by Kathleen Davis, CPCU, CIC, ARM, API | Jul 18, 2013 | Underwriting
If you said your policy provided replacement cost coverage for all your stuff, it might not stop conversation at a cocktail party, but it would give you a warm and fuzzy feeling. After all, it certainly sounds better than actual cash value (ACV). Let’s check a few...
by Kathleen Davis, CPCU, CIC, ARM, API | May 31, 2013 | Underwriting
Coverage B (Other Structures) is just “out there.” It’s semi-ignored like your annoying second cousin. Insureds assume everything is covered, and the HO3 policy throws some coverage at them and hopes it will all be OK. On this subject a little attention could go a...
by Kathleen Davis, CPCU, CIC, ARM, API | Apr 22, 2013 | Underwriting
. . . may or may not be just as sweet. I have to sometimes wonder if the people who write insurance policies are just trying to confuse us. I bet they’re sitting back and laughing, “Wait ‘til they try and figure out this one!” Well, today we’re going to figure out...
by Kathleen Davis, CPCU, CIC, ARM, API | Mar 4, 2013 | Underwriting
In the world of personal lines insurance, a residence employee is “an employee of the policyholder whose duties are related to the maintenance or use of the residence premises, including household or domestic services”. They can also “perform similar duties elsewhere...
by Kathleen Davis, CPCU, CIC, ARM, API | Jan 10, 2013 | Underwriting
I think Insurance is the center of the universe, but apparently most of the world does not agree with me. I’m constantly amazed at the ever-changing ways attorneys and tax accountants come up with to title property or transfer risk via a contract. They either don’t...
