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Tag: Insurance

Why Is Trailer Interchange Coverage Needed?

July 3, 2020

Operating in the trucking industry brings numerous inherent risks based on the nature of the business. Insurance coverage is either required or wise to obtain in order to protect your business. Policies such as general liability, property damage and cargo insurance are typical. Another common scenario is when you are using a trailer that is not owned by you. In that case it does not fall under your insurance policies, so you need separate protection such as trailer interchange insurance coverage.

Trailer Interchange Overview

It is a regular practice for trailers to be hauled by different trucks or carriers during a route. In most cases a trailer interchange agreement is in place between the parties. With this written policy is in place you can then be covered by a trailer interchange policy. It provides protection in the event the trailer is damaged while in your possession, whether it is attached to the truck or not.

Non-Owned Trailer Coverage Differences

There is similar insurance available for physical damage to non-owned trailers not operating under an interchange agreement. It is important to note that the trailer must be attached to a truck for coverage to apply.

The transportation industry contains a number of natural risks. Understanding all of the areas that you need insurance coverage is essential to protecting your business in the event of an accident.

Finding What Insurance Customers Want

December 19, 2019

Insurance customers hit the market armed with a list of what they need. They are looking for a company that can offer them a wide range of products that are comprehensive and affordable. Their desire for a good price is not outdone by their need for outstanding customer service and a user-friendly system. So where can an agent go to find the right fit for their client?

Program Business

Program Business is an online platform that provides a comprehensive list of wholesalers, administrators, MGAs/MGUs and carriers to independent agents. As an agent, Program Business’s extensive directory of programs and providers gives you an unparalleled resource to service your clients.

Program Brokerage Corporation

One example of a storefront that agents can access from the Program Business platform is Program Brokerage Corporation (PBC). PBC offers a high-quality resource designed for the middle-market insured. They also offer a well-recognized purchasing group plan that has a successful track record. PBC summarizes their services as a winning combination for carriers, producers and the insured thanks to their experienced and resourcefulness. PBC invests their own financial resources in both the claims and the expense side.PBC offers insurance programs for environmental, residential, pest control, umbrella, nursing home, elevator, small business services and more.

When you need to find the right coverage for your residential or commercial clients, check out the Program Business Platform and Program Brokerage Corporation.

The Exclusions of Homeowners Insurance

November 29, 2019

Many homeowners feel that their standard homeowner’s insurance policy will cover all the things they store and keep at their homes. This isn’t always the case, and not realizing the items left unprotected can cause a lot of heartache down the road if something ever happens. Here are some of the things that probably aren’t covered by your policy.

Water Damage and Earthquakes

In many states, damage caused by earthquakes or sinkholes is excluded from a standard policy. In every state except California, a homeowner could add this protection as an endorsement. Flood insurance is also a separate purchase. Other concerns with water damage such as a sewer system, drain, or sump pump back up or overflow are not usually covered either.

Recreational Vehicles

According to the information found at https://www.byrnesagency.com, a homeowner’s recreational vehicles arent covered by a general home insurance policy. Things like ATVs, campers, trailers, or golf carts need a separate coverage plan. Fortunately, a coverage plan that offers golf cart insurance could be included in a well-tailored auto policy.

Maintenance Issues

By using preventative maintenance measures, you can avoid needing to pay for expensive repairs over the course of your homeownership. Damages caused by neglect or a failure to properly take care of the property are not included in insurance coverage.

Your home is one of the most valuable investments you will ever make. However, make sure you have your home’s contents and other personal items insured as well to avoid financial stress.

Understanding the Massachusetts Property Insurance Underwriting Association

July 20, 2019

It is not always easy to find fair, reliable coverage when you require insurance. While it can seem like the cards are stacked against you, it is important to reach out and discover agencies that might be able to help you along your way. MPIUA, or the Massachusetts Property Insurance Underwriting Association, is an organization that exists to assist residents in urban areas with their insurance needs. There are many reasons to get in contact with this group.

