Virtual University

Preferred Risk Policy Eligibility

Over the past few years, eligibility for the PRP has expanded, making a lot more policyholders eligible for the savings under the PRP.  It’s in the best interest of the…

Coins in sack and plant glowing in savings money, Passive income, Pension and retirement concept. Investment in business development for growth and success, dividend payment to investors.

Why Should I Buy Flood Insurance?

When the tragic floods hit Ron’s Cedar Rapids hometown, he sent me two e-mails over a week or so telling about the situation. Those e-mails, totally unedited, are below. It’s a compelling read,…

Can Home Repair Costs be Depreciated?

After a fire damaged an insured’s home, the HO adjuster offered to pay only part of the repair bill, stating that he was taking depreciation off the total. The agent…

engineer working on building site

Homeowners Functional Replacement Cost

Our “Ask an Expert” service got a question this week from an agent who represents an insurer who has begun using a Functional Replacement Cost Loss Settlement endorsement on older…

house model and house key on table

Insurable Interest in Personal Property

A critical element in the principle of indemnity is that an insured can only collect for a loss in an amount equal to his or her insurable interest in the…

The HO Undervaluation Problem

According to the experts, a majority of homes are undervalued by at least 25% on average. Magazines and newspapers are replete with articles about insureds who suffered major losses only…

Loan or saving money for buy a house and real estate for family concept, Home model put on the stack coin tower with growing business investment in the in the public park.

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Rental-Cars

PLACE HOLDER textLayout:LISTING

Rental Cars and Unauthorized Drivers

We had an insured call to advise that he was going on vacation and renting a car in his name. He has a 19 year old that he understands cannot…

Rental Cars and Diminution of Value

Several years ago, I wrote an article called “”The Top 10 Reasons to Purchase the Rental Car Company’s CDW/LDW.” This article and a downloadable consumer version you can share with…

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