I question a lot of what is asked because often the people asking don't understand what or why they are asking. Example is when I was negotiating for a client that was going to sign a contract with the company that makes chocolate kisses. The kisses company wanted all shareholders to be named AI. Wh...

You may have been in the business 20+ years but so have I (1983). Actually I believe you have been in the business for 30+ years because back in 2009 you were giving 25+ years in the business....so you are seasoned. The issue with AI can be argued on many different points, the court dockets are clog...

Well you have a different point of view and I question how much you've studied the situation. Most brokerages will try to not add the 30 day notice because there was good reason for Accord dropping the wording. The word endeavor was never meant to meant to guaranteed and stats have shown that more o...

The request to have the 30 day notice of cancellation endorsement has been awakened again. Now the question is this: 1. There is no ISO 30 day notice form 2. The 30 day notice is manually written by each company 3. The word endeavor 4. Blanket AI is in force The Contract -- "ADDITIONAL INSURED....

"ISO Personal Auto Policy, there is no coverage for an insured’s ownership or operation of a vehicle while it is being used as a public or livery conveyance, except that the exclusion does not apply to a share-the-expense car pool. " Now enter Uber and Lyft. I was on a Linkedin site and th...

I think I like the language used by this company -- 2. if you have: Maintained coverage on the real property at 100% of its full replacement cost by paying renewal premium to reflect the then current replacement cost. The current replacement cost of the real property will be based on the residential...

I am in the process of re-quoting one of my clients. I used the same completed MSB that I have been using when I first got the account in 2007. The insured reviewed it and did make a change. There is now more hardwood flooring than carpeting. In 2007 builders-net on-line building cost was $330,321.0...

You keep going back to what the house is worth. You aren't getting it. When I lived in San Francisco there were districts that became hot pieces of real estate and other districts that became cold. None of it meant that magically the homes become more or less costly to rebuild. f you read the HO for...

Recently my friend of 45 years said that a presentation was done for his unit. The person giving the seminar had some very good sounding alphabets. Hm? I never heard of such a designation so I went looking. Apparently the alphabets were born in the years of the mid 2000 time period. It is a designat...

I don't mean to sound difficult but asking this question " Don't you have clients that switch insurance companies because they are trying to get their monthly house payment down and know it does'nt cost $400,000 to replace their $200,000 house? " makes me need to ask, do you understand thi...

Hm? I would bet that there are more using ISO stuff than not. Even Mutual companies have jumped on board. "JERSEY CITY, N.J., December 4, 2007 — ISO Insurance Technology Solutions (ISO-ITS) today announced that Amerisure Mutual Insurance Company has become the first company to fully integrate I...

If you do the RCE that the given insurance company accepts, send the figures to underwriting, insurance company accepts and adjusts coverage A accordingly and the premium in accordance with the evaluations then the insurance company most fulfill the contract. The problem would arise if there is no i...

Maybe this section (1) If, at the time of loss, the amount of insurance in this policy on the damaged building is 80% or more of the full replacement cost of the Then what has already been mentioned -- he ISO verison of SPECIFIED ADDITIONAL AMOUNT OF INSURANCE FOR COVERAGE A – DWELLING reads: To the...

Ha! The guy that called me a fear mongering old geezer just posted. "I have plenty of real estate investors who choose to under-insure their portfolio & take the risk of coinsurance penalties based on the premium savings & the makeup of their properties. So under-insuring can serve a pa...

Interesting article but one thing I don't agree on and that is when Hunter said -- ""Hopefully you're shopping among the lowest-priced companies," says Hunter. "There could still be a 25 percent price difference." Searching for the lowest price is what gets people into troub...