Skip to the content

Category: Blog

Insurance Market for Multi family Habitational Exposures

Casualty Market Outlook for U.S. Multifamily Habitational Risks—Fall 2020 The Property & Casualty market firming that began in the last half of 2019 continued into the second half of 2020, with expectations that things will remain unchanged as we enter 2021. This market firming has impacted both the Primary Liability and Umbrella/Excess Liability marketplace. Although Casualty losses in the Multifamily Habitational market have not reached...

WILL MY HOMEOWNERS POLICY COVER MY HOME FOR SALE OR VACANT HOME?

Many consumers are under the impression that their Homeowners policy covers them for pretty much everything. While the HO-3 or standard homeowners policy does provide a lot of coverage, it also is intended to cover an "Owner Occupied Dwelling" and not a vacant dwelling. The policy has some clear definitions of vacancy,  essentially any unoccupied dwelling for 30 days or more. Unfortunately, ,many consumers leave...

How much life insurance do I need?

How much life insurance you need will vary based on personal and financial circumstances, but essentially you need enough to replace your income and cover your dependents' expenses, including future ones. Most people should aim for 10-15 times their income. WHAT! you may say? I can tell you the sad stories of people not having any life insurance or not enough either. What I can't...

CAN ADDITIONAL INSURED ENDORSEMENTS MAKE INSURANCE MORE EXPENSIVE? THE ANSWER IS DEFINITLEY YES!

The true cost of paying claims like those discussed above can cause costs to skyrocket in several ways. Because all insurance pays only up to a set limit, these amendments can serve to effectively reduce policy limits. If an insured’s policy limit is $1 million, and a $1.2 million claim is submitted , for which the insured is only 50% responsible, but the additional insured...

Workers Compensation Payroll Billing

Rather than paying for insurance up to a year in advance and tying up vital cash, premiums are paid as you go one payroll period at a time! With a normal workers compensation policy you have to pay 25% down each year and then make monthly or quarterly payments. Pay as you go eliminates having to make down payments as well as end of year large billing...