Property Insurance Coverage Law Blog
|The Auto-Treatment of Mobile Home Insurance Policies and their Ramifications: Do Not Let Your Insurance Company Roll Away with Both Your Claim and Home
For those who may own a mobile or manufactured home, purchasing insurance for your home is a necessary path to ensuring that your property is protected in the event of a loss. Just to clarify, whether such property is classified as a “mobile home” or “manufactured home” is insignificant for purposes of this blog post... Continue Reading
POSTED SEPTEMBER 17, 2021 10:00 AM
|Ensuring the California Policyholder Complies with Policy Conditions During the Claim Adjustment
A California policyholder’s compliance with all insurance policy conditions is required for claim payment. Understanding the conditions will prevent an unnecessary claim denial and will often speed up claim payment. With yet another historic and tragic fire season occurring this year, let’s review the common policy conditions that are typically encountered during the claim adjustment... Continue Reading
POSTED SEPTEMBER 16, 2021 10:00 AM
|Who Collects the Insurance Claim Proceeds If the Damaged Property Is Sold?
When properly documented and planned, the sale of a damaged property does not create an opening for the insurance company to escape liability from its insurance obligations. When selling your property during a pending insurance claim, policyholders can assign the claim to a new buyer or retain their right to receive insurance benefits under the... Continue Reading
POSTED SEPTEMBER 15, 2021 10:00 AM
|Steve Mullins With Louisiana, Mississippi, and Alabama Ties Joins Merlin Law Group
Anybody who joined me for our Hurricane Ida webinar yesterday could tell that Steve Mullins is an aggressive and experienced property insurance advocate. Steve was born in New Orleans and is the eldest son of Louisiana parents. Steve grew up in Baton Rouge, Louisiana, and along the Mississippi Gulf Coast in Ocean Springs. He is... Continue Reading
POSTED SEPTEMBER 14, 2021 10:00 AM
|The Current State of Recovering Attorney’s Fees in Mississippi
“Can I recover my attorney’s fees?” This is a practical question that might come to the minds of insureds when trying to recover their insurance proceeds following a disaster. In Mississippi, the answer to that question depends entirely on the circumstances of the case at hand. Mississippi historically and currently has very limited routes to... Continue Reading
POSTED SEPTEMBER 13, 2021 10:00 AM
Top Insurance Blogs
|5 Solutions to the Tough Problems the Modern Insurance Industry Are Battling with
The problems facing the modern insurance sector are numerous, and with new trends and technologies affecting how we live, where we live, commute and run our businesses, the insurance industry must constantly evolve to address these new problems. The quest to minimize personal risk is one of the key reasons people depend on insurance. How does insurance work? The way insurance works is that when a client pays a fee, in exchange, the insurance carriers promise to cover any costs associated with future calamities. In today’s article, we will guide you through the five trends that are disrupting the modern […]
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POSTED SEPTEMBER 10, 2021 6:46 PM
|The New Florida Vehicle Insurance Laws You Need to Know in 2021
In today’s article, we shall be looking at the Florida vehicle insurance requirements for anyone that desires to drive within Florida without going against the law. Basic Information About Driving a Vehicle in Florida What type of car insurance policy is required by law in Florida? A proof that you have purchased Personal Injury Protection (PIP) and Property Damage Liability (PDL) automobile insurance must be presented before you can be allowed to register a vehicle with at least four wheels in Florida. While your Personal Injury Protection auto insurance covers 80 percent of all necessary and reasonable medical expenses up […]
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POSTED SEPTEMBER 10, 2021 1:05 AM
|Pre-Loss Inspection — Prepare for the Insurance Claims Process Before the Storm Hits
Knowing how to carry out a pre-loss inspection through the assistance of a credible insurance adjuster helps you prepare for the insurance claims process before the storm hits – especially if you live in Louisiana. Did you know that one of the best steps policyholders can take to ensure their property claims are processed quickly and settled fairly happens before disaster strikes? It’s true. Getting a pre-loss inspection is a proactive step that saves carriers and policyholders billions per year. Too many homeowners get property insurance, pay their premiums, and call it a day. Then when they file a claim […]
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POSTED SEPTEMBER 02, 2021 2:13 AM
|How Does a No-Fault Car Insurance Claim Work in the United States?
