Disasters from water, fire, smoke or mold can occur at any time. These types of disasters are not only stressful for property owners, but costly. Common restoration and mitigation timelines and repair estimates can increase drastically when unexpected asbestos...
N.J.: Get in front of renewal increases with your clients; PIANJ offers sample letter
Across the country, the insurance-buying public has seen sharp premium increases when their homeowners and automobile insurance policies are being renewed. In many cases, premiums are outpacing claims and expenses, as well as rising higher than inflation. The rules...
Letter to the editor: It’s time to fix windstorm coverage in N.Y. insurance policies
Dear Editor, As we look at the damage caused by Hurricane Ian in Florida and South Carolina—and prepare for the possible damage caused by Hurricane Nicole—we say our prayers and think about how New Yorkers would fair in this type of disaster. The answer lies within...
An explanation multi-factor authentication
Multi-factor authentication is a method of authenticating users on an information system and requires them to go through multiple steps to access that information system. Commonly, this is accomplished through a combination of a username and password, followed by a...
No nightmares this Halloween
You’ve spent weeks preparing for Halloween. Pumpkins are carved. Bowls of candy sit near the front door. Costumes are donned. However, is your homeowners insurance ready? Do you know the answers to the what-ifs? What if a child falls on your walkway and the parents...
Inflation challenges: Help your clients prepare
Inflation impacts all aspects of our lives—but it is having an outsized impact on the cost to repair or replace cars and homes. Data reveals that 20% of homeowners don’t know how much they pay for home insurance[1]—so chances are, many will not anticipate the impact...
How credit reports affect insurance scoring and how often they need to be updated
Insurance scoring is when insurers use a score, which is based on a policyholder’s credit history, to screen potential customers for underwriting acceptability. Originally, the scoring methodology was developed in the context of evaluating loan applicants. Credit...
Items in storage units may not be covered by a HO policy
So, it used to be that if clients asked you if their homeowners insurance policy covered their property anywhere in the world, you could reply: “Yes. However, if they are in another one of your residences, then coverage is limited to 10% of the limit shown in your...
NFIP or private flood insurance?
Questions can help your clients choose The National Flood Insurance Program has been the main flood insurance provider in the United States since its inception in 1968. But is it always the best option for your clients? Private flood insurance provides...
The UBI question: Privacy versus savings
Almost everyone has shopped online in the last decade. Even those who manage to resist the lure of two-day delivery probably have priced appliances or scouted sales on various websites before purchasing the items at a physical store. This means they have been...