Personal Lines

The drive to find more affordable coverage was amplified during 2020 as many consumers looked to trim expenses. This has stabilized in 2021 with a return to pre-pandemic trends in shopping and claims.

With today’s technology enhancements, writing life insurance can help drive additional revenue from your current book of clients or create new opportunities altogether.

The carrier says that a totaled food truck, which is two years old and has driven 22,000 miles, has depreciated over 30%. It bases the price on a “market survey.” Can the insured dispute the appraisal based on actual physical depreciation?

The life settlement industry has come a long way over the last few decades. Adding life settlements to the list of options allows agents to offer a broader range of services to clients.

A landlord asked if he could purchase a renters policy for his renters. However, he requires them to purchase insurance when they sign the lease. Is that possible?

Gabriela Dominguez, principal of Avante Insurance in Miami, is giving the Latino community a voice in the insurance industry. “I’ve enjoyed making a difference in bringing the concerns of our community higher up,” she says.

A personal auto client has liability coverage only on his car. He brought it to a franchise repair shop and the car was stolen while in the shop’s care, custody and control.

Clients have purchased remote-controlled electric golf bag carriers. How would a homeowners policy respond if one of these ran into a person or another vehicle, either on the course or in the parking lot of the clubhouse?

While the personal auto market may come under pressure in the short term, there are opportunities for agencies to grow. Here are four ways agents can improve their personal auto book

“A fender bender is no longer minor and can cost thousands of dollars to repair,” says independent agent Josh Farm. “What’s interesting is auto insurance premiums have overall stayed steady—we will see if that continues!”