American Agents Alliance

JULY 17, 2024

Every part of the insurance lifecycle is changing in the digital age, including the handling of claims. Agents and brokers play important roles in the digital claims management process, from educating policyholders on loss mitigation to helping insureds file claims and work with their insurers.

Broker-Agent 52

Broker-Agent Broker Agents Claim 52

Unitas Financial Services

MAY 2, 2022

In our series on Insurance Vendor Management, we have covered the 9 Critical Steps for Insurance Vendor Management , Specialization of the Insurance Company and the Agent , How to Evaluate an Insurance Policy, and Claims and Administration of the Policy.

Insurance Companies 52

Insurance Companies Insurance Policy Insurer Insurance 52

The Property Insurance Law Observer

SEPTEMBER 23, 2024

American Guarantee and Liability Insurance Company , the United States District Court for the District of Massachusetts held that a loose bolt or fitting that could be remedied simply by tightening it did not constitute “direct physical loss of or damage” to equipment covered under an all-risk property insurance policy. [1]

Damage 130

Damage Business Interruption Property Damage Policy 130

Unitas Financial Services

APRIL 21, 2022

In this series on Insurance Vendor Management for Lenders, we discussed how to evaluate an insurance policy, the specialization of the insurance company and the agent, and the 9 Critical Steps for Insurance Vendor Management. In this article, we tackle claims and administration of the policy.

Claim 52

Claim Insurer Insurance Insured 52

The Property Insurance Law Observer

MARCH 18, 2024

A federal court recently held that an insurer could not deny coverage under a homeowner’s policy based upon the failure of the named insured’s son, an “insured person,” to submit to an examination under oath (“EUO”). Allstate Vehicle and Property Insurance Company , Civil Action No. In Michelle Adeola v.

Insurer 130

Insurer Insurance Insured Property Insurance 130

Property Insurance Centre

SEPTEMBER 25, 2024

Accidental damage is not usually covered by a normal building insurance policy. Define the maximum amount that you are willing to spend additional in the case of a claim. – Failure to read particular policy documents. Key Takeaways Building insurance is essential to protect your property, but it can be complex.

Building 52

Building Damage Insurer Insurance 52

The Property Insurance Law Observer

MARCH 4, 2024

At issue in the case was the application of the policy’s wear and tear exclusion and its exceptions. The insurance policy covered direct physical loss but contained an exclusion for physical damage caused by wear and tear, marring or deterioration. Conclusion This decision underscores the importance of clear policy language.

Damage 130

Damage Policy Claim Property Damage 130

Paragon Independent Insurance Agencies

JULY 31, 2024

A home insurance deductible is the money you must pay out of pocket when filing a claim before your insurance kicks in. To be more clear, you don’t pay the money to the insurance company. Instead, the company pays for the damages for a covered loss minus your portion, which is the deductible.

Deductible 40

Deductible Home Insurance Out-Of-Pocket Insurance Agency 40

Bankers Insurance

MAY 16, 2024

These policies can provide critical financial security as homeowners seek to protect their fiscal stability and property. The homeowners insurance market is complicated and dynamic, and many policyholders have experienced increased rates in recent years despite no changes to their coverage or claims filed. WHAT HAPPENED IN 2023?

Home Insurance 52

Home Insurance Policyholder Out-Of-Pocket Property Damage 52

TGS

OCTOBER 3, 2024

Conversely, homes further inland or in areas with lower crime rates often benefit from lower insurance costs. The more risks your area poses, the more your insurance company will charge to protect you. These features reduce the risk of significant damage or theft, meaning less risk for the insurance company.

Premium 52

Premium Deductible Out-Of-Pocket Insurer 52

Protect Commercial Insurance

OCTOBER 4, 2024

As interest-backed assets offer higher returns, insurers might become more inclined to increase their pricing models to cover potential future claims. Therefore, higher interest rates can sometimes lead to more expensive insurance. Underwriting involves evaluating risks and determining suitable premiums for policyholders.

Property Insurance 52

Property Insurance Out-Of-Pocket Premium Insurer 52

InsuredMine

AUGUST 27, 2024

Send Documents Quickly to your Clients With e-signatures, insurers can send documents to clients right away. Now, as soon as an agent finalizes a policy or claim document, it can be instantly transmitted to the client’s email or smartphone.

