by Brian Hunt, AIC, CPCU | Apr 28, 2014 | Underwriting
Every home goes through a life cycle. As homes approach 15 to 20 years old – the “terrible teens” – most building components and appliances reach the end of their useful life and will eventually fail: In our climate, shingles and tiles often don’t last as...
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 | Sep 4, 2013 | Compliance, Industry News, Underwriting
Well you don’t, but the Feds do. Before I get into that, can I just say that I think there’s a competition between the government and the insurance business to see who can come up with more acronyms. So far, I think it’s a push. The Office of Foreign Assets Control...
