Townhouses: HO-3 or HO-6?
An often asked question is, “Which is more appropriate when writing a townhouse within a homeowners’ association that purportedly provides the real property coverage for the entire building?” This is a really good question because in these situations, the agent must choose between the HO-3 and the HO06. Read the article ...
Additional Information Means Better Coverage.
One major reason to seek full prospect or client information is to, when necessary, secure proper premium for additional parties. This is typically achieved by adding endorsements. Endorsements allow coverage to be modified to fit situations that deviate from what is covered under a base policy form. Naturally, separate endorsements and, when applicable, additional premium allows for more precise coverage and pricing.
Click here for an example of an additional insured endorsement’s wording under one commercial general liability’s endorsements section in PF&M.
Your insured asks, “If I do ‘X’, am I legally liable?” Or, “If ‘this’ happens, am I legally liable?” How do you response to such questions from your customers? Do you simply refer them to an attorney or do you provide some guidance with the caveat that you're not an attorney and not providing legal advice?
Kids at College: Does ISO’s Age Limitation Really Apply?
Based on the dictionary meaning of “resident," is there really an age limitation on kids away at college? Paragraph 5.a.(1) states that an insured is a relative who is a resident of your household. Paragraph 5.b.(1) states that a student who WAS a resident before MOVING OUT to attend school is an "insured." It does not appear an age limitation really applies if residency existed and the adult child never changed residency.
It’s not the epitaph on your tombstone but the record of your deeds that may perpetuate your name after death.
Alfred Nobel had an opportunity afforded to very few. When his brother died, the newspaper confused the two and published Alfred’s obituary instead of his brother’s. As he read his own obituary, Alfred realized that the world would remember him for his invention of dynamite — an instrument of destruction. It was because of that experience that he decided to fund the Nobel Prizes. Today, most of the world knows his name in connection with humankind’s greatest achievements. Good deeds live on in the minds of others. When you do a kindness for someone else, you set in motion a force for good that will remain long after you’re gone.
Unbelievable Hail Storm Damage
Homeowner's / Renter's Insurance Basics
Hail Damage Dilemma
Some insurers are apparently introducing homeowners policy provisions requiring the reporting of hail damage claims within 6 months of their occurrence, even though the damage may not be discovered for a year or more after the hail storm. One insurer limits lawsuits by policyholders on the same basis? Is this legal? Is it reasonable?
If you start at the top, you can move in only one direction — downward.
Perhaps the worst thing that might have happened to you would be to have been born with the proverbial silver spoon in your mouth. For had you been born into privilege, you would have been deprived of one of the world’s greatest gifts: the opportunity to reach the highest levels of success of which you are capable, solely on the basis of your own merit. If you were born with less than most, don’t resent others who seem to have more advantages. In truth, the real advantage is yours, for you will develop the self-confidence that comes only from meeting life’s challenges on your own terms. As you progress, you gain the strength and knowledge necessary to assure your enduring success, things that cannot be given to you, but must be earned.
Home Insurance Tutorials
Home Insurance Tutorials