Excerpt from ia Magazine – Author Bill Wilson | An agent’s insured has multiple rental properties. During a recent inspection, the insured found hail damage to a roof and reported the claim to his agent, but was not sure of the date the hail caused the damage. Q: “The adjuster claims the last hail storm… Read More: Property Damage: When is Recovering ACV (depreciated value) the Only… »
From Insurance Business America: Author: Caitlin Bronson – December 8, 2014 | Insurance agents working with victims of 2012’s Superstorm Sandy may have reason to celebrate this week. Faced with continued pressure from Sandy victims and their advocates, the Federal Emergency Management Agency announced a number of significant reforms to the National Flood Insurance Program… Read More: FEMA announces substantial changes to flood insurance [Again!] »
Thanks to our friends at Insurance Business America Author: Caitlin Bronson – October 31, 2014 | As auto insurance increasingly moves into the ranks of commoditization, Americans find themselves more or less satisfied with their automobile insurance. Still, the debate rages on over which factors—such as education, credit score or income level—can be used… Read More: The 13 most expensive American cities to buy auto insurance »
Thanks to our friends at Insurance Business America Author: Caitlin Bronson – August 20, 2014 | The world is transfixed on the rioting in Ferguson, Mo. following the police shooting of unarmed 18-year-old Michael Brown on Aug. 9. Sky-high tensions in the town of 20,000 have resulted in the arrests of 78 people and as-yet… Read More: The riots in Ferguson: What insurance applies? »
Excerpted from Independent Insurance Agents of Iowa, Iowa Agent Newsletter – June 23, 2014 | Question: My client’s house was damaged by hail, the siding is no longer made and can’t be matched. How should this loss be settled? The client has replacement coverage on the home and the carrier does not believe they have to replace all the siding to match.… Read More: When Partially Damaged Siding or Roofing Doesn’t Match the Undamaged… »
Thanks to our friends at Insurance Business America Author Caitlin Bronson – June 05, 2014 | One of the most hotly debated underwriting factors in auto insurance, an applicant’s credit history continues to be used significantly in crafting policy rates. A new report from WalletHub may make that task easier, however. Researchers at the consumer… Read More: How your credit history affects auto insurance pricing »
Despite steady increases in premium prices during the past five years, auto owners’ satisfaction with auto insurers is reaching record-high levels, according to a recent J.D. Power 2014 U.S. Auto Insurance Study. Auto insurance satisfaction at an all time high: report
Public liability coverages generally defend against third-party allegations of your negligent action or non-action. That is, you or another insured are alleged to have committed a civil wrong or tort. Bodily injury liability (BI) and property damage liability (PD) coverages can be purchased with either split limits – a separate limit for BI and for PD, or a combined single… Read More: What automobile public liability insurance limits do you recommend? »
Author: Bob Walton, Walton Insurance Agency, Inc. – Since its invention in the 1930s by Blairstown, Iowa native George Nissen, the trampoline has proven to be one of the more dangerous sports devices ever invented. It has led to countless injuries, ranging from bruises and sprains to broken bones, paralysis and death. So say such… Read More: Why don’t insurance companies want to insure Trampolines? »
Author & Copyright: National Association of Insurance Commissioners (NAIC) Why You Need Insurance “Homeowners insurance is an important purchase for many people. There are two major reasons to buy homeowners insurance: • To protect your assets Homeowners insurance covers the structure of your home and your personal property, as well as your personal legal responsibility… Read More: The NAIC: “Consumer’s Guide to Home Insurance” »