An agent contacted me recently about a denied claim under a 2011 ISO HO 00 06 condo form. The named insured’s $3,000 e-bike was stolen and the carrier denied the claim, citing the “motor vehicle” exclusion. The question...
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Showing Entries with tag "Insurance Information"
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Claim Denials and Agency Accommodations
Insurance In Ohio
Ohio has the most competitive insurance market in the nation which greatly benefits Ohio’s consumers. Ohio’s average homeowners insurance premiums are the 7th lowest in the nation and Ohio’s average auto premiums are the 10th lowest in the nation. The few states with lower rates don’t come close to ...
Homebuyers Insurance Handbook
To educate prospective homebuyers about their property insurance needs, the Insurance Information Institute (Triple-I) and the National Association of REALTORS® (NAR) today released a Homebuyers Insurance Handbook.
The Homebuyers Insurance Handbook clearly explains how purchasing a homeowners ins...
Facts + Statistics: Winter storms
Winter storms caused nearly $6 billion in insured losses in 2022, the second-highest year on record for winter storm insured losses in the last ten years, according to Aon. The third costliest winter event since 1950 occurred in December 2022, amounting to $3.5 billion insured losses. Winter storms ...
How Much PAP Loss of Use Coverage Do I Need? The Newest Reason to Buy the Rental Car LDW?
By Bill WILson
I recently had a neighbor who couldn’t turn off the radio in his car. When he turned the ignition off, the radio continued to play until it drained the battery. Turns out it was a faulty circuit board and it took 4 months to get a new one.
This past weekend I was reading about how a...
Should You Buy Rental Car Damage Waiver?
As I have expressed on many occasions, I believe the myth that insurance is a commodity differentiated only by price is the greatest misconception perpetrated on the public. Sadly, most of the misconception comes from our own industry in the form of price-focus...
Insurance in Ohio
The size and importance of Ohio’s insurance industry can be measured in several ways — but any way you look at it, the Ohio insurance industry is a key economic driver of the state’s economy. With more than 250 insurance companies based in Ohio, jobs and financial security are provided to a workforc...