A client is purchasing half of a duplex to rent on a long-term lease. The underwriter says that coverage should be written on an HO3 policy with an endorsement providing coverage for rental to others.
The latest driving behavior survey from Nationwide revealed that both personal auto and commercial drivers partake in risky behaviors that impact all drivers on the road.
As the climate changes, independent agents play a major role in educating their clients on the need to purchase flood insurance, as well as providing advice to them on the steps to take to protect their property.
The new program helps high net-worth homeowners secure adequate levels of coverage in areas where wildfires have increased in frequency and severity.
Agents must be willing to put in the work to overcome a maze of U.S. and foreign regulations, as well as logistical hurdles, to get foreign national clients’ policies funded.
As automotive claim severity increases for bodily injury, property damage and collision, clients should consider protecting themselves with uninsured or underinsured motorist umbrella coverage.
“The mobile home industry has come a long way from the ‘trailer days’ and is a viable alternative for many Texans in these economic times,” says independent agent Kirk Kotylo. “This market will continue to grow, and these customers are looking for a soli
Despite its importance, many consumers hesitate to increase or obtain life insurance coverage. It’s important for agents to address these barriers sensitively and provide informed guidance built on a foundation of trust.
For agents, roadside assistance policies offered by carriers present an opportunity to deliver a superior level of service and support to auto clients.
The harsh reality of unprecedented losses and unprofitability in homeowners and auto insurance means the extra protection provided by personal umbrella coverage is growing more and more necessary.
