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Explaining Deductibles After Multiple Florida Hurricanes

Insurance Journal

Deductibles serve several purposes. They provide some premium relief for the insured. They make insureds less likely to file smaller claims because either damage falls within the deductible, or is so close to it that the policyholder would rather not …

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Michigan DIFS Urges Residents to Review Policies Amid Winter Risks

Insurance Journal

The Michigan Department of Insurance and Financial Services (DIFS) is urging residents to review their auto, home, and renters’ insurance policies to ensure they fully understand their coverage and have a plan to pay policy deductibles in the event of …

Policy 245
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Decision: Insurer Prevails on Motion in Limine to Exclude RCV Evidence at Trial

The Property Insurance Law Observer

Clear Blue Specialty Insurance Company , No. District Court for the Middle District of Florida granted the insurers motion in limine and excluded evidence and testimony regarding replacement cost value of damages, matching, and to limit damages to direct physical loss. In the recent decision Marquez v. 6:23-cv-2025-ACC-DCI, 2024 U.S.

Damage 130
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Helping Clients Navigate Marketplace Open Enrollment | Solstiuce

Solstice Insurance Broker

As an insurance broker, you can be the compass your clients need. Brokers should advocate for clients year-round, assisting with claims and policy updates. The marketplace is essentially a virtual shopping center where individuals can compare and purchase health insurance plans. Annual open enrollment (AEP) is here.

Broker 100
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Why Museums Should Buy a Stand-Alone Fine Art & Collectibles Policy

Distinguished

While adding these items to a property or package policy might seem convenient, museums face unique exposures that such generalized policies often fail to address. A stand-alone Fine Art & Collectibles insurance policy is designed to provide museums with comprehensive coverage of the items and their vulnerabilities.

Policy 52
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Court Finds Policy Term, “Windstorm,” to be Ambiguous in Coverage Dispute Involving Tornado

The Property Insurance Law Observer

29, 2024)), the Court determined that the term “windstorm” was ambiguous as utilized in the subject insurance policy. The insureds suffered property damage caused by a tornado and subsequently submitted a claim to their insurer. The Windstorm or Hail deductible does not apply to coverage under 7. —Dallas Jan.

Policy 130
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Please Don’t Compare Whole Life Dividends to Universal Life Interest

The Insurance Pro

The post Please Don’t Compare Whole Life Dividends to Universal Life Interest appeared first on The Insurance Pro Blog. There are a lot of life insurance products out there. When looking at options for life insurance that seek to grow cash value, the selection pool does get smaller, but there are still a lot of choices.