5 Foundational Insurance Concepts Producers Need to Know in 2025
As we head into a new year, there’s no better time to equip producers with foundational insurance industry knowledge and concepts.
Technical Knowledge
Can a Property Manager Be an Additional Insured on Landlord’s DP3 Policy?
A landlord’s property management firm wants to be added as an additional insured to the policy, but the carrier requires that the property manager is listed on the deed.
What Endorsement Adds an HOA as an Additional Insured to a Renters Insurance Policy?
An agency is getting regular requests from homeowners associations (HOAs) to list the HOA as an additional insured on its tenants’ renters insurance policies. However, the carriers will only list the HOAs as certificate holders or additional interests.
Service Line Endorsement: Is Damage to a Drain Field a Covered Loss?
A mound system drain field failed, but the carrier denied the claim because piping wasn’t damaged.
Adding a County as an Additional Insured on HO4 for Vacant Land
To grant a permit for a driveway, the county is requiring the property owners to add the county as an additional insured, which the carrier won’t do.
When Does the Continuous Seepage Exclusion Start in a Homeowners Policy?
A carrier denied a claim for floor damage after a condensation line leaked because of the time period over which the leak occured.
