactive about policy updates that might affect them.

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Broker Out-Of-Pocket Insurance Broker Deductible 100

Distinguished

JANUARY 22, 2025

Distinguished offers a Renewal Certificate Endorsement , now available for eligible Contractor’s Pollution Legal Liability Plus (CPL) and Contractor’s Pollution & Professional Legal Liability Plus (CPPL) policies. Please refer to the policy forms for specific coverage details.

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The Property Insurance Law Observer

FEBRUARY 14, 2024

29, 2024)), the Court determined that the term “windstorm” was ambiguous as utilized in the subject insurance policy. The insurer paid only a portion of the claim because it maintained that the tornado that struck and damaged the property was a “windstorm” and, therefore, the claim was subject to the policy’s “Windstorm or Hail Deductible.”

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Neilson Marketing Services

JANUARY 30, 2025

A well-crafted insurance agency website is an essential tool for building credibility, attracting potential clients, and converting leads. Trust is a key factor in insurance sales, and content that tells a story, rather than just listing services, builds credibility and fosters client relationships.

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Insurance Agency Insurer Insured Insurance 93

The Property Insurance Law Observer

AUGUST 22, 2024

2024), the District Court of Massachusetts found that “collapse” provisions within a commercial property policy were ambiguous where a floor merely sagged without completely falling to the ground. During the policy period, the insured’s floor “sunk” between eight to 12 inches.

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Property Insurance Centre

SEPTEMBER 25, 2024

Top Building Insurance Pitfalls Here are some common pitfalls to avoid when getting building insurance in the UK: – Underinsuring. Insure your building at the amount that it will cost to rebuild it and not at the current market value when securing block of flats insurance. – Not considering inflation.

Building 52

Building Insurer Insured Insurance 52

Distinguished

MARCH 6, 2025

Other notable issues include illegal conversions where garages, basements, or other spaces are converted into living areas without proper permitswhich are particularly common in older buildings. After a report is filed, an inspector from the Los Angeles Housing Department or Building and Safety is dispatched to evaluate the situation.

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Building Damage Insurance Broker Underwriting 59

Scott Insurance

FEBRUARY 19, 2025

If heavy machinery is used in proximity to the existing apartment buildings, it raises the potential for accidents or property damage. Many builders risk insurers simply refuse to cover the existing structures during a rehab, forcing owners to secure both a builders risk policy and standalone property coverage for the existing structures.

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Underwriting Underwriter Insurer Insured 52

PSM Brokerage

MARCH 31, 2025

Start by tracking: Key Performance Indicators (KPIs): Lead conversion rates, client retention, policy volume, and average revenue per client. Focus on: Building strong client relationships that lead to renewals. Call Center or Remote Team Expansion: Use tech to build teams across regions without the overhead of physical offices.

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Insurance Agency Building Insurer Insured 52

PSM Brokerage

FEBRUARY 14, 2025

By following our proven blueprint, you'll have the tools to build a motivated, skilled, and compliant team to drive growth in your agency. Conclusion: Building a Scalable LOA Team By following this blueprint, insurance agents can efficiently recruit, train, and manage Licensed-Only Agents to scale their business. Download I.

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License Agents Insurance Agent Insurance Agents 89

PSM Brokerage

JANUARY 31, 2025

Saves Time No need to build a presentation from scratch. Life Insurance 101 is a ready-to-use presentation that provides a simple, structured way to walk clients through the essentials of life insurance. This allows you to stand out from the competition and reinforce your brand identity while delivering valuable insights to your clients.

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Life Insurance Insurer Insured Insurance 109

Property Insurance Centre

FEBRUARY 10, 2025

Whether you own an office building, a retail store, a warehouse, or a manufacturing facility, this type of coverage safeguards your physical assets, ensuring financial stability in the face of damage or loss. Lets break down the perils typically included in standard policies and additional coverages that businesses might consider.

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Commercial Property Property Insurance Commercial Boiler and Machinery 52

Property Insurance Centre

MARCH 11, 2025

Greater Risk of Fire and Cladding Issues Following Grenfell Tower , insurers are more cautious about buildings with cladding, especially in London, where many high-rises have fire safety concerns. Unoccupied flats pose risks like water damage and squatting, which insurers consider when pricing policies.

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Risk Insurer Insured Insurance 52

Final Expense Brokerage

OCTOBER 31, 2024

Selling final expense insurance goes beyond policies and payouts; it’s about providing families with a sense of security during challenging times when emotions run high, and decisions are difficult. We helped him secure a final expense policy, and when the time came, his daughter contacted me, relieved and grateful.

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Final Expense Brokerage

OCTOBER 23, 2024

Oct 24, 2024 1:53:43 PM Contact Us Share: Gain valuable insights for building trust with senior clientele. This requires building relationships based on trust, empathy, and transparency. As an agent, demonstrating that you truly understand these concerns is key to building credibility.

