3 Ways a Personal Articles Floater Can Protect Your Homeowners Clients
Supplementing a standard homeowners policy with a personal article floater or endorsement policy can provide essential coverage for clients.
Homeowners
From the Front Lines: Condominiums
“In the past few years, there have been a number of new high-rise condos that have been completed and more are on the way,” says independent agent Sharilyn Tanaka. “Ensuring that each unit owner has the appropriate insurance is our mission.”
Is an Electric Surfboard a ‘Hovercraft’ and Excluded from a Homeowners Policy?
A carrier is saying an electric surfboard is a hovercraft, but the the agent argues that an electric surfboard would be a watercraft, less than 50 horsepower, and therefore would be covered under the homeowners liability.
Can Agents Help Homeowners Manage Increasing Rates?
Filing a claim against a homeowners policy can be both a complicated and costly matter, but can be made significantly less costly when agents provide advice on how to avoid the worst claim mistakes.
2023 Hurricane Risk Report: 33 Million Homes Under Threat
CoreLogic’s “2023 Hurricane Risk Report” provides a detailed look at what’s at stake for the U.S. as hurricane season commences.
State Farm Withdraws From California Homeowners, Commercial Property Market
State Farm cited the hard market and protecting the company’s bottom line as the reason for the withdrawal.
Consumers Cut Coverage as Economic Anxiety Grows
As economic anxiety increases and the hard market pushes insurance premiums higher, 51% of consumers said they are looking for ways to save money on their existing insurance policies.
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.
Dog-Related Claims Cost $1 Billion in 2022
Over the past 10 years, the average cost per dog-related claim has risen 131.7% across the U.S., an increase attributable to increased medical costs, as well as social inflation.
What’s the Difference Between a DP3 and a HO3?
A client had a secondary home insured with the DP3 that they just moved into on a fulltime basis. When talking with clients, what’s the best way to explain the difference between a DP3 and HO3 homeowners policy?
