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How Moving Affects Your Auto and Home Insurance

Moving can come with a lot of stress. Not only do you have to figure out moving costs, pack and orchestrate the movers, but you also have to update your address across all relevant forms. Two important things to pay special attention to during this time are your auto insurance and home insurance. No one wants to spend hours getting new insurance quotes or transferring over insurance information, but doing so will protect you, your home, and your vehicle during and after your move. Here, we’ve answered the most common auto and home insurance questions to help cover your bases… Read More »How Moving Affects Your Auto and Home Insurance

5 Reasons Why Private Flood Insurance Is a Better Option than NFIP for You

1.Stability. The NFIP (The National Flood Insurance Program) for years has had significant financial issues and has yet to solve them, with legislators “kicking the can down the road” every time proposed reforms come up. The NFIP is fiscally not sustainable and, despite billions of dollars in prior bailouts, according to the U.S. Government Accountability Office, it owes $20+ billion to U.S. taxpayers. Private insurers offer the stability and financial strength insureds are looking for in a flood program. 2. More Coverage. NFIP offers a maximum of $250,000 of flood coverage for a structure and $100,000 maximum for contents coverage whereas with… Read More »5 Reasons Why Private Flood Insurance Is a Better Option than NFIP for You

LLC Insurance

What Is LLC Insurance? LLC insurance is short for limited liability company insurance. It helps protect LLCs from different liability claims, like bodily injury or property damage caused by your:  Business Employees Products  Many small businesses register as LLCs. This separates your business assets from your personal belongings. However, it doesn’t protect your business from the various risks it may face. Depending on the industry your business operates in, LLC insurance may be necessary.  What Does LLC Insurance Cover?LLC insurance from The Hartford provides liability coverages to help protect your business from financial losses. You may want to consider two important… Read More »LLC Insurance

Truck Brokers’ Contingent Liability

Designed to protect truck brokers in the event one of their contracted truckers has a coverage issue. Truck and freight brokerage operations need coverage for the exposures presented when their clients’ policies fail to respond. Our Truck Broker Contingent Liability product helps to service this segment of the industry. Coverages Contingent auto Contingent cargo E&O General liability Limits Truck Brokers Up to $5,000,000 – Contingent Auto, GL, Professional (E&O) Up to $250,000 – Contingent Cargo Truck Leasing $1,000,000 – Contingent Auto $100,000 – Off-Lease Physical Damage Availability National Requirements Contingent Brokerage Application: https://paperless-insurance.com/insurance-application/ Sample Broker Carrier Agreement List of Motor Carriers… Read More »Truck Brokers’ Contingent Liability

Outdoor Dining Structures Could Put Restaurants at Risk

Hashiri/Facebook A brewery in Michigan recently opened several “craft beer shanties” where customers can be served outside while indoor dining is temporarily restricted statewide. The owner of Brass Ring Brewing in Alger Heights reportedly modeled the enclosed wooden structures after ice fishing shanties and said they can be reserved in 90-minute blocks by groups of four, as long as the guests are from the same household. The restaurant is one of many establishments in the U.S. and Canada building temporary outdoor dining structures in an effort to keep business flowing amid surging COVID-19 cases, new restrictions on indoor dining, and cooling temperatures. The options… Read More »Outdoor Dining Structures Could Put Restaurants at Risk

Insurance Impact of COVID-19 on Short-term Rentals and Transportation Network Platforms

The pandemic has had a profound impact on the hospitality and service industry. This also extends to aspects of the sharing economy, including short-term vacation rentals and transportation network platforms. This article takes a closer look at COVID-19’s impact on these platforms and insurance coverage implications that retail agents should be aware of. COVID-19 Impact on Short-term Rentals When the World Health Organization (WHO) officially declared COVID-19 a pandemic in March 2020, short-term rental hosts experienced a significant decrease in reservations due to stay-at-home orders and transportation restrictions. Soon after, these short-term bookings began to see an increase from those… Read More »Insurance Impact of COVID-19 on Short-term Rentals and Transportation Network Platforms

Happy Thanksgiving!

Thanks a billion! Thanks for helping us reach a huge milestone! We just had our greatest month ever for personal insurance inquiries. In November, we quoted over 1,000 applications – that’s a lot of zeros! Happy Thanksgiving!

Best Practices to Recognize & Avoid Cyber Threats

We regularly see the effects of cyber attacks on individuals and businesses, but we also see the value that preventive measures can have in blocking those attacks. That’s why we wanted to share some best practices to help you avoid falling victim to cyber fraud and to call your attention to a rising threat: the business email compromise. Business Email Compromise A business email compromise is when a cyber criminal impersonates a familiar business partner through email. The cyber criminal typically asks for a customer’s payment to be redirected to a new account, and, if the ploy works, the recipient… Read More »Best Practices to Recognize & Avoid Cyber Threats

How Moving Affects Your Auto and Home Insurance

America is on the move. With many employers required or volunteered to offer their employees to work from home and with the telecom availability, people are leaving their more expensive cities and houses, and moving out to cheaper places. In San Francisco, for instance, the exodus is so big, it’s a major news headline every other day with a special vacancy / rent reduction coverage once a week on all media outlets.

Moving can come with a lot of stress. Not only do you have to figure out moving costs, pack and orchestrate the movers, but you also have to update your address across all relevant forms. Two important things to pay special attention to during this time are your auto insurance and home insurance.

No one wants to spend hours getting new insurance quotes or transferring over insurance information, but doing so will protect you, your home, and your vehicle during and after your move. Here, we’ve answered the most common auto and home insurance questions to help cover your bases during your upcoming move.

Read More »How Moving Affects Your Auto and Home Insurance

Commercial Umbrella Explained

A commercial umbrella policy is the coverage often requested from businesses by their clients or via contract. Usually the umbrella can be obtained after the primary casualty terms are in place.

A commercial umbrella policy is like third base – we only pay attention to it when we are hurrying home. That’s because we usually have to wait until the primary casualty terms are in place before we can begin focusing on the umbrella – and by then, time is quickly running out!

Anecdotal evidence of this tendency can be found in the typical answer to any question of coverage found in a commercial umbrella – it follows form. Unfortunately, this answer is too often not accurate. A fact that you would rather not discover after a large claim is denied by the umbrella insurer even though it is covered by an underlying policy.

Excess, Umbrella – A Rose by Any Other Name

The confusion begins with what we name the form (alternately, excess liability policy or umbrella liability policy). An umbrella policy may be described as a specific type of excess liability policy — a policy whose value may be measured by comparing that particular form to the three objectives an umbrella is generally designed to achieve.
As you cannot determine the substance of a book solely by examining its title, similarly the title of the policy form — excess or umbrella — does not reveal the terms of coverage. Titles such as “Excess Liability Protection,” “Commercial Umbrella,” “Commercial Excess Liability Policy ” and “Commercial Umbrella Liability Coverage Form” are commonly used but reveal very little about what is covered by the umbrella policy.Read More »Commercial Umbrella Explained