The NFIP has promulgated a new rating program for all flood policies – Risk Rating 2.0. The goal is to modernize flood rating using technology and history to develop somewhat customized premiums. There are major changes, a new world to which those seasoned in flood rating must adjust!
Flood insurance is a victim of politics. Information learned a few years ago may no longer apply. Stay current.
It is not uncommon for a homeowner to serve as his or her own general contractor when building a new home. When doing so, there is an exposure to claims made by contractors and their employees if injured during construction. In fact, such claims can arise regardless of the homeowner’s status as general contractor or…
Your daughter is getting married and friends with a beautiful lake home have offered their place for the reception. Concerned about personal liability, you check your HO policy but the definition of “insured location” only really includes premises where you reside, are building a residence, are vacant, or are renting temporarily. Your friend is not…
Whether agents should be reviewing any kind of contracts for insureds is an issue without an absolute solution. It depends on many factors, from the type of contract to the agent’s experience and expertise to, well, lots of other considerations. Too often, though, someone may take on the review of a legal document they’re simply…
