Property Insurance Coverage Law

AUGUST 4, 2024

Insurance policies protect you from the cost of replacing lost, damaged, or stolen items: or at least, that’s how they’re supposed to work. But what happens if your insurance company refuses to pay what you are owed?

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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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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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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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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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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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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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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

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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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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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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Leadsurance

NOVEMBER 19, 2024

Because every company assesses risk differently, this leads to a difference in price over the same coverage. Most insurance companies will allow you to achieve this in the comfort of your home by providing online quoting tools. If you have other insurances, try to get all of them under one policy provider.

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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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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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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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ProWriters

OCTOBER 2, 2024

As an insurance broker, you likely recognize that while these technologies drive business operations, they also increase vulnerability to cyber crime, making Cyber Insurance a necessity for your clients. Helping your clients understand cyber risks and Cyber Insurance policy jargon can be challenging.

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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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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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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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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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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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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.

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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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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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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.

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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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TGS

NOVEMBER 1, 2024

This is especially important because your insurance company will use the police report to help determine fault and process your claim. You’ll need their name, contact details, insurance policy number, and driver’s license information. This visual evidence can be pivotal when filing a claim with your insurance provider.

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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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Distinguished

OCTOBER 31, 2024

What you should share with the insurance company to help save on cost without compromising coverage. Notify your insurer and broker as soon as possible, detailing how, when, and where the loss occurred and what property may be damaged. Paint a picture – it’s more than just what’s on the application.

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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.

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Smart Insurance Agents

OCTOBER 13, 2024

But “no waiting period” dental insurance policies let you use certain dental services right away, starting from the first day of your policy. Understanding dental insurance policies without waiting periods can help you make an informed decision when choosing the right plan for your dental needs.

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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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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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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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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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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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Frankenmuth Insurance

NOVEMBER 14, 2024

Take photos of the damage for your insurance records. Review your insurance policy. Talk to your insurance agent to evaluate your homeowners insurance policy and coverages. Contact your insurance company to review your homeowners coverage and file a claim. Reach out to professionals.

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