Insurer 96

Insurer Insurance Insured Claim 96

Mark Jackson Insurance Agency

APRIL 1, 2024

This detailed list of your possessions not only aids in the homeowner insurance claim process, but also helps in the recovery and replacement of lost items. This additional layer of documentation can help provide proof of ownership and value, which can be critical for high-value item claims.

Theft 52

Theft Insurance Policy Claim Policy 52

Hunton Andrews Kurth

FEBRUARY 15, 2024

Companies face significant exposure from privacy related claims. An increasing number of these claims result from efforts at the state level to regulate use of personal data. Visual Pak tendered the claim to its insurers. The court also discussed the Seventh Circuit’s Citizens Insurance Company of America v.

General Liability 52

General Liability Insurance Policy Claim Policy 52

Final Expense Brokerage

MAY 10, 2024

Share: Understanding the Role of a Life Insurance Agent As a life insurance agent, your primary role is to help individuals and families protect their financial future by providing them with suitable life insurance policies.

Life Insurance 100

Life Insurance Insurance Agent Insurance Agents Agents 100

The Property Insurance Law Observer

AUGUST 22, 2024

Harleysville Insurance Company , 2024 WL 3792261 (D. 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.

Commercial Property 130

Commercial Property Building Damage Policy 130

Protect Commercial Insurance

JULY 26, 2024

It provides coverage for third-party bodily injury or property damage claims that may arise from accidents on your premises or as a result of your products or services. Product Liability Insurance As a tailor, you create and sell products to your customers. Don’t let your policy auto-renew without considering other options.

Commercial 52

Commercial Insurance Broker General Liability Business Interruption 52

Shield Insurance Agency

JULY 8, 2024

Getting Covered After Retirement While it may seem challenging to get life insurance coverage after retirement, it’s certainly not impossible. Many insurance companies offer specific policies tailored to the needs of retirees. Understanding the available insurance options is key to making informed decisions.

Life Insurance 52

Life Insurance Insurance Agency Insurer Insurance 52

Word & Brown

SEPTEMBER 13, 2024

4: Preauthorization Requirements and Procedures Some health, supplemental, and other types of insurance policies require pre-approval for certain services or procedures. You could also be asked about a plan’s claims efficiency rating or A.M. Claims processes vary by plan type and carrier or administrator.

Broker 52

Broker Out-Of-Pocket Broker-Agent Insurer 52

Wren Insurance Agency

AUGUST 7, 2024

(Citizens - the State-backed home insurer is one of the only exceptions to this. They will not allow a change to or from their coverage until your current policy's expiration). Make sure your new insurance policy's start date is the same as your current policy's end date.

Insurance Carrier 52

Insurance Carrier Policy Home Insurance Insurer 52

Smart Insurance Agents

SEPTEMBER 7, 2024

Understanding dependent eligibility is important for people and families who want complete health insurance coverage. Dependent Definition For Health Insurance Terms In health insurance, a dependent is a person who follows certain rules set by the insurance policy. This group usually includes spouses and children.

Policyholder 52

Policyholder Insurer Insurance Insured 52

Shield Insurance Agency

APRIL 19, 2024

Michigan is a state with unique auto insurance requirements that can sometimes be confusing to navigate. Among these requirements, collision coverage is a significant aspect that drivers should understand in order to make informed decisions about their insurance policies.

Auto Insurance 52

Auto Insurance Deductible Out-Of-Pocket Insurance Agency 52

LexisNexis

OCTOBER 10, 2024

If the PEO’s insurance company is paying benefits, there is no need to join the servicing agent or special employer. If a PEO or employee leasing company claims to be self-insured, investigate that claim. effective 1-1-2013, prohibits PEOs and employee leasing companies from self-insurance.

Workers Compensation 75

Workers Compensation Compensation Workers Compensation Insurance Injury 75

Neilson Marketing Services

JULY 16, 2024

With market shifts, changing technologies, and increased consumer expectations, what does SEO for insurance companies look like today? To help you hone your SEO for insurance company success and get in front of your customer base, we’ve created this guide to the latest trends and best practices in SEO tailored for insurance companies.

Insurer 52

Insurer Insurance Insured Insurance Companies 52

Jackson & Jackson

AUGUST 16, 2024

These events can cause extensive damage to homes and properties, leading insurers to be more cautious in providing coverage. The increasing frequency and severity of natural disasters in recent years have made insurance companies more hesitant to take on the risks associated with insuring California homeowners.

