Commercial Property Quiz
Test your knowledge of Commercial Property with this 10-question quiz.
Virtual University
IRV Methodologies, Replacement Cost and Reconstruction Cost: A COVID Issue?
Replacement cost isn’t what the insured thinks it is, and it’s the industry’s fault. When we say “replacement cost,” insureds hear, “I’m getting new stuff for old.” Depending on the…
Understanding the Basics of Property Protection in COPE Underwriting
Property underwriters analyze essentially the same information today as was reviewed 400 years ago. Although technology has changed, the basics of property underwriting has not changed. The four primary factors…
If the Nashville Bombing is Considered a “Terrorist” Act, Does that Trigger the Terrorism Exclusion?
Christmas Day 2020 saw Nashville, TN rocked by an explosion. Were these the acts of a terrorist? Might these acts trigger the terrorism exclusions?
Cracking the Condominium Conundrum
How can a policy generating about $75 in revenue cost you $5,000, $10,000, or more? Believing that writing an HO-6 is quick and easy is the beginning of an E&O…
Ordinance or Law – When (and Why) Partial Losses Become Total Losses
We do a bad job of explaining the concept of “replacement cost” and tend to tell clients they will get new stuff for old junk. This may be partially true,…
Understanding Commercial Property Underwriting – COPE in All its Glory
Gain a better understanding of the four key Property Underwriting factors – Construction, Occupancy, Protection, and Exposure (COPE).
ISO’s 2017 Commercial Property Changes
Insurance Services Office (ISO) filed several important commercial property changes effective September 1, 2017.
How Many Claims Would Be Considered for Riots Lasting Multiple Nights?
An agent asks: We have a few clients with multiple retail locations throughout various states with various policies. If they have locations which receive damages from riots on multiples nights,…
Does Invoking the ‘Insurrection Act of 1807’ Affect Property Coverage?
Rocks being thrown by President Trump are causing major ripples in the insurance pond. His declaration that ANTIFA would be labeled a terrorist organization raised questions regarding whether coverage would…
