Search found 66 matches

by RKunz2
Wed Jul 27, 2011 9:02 am
Forum: Hard-to-Place Accounts
Topic: CA-Guaranteed Replacement Cost
Replies: 15
Views: 12101

Re: CA-Guaranteed Replacement Cost

As an agency owner, I still see gross underinsurance dwelling values from most of the direct writers in competitive quote situations, and without hesitation, state a willingness to pass on the quote derby, knowing that hell hath no fury like an insured with a total loss who at the point of sale wan...
by RKunz2
Fri Jul 01, 2011 5:13 pm
Forum: Hard-to-Place Accounts
Topic: CA-Guaranteed Replacement Cost
Replies: 15
Views: 12101

Re: CA-Guaranteed Replacement Cost

What carriers offer Guaranteed Replacement Cost Coverage for HO3/HO5 policies? HO-411 Guaranteed Replacement Cost, affects Coverage A, B, C, and D limits. It's not exactly "unlimited" as the endorsement or some people might think. I used to have this endorsement on a California home writt...
by RKunz2
Mon Jun 20, 2011 1:45 pm
Forum: Opinions
Topic: how should i compensate my producers?
Replies: 10
Views: 13985

Re: how should i compensate my producers?

Sounds like the replies to your question didn't come from agency owners. If you pay a salary, (I call that a hammock) don't expect alot of production, because there is no incentive when you are paying an "entitlement". You also have to be careful if your are paying on a 1099 that there is...
by RKunz2
Thu May 19, 2011 10:52 pm
Forum: Opinions
Topic: how should i compensate my producers?
Replies: 10
Views: 13985

Re: how should i compensate my producers?

If i do 1099, it saves me lots of money and i am not paying any benefits , taxes etc on them or for them. Also they are responsible all their supplies, telephone,cell,gas,office equipment etc. They will be working remote from their homes.So all the risk and expenses really fall on them. If I pay a ...
by RKunz2
Tue May 17, 2011 10:36 am
Forum: Opinions
Topic: Philadelphia Insurance Company
Replies: 9
Views: 5388

Re: Philadelphia Insurance Company

Philadelphia Insurance Companies is a member of the Tokio Marine Group, which is the 4th largest insurer (???) in the world. You may check the Tokio Marine site to find out if they have a presence in India. I'm not sure PHLY does, but I would think that one of the Tokio Marine companies should. Just...
by RKunz2
Thu Apr 28, 2011 3:05 pm
Forum: Hard-to-Place Accounts
Topic: Real Estate E&O Program
Replies: 0
Views: 2811

Real Estate E&O Program

Markel Programs, Burns & Wilcox Partner to Offer Real Estate E&O Program

http://www.insurancejournal.com/news/na ... 196600.htm

Contact Rochelle Elliott at Burns & Wilcox, Scottsdale, Arizona.

Minimum premium starting at $1,000

Capacity up to $5 million
by RKunz2
Thu Apr 28, 2011 2:13 pm
Forum: Hard-to-Place Accounts
Topic: 13,000 properties needing property insurance
Replies: 7
Views: 6074

Re: 13,000 properties needing property insurance

I think the answer is not insurance, but DAMAGE DEPOSIT, and proper screening of tenants by a real estate professional with proper E&O coverage. Well said, jtownagent! But, a real estate professional with proper (read: valid) E&O coverage is something that must be verified these days. Speak...
by RKunz2
Tue Apr 26, 2011 10:05 pm
Forum: Hard-to-Place Accounts
Topic: 13,000 properties needing property insurance
Replies: 7
Views: 6074

Re: 13,000 properties needing property insurance

PART TWO - We all know that you can rent part of your house on a permanent basis and all of your house on an occasional basis and still have MOST of your HO insurance intact. But what if you rent all of your house on a more permanent basis? Clearly, there's no liability coverage, but surely there's ...
by RKunz2
Tue Apr 26, 2011 10:02 pm
Forum: Hard-to-Place Accounts
Topic: 13,000 properties needing property insurance
Replies: 7
Views: 6074

Re: 13,000 properties needing property insurance

Tricky scenario and as you can tell by the responses, not an easy solution. Funny that I ran into this question because I just had this come up a couple weeks ago. The common example is people renting out their primary residences for an event like, Superbowl, or the Olympics. I turned to Chris Amrhe...
by RKunz2
Tue Apr 26, 2011 9:54 pm
Forum: Hard-to-Place Accounts
Topic: Nursing Home (TX)
Replies: 11
Views: 7889

Re: Nursing Home (TX)

Smalltownagent wrote:I'm needing a good market for a nursing home. Property, CGL, BI, flood, & windstorm.

Thanks!

Don't forget Abuse and Professional Liability too!
by RKunz2
Tue Apr 26, 2011 9:53 pm
Forum: Hard-to-Place Accounts
Topic: Nursing Home (TX)
Replies: 11
Views: 7889

Re: Nursing Home (TX)

Smalltownagent wrote:I'm needing a good market for a nursing home. Property, CGL, BI, flood, & windstorm.

Thanks!
Try Philadelphia. Also, Great American Insurance (E&S side) I believe has an appetite for this type of risk. :P
by RKunz2
Thu Apr 21, 2011 4:07 pm
Forum: Opinions
Topic: Should friend buy an AllState Agency? - Help!
Replies: 8
Views: 64167

Re: Should friend buy an AllState Agency? - Help!

I'll add my voice to the choir, be a real friend and tell this person to look elsewhere to buy a job. You say you know him through your house of worship....well, if he hooks up with Allstate, you'll have the whole congregation praying for him. God speed, indeed. Well said d's...well said! :twisted:
by RKunz2
Thu Apr 21, 2011 1:59 pm
Forum: Opinions
Topic: Should friend buy an AllState Agency? - Help!
Replies: 8
Views: 64167

Re: Should friend buy an AllState Agency? - Help!

Hello all, I've been on the independent agency side my entire career. A friend of mine from church (age 50) is considering purchasing an established AllState agency. I do not believe he has experience in the field. What are some of the common pitfalls or things to be aware of as he approaches this ...
by RKunz2
Mon Apr 18, 2011 3:44 pm
Forum: Hard-to-Place Accounts
Topic: Kentucky Daycare
Replies: 4
Views: 2367

Re: Kentucky Daycare

I'm in CA, however, I can tell you Philadelphia is the way to go! SFOInsuranceLady, Do you work with a California office of PHLY? The Bell Endorsement, along with their Deluxe Liability and Elite Property endorsements for child care centers definitely add a lot to their policy coverage. FIG has beg...
by RKunz2
Wed Apr 06, 2011 1:43 pm
Forum: Opinions
Topic: Looking for an opinion
Replies: 7
Views: 4198

Re: Looking for an opinion

Thank you so much for the advise. I will follow it through as I know the business and I do know for a fact that personal lines brings the money on the table to pay overhead expenses and cash flow. I really appreciate the thoughts. Mancy Dear Mancy, Excellent points made by other contributors. I'll ...