by Brian Hunt, AIC, CPCU | Mar 13, 2014 | Underwriting
Is the housing market crisis over? Since our industry is ancillary to real estate, we as property insurance professionals have a proverbial finger on the economy’s pulse. Some areas of the state are beginning to show signs of recovery. One indicator is that banks...
by Kathleen Davis, CPCU, CIC, ARM, API | Feb 21, 2014 | Underwriting
I love esoteric endorsements, especially ones that are badly named, and this one’s a doozy. Not only do most people not know there’s a coverage gap that this endorsement is designed to fix, if they do know about it, they fall for the name. Everyone knows that theft...
by Brian Hunt, AIC, CPCU | Jan 23, 2014 | Claims, Underwriting
Tower Hill recently empowered its appointed agents to pull CLUE loss reports as part of the application process. Three common scenarios appear on these loss histories: The client has lived at the home for several years and filed a claim for damages during that time....
by Kathleen Davis, CPCU, CIC, ARM, API | Jan 9, 2014 | Underwriting
Sometime when you’re “getting around” you’re also getting in other people’s way! Let’s look at how the 1991 HO3 protects Insureds who injure someone or damage property while getting around. Insureds First, who gets this coverage? With respect to vehicles covered...
by Brian Hunt, AIC, CPCU | Dec 11, 2013 | Underwriting
Ever wonder where the phrase “window of opportunity” comes from? Time magazine may have been the first to use the phrase in its November 12, 1979, issue to describe a small space or short period to get something accomplished. A “window” exists in our underwriting...
by Kathleen Davis, CPCU, CIC, ARM, API | Oct 24, 2013 | Articles, Underwriting
Can you hear the Beach Boys’ music? Depending on your age, maybe not! There are a lot of ways for your clients to “get around,” and if they have homeowners and auto policies, then I’ll bet they’re assuming they’re covered by one policy or the other. Let’s take a...
