Traditionally, a legacy is something that is handed down from one generation to the next. In the legal world, it is literally an amount of money or property left to someone. More philosophically, a legacy can be an idea, mission, or purpose that future generations are...
During the first few months of the pandemic, the phrase the new normal was everywhere and it was meant to describe what things would be like going forward. It was meant to describe what we have always done, but would be done differently than it had in the past. For...
Did you know that the Federal Emergency Management Agency’s substantial damage rule applies to any building damage … not just flood damage? That’s right, even common homeowners policy perils such as wind, fire and/or water damage could trigger the requirement for a...
Typically, solar panels represent a sizable financial investment. As an insurance agent, you naturally want to provide your clients with all the information they need to protect that investment properly. Whether homeowners enlist qualified installers or install their...
While the headline of this article may sound like a fun little pun, let’s face facts: If insureds are not honest, there can simply be no effective insurance policy come claim time. As a commercial-lines agent and account executive for eight years now, I have...
There are things every agent should understand about commercial property coverage. How well-versed are you on the finer points of this key coverage? Are you familiar with how the law affects the valuation of property? Or the effect that ordinances or laws can have on...
Gov. Kathy Hochul signed S.7882-A last week, which adds chapter amendments to the Comprehensive Insurance Disclosure Act (S.7052/A.8041), and amends the law to remove insurance applications from the list of insurance documents required to be turned over during civil...
In the commercial-lines insurance industry, insurance agents are responsible for staying abreast of their clients’ risks and exposures, on industry trends and on best practices for representing their agency, their carriers and their customers. Stay prepared When it...
Valentine’s Day—and the winter season in general—is a popular time of year when insureds invest in big purchases. Whether they’re investing in their future, or simply a new, expensive commodity, they could need insurance coverage—and that’s where you come in. Common...
Gov. Phil Murphy signed S-1559 into law on Tuesday, which allows consumers to bring “bad-faith” lawsuits against insurers to recover certain damages and expenses. Specifically, the new “bad faith” law—which goes into effect immediately—allows consumers to bring...