After a shopping cart was blown 30 yards across a parking lot into a client’s car, the agent believes the windstorm damage is a comprehensive loss. The adjustor says the object is a collision loss because the object must be falling to be caused by a windstorm.
How are shifting trends impacting independent agents’ personal lines strategies? And what do clients want from their insurance relationships? Here are seven trends for the future of personal lines insurance.
Insurers are expanding the use of auto telematics data to inform risk assessment and pricing in other personal lines. Here’s what’s driving the trend and how independent agents can implement it.
Answer common questions and paint a picture for your clients of what to expect in this year’s personal auto insurance market by being prepared to discuss these six market trends.
As we head into a new year, there’s no better time to equip producers with foundational insurance industry knowledge and concepts.
The program includes specialized classic car coverages and pricing models that account for the reduced accident frequency often associated with collector vehicles.
The ‘90s have officially achieved classic status.
A client had car trouble and pulled into a private drive to investigate. The car leaked transmission fluid onto the driveway but the carrier denied coverage for the damage.
A delivery driver had an accident while running an errand for his employer in his personal auto, but his carrier has denied the claim based on the public or livery exclusion.
Not only is the hobby transitioning to new generations, both to Generation X and millennials, it is also witnessing the evolution to electric vehicles (EVs).
