P&L Financial Services

AUGUST 29, 2024

Myth 1: Senior Benefits Agents Are Just Salespeople One of the biggest misconceptions about senior benefits agents is that their job is solely about selling insurance policies. Let’s debunk these myths and reveal the true nature of this important role. While sales are certainly a part of the job, the role is much more comprehensive.

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Property Insurance Coverage Law

AUGUST 21, 2024

Ohio Casualty Insurance Company, 1 is a case decided last week involving vacancy clauses often found in property insurance policies, the impact of forfeiture clauses, and how those clauses can be waived. Sinjel, L.L.C.

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Casualty Insurance Property Insurance Insurance Policy Insurance Companies 142

Final Expense Brokerage

MAY 15, 2024

These commissions are the earnings that insurance agents receive for selling insurance policies to clients. As an insurance agent, understanding the basics of how commissions work is essential for maximizing your earnings. Agents who excel in these metrics may be eligible for additional commission bonuses.

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Insurance Agent Insurance Agents Agents Insurance 100

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.

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Insurance Insurer Insured Property Insurance 130

Top Insurance Blogs

OCTOBER 19, 2024

Root Insurance is a tech-driven insurance company that focuses on providing auto insurance policies based on drivers’ habits rather than relying solely on traditional factors like credit scores or demographics.

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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]

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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.

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Property Insurance Centre

SEPTEMBER 25, 2024

Accidental damage is not usually covered by a normal building insurance policy. These can be added to your policy for an additional premium. Exclusions Building insurance policies will have exclusions, which are specific events or circumstances that are not covered by your policy.

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North American Software Associates

OCTOBER 25, 2023

Nobody likes feeling as if they're stuck in an inflexible, binding contract — especially when it comes to insurance policies. But if a client could up and leave any time they wanted to without consequence, they'd constantly be bouncing around from insurance company to insurance company, scouring for the best rates.

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The Property Insurance Law Observer

AUGUST 1, 2024

In Zurich American Insurance Company v. 23, 2024), the Supreme Judicial Court of Massachusetts held that the term “surface waters,” as used in a limitation contained in commercial property insurance policies, was ambiguous in the context of rainwater accumulating on roofs, thereby finding coverage for the insured.

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Commercial Property Damage Commercial Policy 130

Redbird Agents

JULY 18, 2024

Compare quotes available to you from up to 30 insurance companies. Several Policy Options and Companies One of Choice Mutual’s strengths is the number of companies it partners with. Other agencies typically have only 1-3 insurance companies they can offer you.

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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.

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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.

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Final Expense Brokerage

JUNE 7, 2024

Illustrate the advantages of final expense insurance that might not be covered by their current policy, such as covering funeral expenses, medical bills, and other end-of-life costs. Guide them through the policy specifics step by step and address any queries or doubts they may have. I have doubts about insurance companies."

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Protect Commercial Insurance

OCTOBER 4, 2024

Therefore, higher interest rates can sometimes lead to more expensive insurance. Changes in Underwriting Processes Interest rates can also shape the underwriting processes used by insurance companies. With rising interest rates, insurers might re-assess risk portfolios and adjust their criteria to ensure profitability.

Property Insurance 52

Property Insurance Out-Of-Pocket Premium Insurance 52

Redbird Agents

SEPTEMBER 13, 2024

In fact, insurance companies with well-structured marketing plans are not only better positioned for growth but also become attractive candidates for future mergers and acquisitions (M&A). Create Educational Content: Publish articles, guides, or videos that answer common insurance questions.

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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.

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Commercial Property Building Damage Policy 130

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.

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Life Insurance Insurance Agency Insurance Insurer 52

Boyle Agency Insurance

MAY 3, 2024

Home Insurance Claim Step II: Contact Us, Your Agent, or Your Insurance Company As soon as it is safe to do so, contact us @ (201) 939-1076 or your insurance company to report the incident. Take note of your policy number and keep it readily available for reference. Call us if you have any questions.

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Home Insurance Insurance Claim Claim Damage 52

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.

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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.

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Shield Insurance Agency

AUGUST 20, 2024

Many policyholders may be tempted to file a claim for every little incident in the belief that their insurance policy will cover all damages. However, filing small insurance claims can have long-term financial consequences. One major consequence of filing small insurance claims is the potential for increased insurance premiums.

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Bankers Insurance

MAY 16, 2024

Sustained losses inflicted by natural disasters spurred some insurance companies to pull out of the homeowners insurance market in high-risk areas, such as California and Florida, leaving residents with fewer options and higher prices. Even among typical homeowners policies, premiums likely increased year over year.

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Home Insurance Policyholder Out-Of-Pocket Property Damage 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

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.

Damage 130

Damage Policy Claim Property Damage 130

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.

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Out-Of-Pocket Deductible Insurance Insurer 52

American Agents Alliance

JULY 17, 2024

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. Data shows about 6% of homeowners filed a claim under their homeowners insurance policies during the five years ranging from 2018 to 2022.

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Top Insurance Blogs

OCTOBER 8, 2024

These questions and other related questions will be getting their worthy answers as this article covers almost all the basics of travel insurance today. Several insurance companies and products exist to help cushion the effect of risks and perils associated with a particular sphere of endeavor.

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Insurance Insurer Insured Risk 52

Final Expense Brokerage

APRIL 12, 2024

Final Expense Brokerage: Advantages: Specializing in final expense insurance policies, Final Expense Brokerage offers agents access to a diverse array of carriers and products specifically designed for this market segment. Furthermore, they offer $200 towards lead orders with specified companies, easing lead generation for agents.

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Bankers Insurance

SEPTEMBER 6, 2024

Since it provides a death benefit but no cash value, term life insurance is a cost-effective way to protect your beneficiaries for a set period. The term “cash value” refers to the savings component of a permanent life insurance policy, which represents the policy owner’s equity in the plan.

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Life Insurance Premium Insurance Insurer 59

Mark Jackson Insurance Agency

APRIL 1, 2024

Why a Home Inventory is Crucial A home inventory is invaluable in providing evidence of ownership and the condition of your belongings to your insurance company, ensuring a smoother and faster claims process. Finally, it's imperative to review your insurance policy regularly to understand your coverage fully.

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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.

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Out-Of-Pocket Out-Of-Pocket Expense Insurance 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.

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Insurance Carrier Policy Home Insurance Insurance 52

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.

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Hunton Andrews Kurth

FEBRUARY 15, 2024

The court noted that its decision differed from other precedent, including the Illinois Supreme Court’s West Bend Mutual Insurance Company v. decision, in which the Illinois Supreme Court found that an insurer had a duty to defend its insured against a BIPA lawsuit despite similar exclusionary language in that insurance policy.

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Word & Brown

SEPTEMBER 25, 2024

There are two ways to appeal a claim denial or declined coverage decision: Internal Appeal: Your client may ask the insurance company or administrator to conduct a full and fair review of its decision. If the case is urgent, the insurance company must accelerate this process. They often include a timeline for appeal.

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Claim Insurance Claim Out-Of-Pocket Insurance 52

Protect Commercial Insurance

JULY 26, 2024

Insurance premiums can vary significantly between providers, so it’s essential to compare quotes from multiple insurers. Here are a few tips to help you find the best rates: Research and Compare Take the time to research different insurance companies that specialise in commercial tailors insurance.

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