Remove Insurance Carrier Remove Policy Remove Policyholder
article thumbnail

What is a "Surplus Lines" Insurance Carrier and Do I Need One?

Wren Insurance Agency

Costs can be higher for policyholders and if a surplus lines carrier goes insolvent, existing claims will not be paid by the State.

article thumbnail

Agency Bill Or Direct Bill: It Pays To Prepare For Both

Agency Intelligence

Or are you simply looking for ways to bind policies, get paid, and/or move funds across the industry faster? A key consideration is how your policies are billed. Let’s quickly review the basics: Direct bill means the insurance carrier bills the policyholder […] Are you a brokerage expanding into new lines?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why are Homeowners Insurance Rates Increasing?

Scott Insurance

According to Money.com , an independent publisher, recent year-over-year premium increases have averaged 20%, and policyholders should expect to see at least a 10-15% increase in 2024. Increased Replacement costs Most homeowners policies are designed to completely pay for replacing a home in the event of a total loss.

Premium 52
article thumbnail

CHUBB INSURANCE FOR NJ HOMEOWNERS

Boyle Agency Insurance

Great Protection – Fair Price Bogle Agency Insurance of Lyndhurst NJ offers Chubb Masterpiece Homeowners Insurance to NJ homeowners. Chubb is a top American insurance carrier that offers a quality product to NJ homeowners to protect their most valuable asset, their home.

Insurer 52
article thumbnail

Building Bridges — A Guide to Strengthening Carrier Relationships For Agents

American Agents Alliance

Developing and maintaining strong, trusting carrier relationships is essential for an independent agent or broker. Collaborative partnerships with carriers improve service for policyholders, enhance an agency’s growth potential, and provide learning opportunities for agents. Proactively solve problems alongside carrier partners.

article thumbnail

INSURING YOUR NJ HOME WITH CHUBB

Boyle Agency Insurance

Outstanding Homeowners Insurance Coverage Bogle Agency Insurance offers Chubb Masterpiece Homeowners Insurance to NJ homeowners. Chubb is a leading American insurance carrier and in the interest of serving our clients’ needs, we offer the best coverage.

Insured 40
article thumbnail

FAIR Plan Under Fire: Class Action Claims Smoke Damage Coverage Falls Short

American Agents Alliance

The lawsuit, filed in Alameda County Superior Court, argues that the FAIR Plan’s handling of smoke claims falls short of the legal standards for fire insurance policies mandated by state law. In reality, the plaintiffs argue, the changes resulted in more denied claims and less protection for homeowners.

Damage 40