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Building Insurer Insured Insurance 130

Property Insurance Centre

MARCH 21, 2025

Growing Property Market with Diverse Building Types Manchester has seen rapid urban development, especially in areas like Ancoats, Salford Quays, and Deansgate, with a mix of modern high-rises and older converted mills. Insurers may want clear information on who is arranging the policy and responsible for claims.

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Premium Insurer Insured Insurance 52

Property Insurance Centre

JANUARY 27, 2025

Steps to Take Check the Lease Agreement: This document will outline who is responsible for insuring the building. Speak with the Freeholder or Managing Agent: Ask for details about the current insurance policy and how costs are allocated. However, the cost is often recovered through service charges.

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Building Broker-Agent Insurer Insured 52

Redbird Agents

SEPTEMBER 13, 2024

Post weekly updates about new policies, discounts, or helpful insurance tips to engage visitors and increase visibility. Local Citations: Build consistent name, address and phone number (NAP) citations across relevant directories like Yelp, Yellow Pages, and insurance directories. Tip – you can and should automate this!

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Insurance Agency Insurer Insured Insurance 241

Mark Jackson Insurance Agency

MARCH 19, 2025

Brick commercial office building by Binyamin Mellish Expanding your business to a new location is an exciting step toward growth, but it also introduces new risks. From property protection to liability coverage, ensuring your business insurance policies align with your expansion is critical. Ensure your insurance policy is up-to-date.

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Workers Compensation Liability Property Damage Inland Marine Insurance 52

Distinguished

MARCH 19, 2025

For buildings constructed before June 13, 1979, strict rent control laws apply. These include unstable buildings, unsafe stairways, or poorly maintained common areas like balconies and porches. Once a report is filed, the Department of Building Inspection (DBI) conducts an inspection. First, there are Rent Control Violations.

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Building Broker Damage Insurance Broker 52

PSM Brokerage

JANUARY 27, 2025

Features include: Client Management Tools: Keep track of policies, renewals, and client communications. Agent Methods Build a professional online presence with ease. Stand Out in the Market: Build a professional online presence and attract more leads with Agent Methods and LeadStar. Ready to Elevate Your Business?

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Agents Insurance Agent Insurance Agents Building 104

Wren Insurance Agency

JANUARY 29, 2025

New construction homes inherently have less risks, due to their requirement to meet current building codes and standards of safety. Less risk means less cost, making these policies typically more affordable for the homebuyer. Or, if you're a Wren client, your dedicated agent would be happy to get you started with this type of policy!)

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Home Insurance Policy Insurer Insured 52

Redbird Agents

FEBRUARY 4, 2025

Many will show their gratitude in ways that go far beyond just buying a policy. Conclusion Before jumping into final expense sales, make sure you understand the startup costs and investment needed to build a successful agency. Just be ready for a few surprises along the way.

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Agents Life Insurance Underwriting Underwriter 130

Property Insurance Centre

JANUARY 30, 2025

Because of these risks, many standard building insurance policies may not fully cover an unoccupied flat for extended periods, typically beyond 30-60 days. Block of Flats Insurance with Unoccupied Cover A tailored policy that protects both occupied and vacant flats within the same building.

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Property Insurance Insurer Insured Insurance 52

Rough Notes

FEBRUARY 4, 2025

contracted with William and Amy Dempsey to build a home on real property they owned in the Boise Foothills. In 2015, after contracting with the Dempseys, BrunoBuilt added the Dempsey project to its Tailored Protection Policy (TPP). With the assistance of […]

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Building Protection Policy Insurer 52

PSM Brokerage

JANUARY 23, 2025

Clients who purchase a Medicare supplement plan are statistically more likely to add additional policies, such as: Dental, Vision, and Hearing Plans: Many Medicare supplements dont cover these services, making standalone policies a natural addition. Build long-term client relationships.

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Out-Of-Pocket Agents Life Insurance Policy 77

The Property Insurance Law Observer

MAY 21, 2024

The New York Supreme Court recently weighed in on what constitutes “reasonable care” to maintain heat in the context of a first-party insurance policy exclusion requiring such reasonable care. The house was insured under a homeowners policy issued by Leatherstocking Cooperative Insurance Company. In Michael Zimmerman v.

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Final Expense Brokerage

JUNE 30, 2024

By building trust and rapport, you can overcome objections more effectively. By demonstrating empathy and understanding, you can build a stronger connection and address objections more effectively. Additionally, explain any unique features or additional benefits of the specific insurance policies you offer.

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Insurance Agent Insurance Agents Agents Insurer 130

Final Expense Brokerage

AUGUST 5, 2024

This could be in the form of weekly emails or calls to update them on the progress of their policy applications and any additional information required. Example: “Just a quick update: your policy application is currently being processed, and we expect to have everything finalized by next week. Example: “Your policy has been approved!

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