Ask an Expert

How do you explain how a wind or hail buyback policy works? And is a deductible applied to these types of policies?

An admitted carrier in Texas tried to nonrenew a commercial umbrella policy that was due to renew in 30 days. However, the Texas insurance code says insureds must be notified of a nonrenewal 60 days before renewal. When the agent mentioned this, the carrier said it would extend coverage for another 30 days and then…

While cleaning a water tank, a contractor accidentally left the water outlet open. Sandblast media entered the city water supply and contaminated products in a cheese manufacturing facility.

Does a nonprofit organization that has a workers compensation policy in force also need uninsured/underinsured motorist coverage?

Should the uninsured motorist/underinsured motorist limits match those on the bodily injury and property damage liability coverage?

If a contractor receives payment before delivering the materials to the final installation point, are the materials still business personal property or have they become the personal property of others?

If a client’s policy is canceled for nonpayment—whether intentional or not—would it impact that client’s ability to get another policy?

The agency sent the return premium check to the first named insured but was informed the entity has dissolved and was requested to send the check to an individual.

The carrier cancelled coverage based on inspection results from a third-party inspector, but claims the inspection is the inspector’s intellectual property and won’t release a copy.

Should agents let the insured know and track down the premium past due or just let the policy lapse?