In this article, we shall be discussing how no-fault car insurance works, the limits for stepping outside of no-fault and filing a claim against the at-fault driver, and no-fault and “personal injury protection” coverage as add-ons in liability states. Insurance policy comes into play whenever there’s a car accident in the United States. In most states, the driver at fault in the accident is mandated by law to bear all the financial responsibilities for injuries and other losses incurred. Thus they do this through their own insurance company. But in some states too, the car insurance process starts and often […]
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POSTED AUGUST 30, 2021 9:37 PM
|Mentorship, Flexibility, and Family: How Entourage Agent Hub Can Help You Find Independence
When I first started out as an insurance agent, I thought I had it made. I was helping people protect their livelihoods, investments, and loved ones, and I was working with senior agents and learning from their stellar examples. But eventually, the well of mentorship ran dry, and so did my motivation. I knew the level of support, leadership and mentorship I received was critical to how much money I would make in the next twelve months, let alone the next seven days, but without a clear path forward, what was I supposed to do? While there are some insurance […]
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POSTED AUGUST 27, 2021 5:58 PM
Blogs – Insurance Journal
|4 Things You Didn’t Know about Surety
This post is part of a series sponsored by Old Republic Surety. Just as property-casualty agents know that insurance is fun and fascinating, bond producers and underwriters find surety to be fun and fascinating, too. Here are some little-known facts …
POSTED SEPTEMBER 09, 2021 10:48 PM
|Climate Risk is Shaping Insurance – Here’s How
This post is part of a series sponsored by CoreLogic. The New Paradigm of Climate-Conscious Insurance As climate change alters the atmosphere and increases the frequency and severity of natural catastrophes, insurers must adapt to a shifting environment and industry …
POSTED SEPTEMBER 02, 2021 11:24 PM
|Serving small specialty: The role of a service center
This post is part of a series sponsored by The Hanover Insurance Group. There was a time not long ago when most small businesses were well protected by standard lines coverages such as business owners policies, workers’ compensation and auto. …
POSTED SEPTEMBER 01, 2021 3:45 PM
|Protect your Financial Institutions Clients with Coordinated Coverage
This post is part of a series sponsored by The Hanover Insurance Group. Asset managers and depository institutions have a wide variety of organizational structures and a myriad of exposures, making it challenging for independent agents to design coverage plans …
POSTED AUGUST 25, 2021 4:12 PM
|Contractor Materials Shortages and Materials Price Inflation
This post is part of a series sponsored by Old Republic Surety. The 2021 construction boom is great for your contractor clients, right? Yes, demand is up — but contractors also are dealing with soaring costs and supply chain and …
POSTED AUGUST 23, 2021 4:24 PM
The trusted source of unique, data-driven insights on insurance to inform and empower consumers.
|Cyber Insurance’s “Perfect Storm”
Increasing cybercrime incidents resulting in large losses – combined with some carriers retreating from writing the coverage – is driving cyber insurance premiums sharply higher. Once a diversifying secondary line and another endorsement on a policy, cyber has become a primary component of any corporation’s risk-management and insurance-buying decisions. As a result, insurers need to … Continue reading Cyber Insurance’s “Perfect Storm”
POSTED SEPTEMBER 14, 2021 9:00 PM
|Relocated & Property Damaged by Ida? You May Be Eligible for Additional Living Expenses
Standard homeowners and renters insurance policies include additional living expenses (ALE) coverage. ALE pays the costs of living away from home—above and beyond your customary expenses— if you cannot live at home due to damage caused by an insured event that makes the home temporarily uninhabitable. What expenses are typically covered by ALE? ALE covers … Continue reading Relocated & Property Damaged by Ida? You May Be Eligible for Additional Living Expenses
POSTED SEPTEMBER 08, 2021 2:23 PM
|“Silent” Echoes of 9/11 in Today’s Management of Cyber-Related Risks
Before Sept. 11, 2001, terrorism coverage was included in most commercial property policies as a “silent” peril – not specifically excluded, therefore covered. Afterward, insurers began excluding terrorist acts from policies, and the U.S. government established the Terrorism Risk Insurance Act (TRIA) to stabilize the market. TRIA requires insurers to make terrorism coverage available to … Continue reading “Silent” Echoes of 9/11 in Today’s Management of Cyber-Related Risks
POSTED SEPTEMBER 07, 2021 3:30 PM
|After Ida: Stay Safe and Report Damage Quickly
The Insurance Information Institute is working with insurers in the aftermath of Hurricane Ida to monitor property damages and assist consumers as they recover. In this video, Triple-I CEO Sean Kevelighan provides guidance for homeowners to help them ensure a smooth claims experience and avoid being taken advantage of by unethical contractors and other scammers … Continue reading After Ida: Stay Safe and Report Damage Quickly
POSTED AUGUST 31, 2021 5:46 PM
|Ida Expected to Hit Northern Gulf CoastThis Weekend
Hurricane Ida is forecast to hit the Northern Gulf Coast this weekend as a major hurricane. Residents from the Upper Texas Coast to the Florida Panhandle are warned to prepare for impact. In this video, Triple-I’s Mark Friedlander provides detailed guidance for preparation.
POSTED AUGUST 27, 2021 5:39 PM