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 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 | 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...