Insurer 52

Insurer Insurance Insured Risk 52

Smart Insurance Agents

AUGUST 31, 2024

Health insurance is designed to offer financial support for various medical and dental services, including oral surgeries. To determine if your wisdom teeth removal is covered, you should review your insurance policy and consult with your insurance provider or dental professional.

Out-Of-Pocket 52

Out-Of-Pocket Deductible Insurer Insurance 52

Friendly Agent

DECEMBER 3, 2020

Becoming an insurance agent checks all boxes. Your earning potential is based on insurance policies. In fact i’ll argue that the best way to get into an insurance agency business is by working part time initially. Generally an agent gets paid 8%-15% of premium for each P&C insurance policy issued.

Insurance Agent 130

Insurance Agent Insurance Agents Agents Insurance Carrier 130

Property Insurance Centre

JANUARY 4, 2024

. “Insureds need to be aware of the potential risks they face and work closely with their insurers to understand the coverage limitations and take proactive measures to protect their properties.” Labour Costs and Insurance Premiums Labour costs are another significant factor affected by inflation.

Property Insurance 52

Property Insurance Commercial Property Liability Premium 52

Smart Insurance Agents

SEPTEMBER 17, 2024

Insurance companies categorize OB-GYN services differently from primary care, leading to higher reimbursement rates, co-pays, and potential out-of-pocket costs for patients visiting specialists. Providers who are in-network with insurance companies can submit claims for reimbursement directly, potentially lowering patient costs.

Out-Of-Pocket 52

Out-Of-Pocket Out-Of-Pocket Expense Insurer Insurance 52

Property Insurance Centre

MARCH 19, 2024

It empowers individuals to make informed decisions about insurance coverage and understand their policy rights. Consumer education ensures that individuals are prepared and protected with the proper insurance coverage and are knowledgeable about the claims process. Leads to confusion and potential gaps in coverage.

Property Insurance 52

Property Insurance Policyholder Insurer Insurance 52

Maritime Insurance International

MARCH 16, 2020

Perhaps the most important decision boat owners need to make when purchasing boat insurance is how they want their claim to be settled in the event of a total loss of their boat. There are three types of boat insurance policies, each of which pays out on a total loss differently. What Are the Main Types of Boat Insurance?

Insurer 40

Insurer Insurance Insured Premium 40

TGS

OCTOBER 3, 2023

How to Read Your Homeowners Insurance Quote 1. Insurance Company 2. Policy Number 3. Insurance Company The name of the carrier that will be insuring your home can be found at the top of your quote. Sometimes this will actually be a subsidiary company of a parent insurance carrier.

Insurance Quotes 52

Insurance Quotes Deductible Home Insurance Out-Of-Pocket 52

Protect Commercial Insurance

SEPTEMBER 13, 2024

Understanding the Role of Insurance Brokers Insurance brokers operate as intermediaries between clients and insurance companies. Their primary role is to offer professional guidance and services to their clients, ensuring they obtain the most suitable and cost-effective insurance coverage.

Commercial Insurance 52

Commercial Insurance Broker Commercial Broker-Agent 52

Bankers Insurance

JULY 8, 2024

TRAVEL INSURANCE FOR BUSINESSES Travel insurance offers a broad range of benefits and services, such as worldwide emergency hotline services, medical evacuation, reimbursement for unexpected cancellation or delay and more. Travel insurance is designed for problems that arise suddenly during a trip.

Workers Compensation 52

Workers Compensation Insurer Insurance Insured 52

Distinguished

JULY 22, 2024

Unfortunately, these unique risks are rarely appropriately covered by standard homeowner insurance policies. Avid collectors who rely on their homeowner’s policy are likely to encounter low coverage limits — if their collectibles are covered at all. For most, this will mean a collectibles policy.

Insurer 52

Insurer Insurance Insured Broker-Agent 52

Majesco

AUGUST 8, 2024

Data Intake – To create a group, benefits, or worksite quote, sales and underwriting teams must collect and process numerous pieces of information from RFPs, such as past plan booklets, policy summaries, employee census data, previous claims experience, and general client information (industry, company size, etc.).

Underwriter 66

Underwriter Underwriting Insurer Insurance 66

Property Insurance Centre

AUGUST 8, 2024

However, if it goes more long term the insurers can at worst pull cover entirely leaving you to search the market for an alternative, or perhaps apply more stringent conditions and charge a rather large additional premium – usually refundable on a pro-rata basis, assuming you are able to let the property out again!

Insurer 52

Insurer Insurance Insured Premium 52