A FAIR Plan

The organization is also referred to as a FAIR Plan, which stands for Fair Access to Insurance Requirements. Their goal is to help residents make the best possible selection with the assistance of experts.

A Range of Services Offered

One of the biggest benefits for contacting this group is that MPIUA aims to assist applicants who qualify in their search for the right insurance policy and agency.

The organization helps by offering a range of services including:

Underwriting
Inspecting properties
Assessing property risks
Adjusting claims when necessary

Though the MPIUA has existed for as far back as the 1960s, many residents are still unaware of what the organization can do for them. If you think you might be able to benefit from these services, reach out and obtain more information on how you can discover the right insurance.

Dont Take Chances Get Renters Insurance Today

August 29, 2016

What would you do if a fire, flood, tornado or other disaster wreaked havoc on your apartment? Or if you experience a burglary? If you think that your landlord’s insurance policy will replace what you lose, you’re in for a rude awakening. Their kind of coverage only deals with damage to the building in which you live. So if you don’t have renters insurance in IL, you’re really stuck.

If you’re like a lot of people, you’re just trying to make sure you can pay your bills. So, you probably don’t have the means to pay to replace every single thing you lose out of pocket. And among your neighbors, you’re probably not the only one. Statistically, only 58% of people who lease apartments carry any sort of rental coverage.

You need to act now, because having your own policy is crucial to getting your life back on track should the unthinkable happen. In the unfortunate event of a loss, the policy pays out in order to help you replace your possessions. And when you consider your clothing, jewelry, electronics, appliances, books, artwork, furniture, cookware and any other items of value, you’re easily looking at thousands of dollars for that alone. And the great news is, many kinds of renters insurance in IL are easily affordable, costing only a few dollars a day.

Why You Need Life Insurance

August 17, 2016

While it may not be the most fun topic, the fact is planning for your family’s well-being in the event of your death is extremely important. Making sure all your affairs are in order provides peace of mind not only to you but to your spouse or partner and the rest of your family. A life insurance policy is one important aspect of preparing for such an event. Finding the right provider for life insurance in VA means you can discuss all the options for policies and coverages to make the best decision for your unique circumstances.

Life insurance protects you family financially by providing the funds to pay off a mortgage, cover college tuition expenses for your children or replace your income for a time. There are several different types of life insurance policies: term life, whole life and universal life. Each one has specific benefits and conditions, and working with an experienced agent can help you understand each option and choose the best one for your circumstances.

It’s important not only to find and purchase a life insurance policy, but to re-evaluate that policy every few years. You want to make sure the cost and benefits are the right fit for you and your family, and depending on your circumstances, you may need to change your policy every so often. When you work with a dedicated agent for life insurance in VA, you can feel confident you have the right coverage no matter what happens.

Why Your Law Firm Needs Malpractice Insurance

August 16, 2016

Though only a small percentage of law firms need to file a claim with their malpractice insurance provider every year, the fact remains that anyone can make a mistake. When that mistake causes damages to a client, you need your law firm to have the very highest caliber attorney malpractice insurance possible. It is important to note that paying for the coverage is almost always more desirable than paying for the costs associated with litigation should a former client bring charges against a lawyer.

Perhaps you plan to rely on your attorneys to represent themselves should claims of malpractice be brought against them in court. This is a dubious option since in the event that the attorney does not win the case, the damages are entirely his or her responsibility without any assistance from insurance. These costs can very easily be the downfall of the lawyer or firm since they are often prohibitively exorbitant.

Do not wait until you think there may be a claim against your firm on the way before buying insurance. Most attorney malpractice insurance plans have provisions making them void if anyone in the practice knew of a potential charge when the plan was purchased. Protect your firm by researching and buying quality coverage today to be ready for any possible future.

Give Your Loved Ones the Care They Deserve

August 11, 2016

When someone you care about has physical or mental challenges that become too difficult for you and other caregivers to manage on your own, care facilities are an excellent option to consider. Assisted living programs specialize in providing round-the-clock medical care for your family member. In a care center, you can be confident your loved one will be in good hands, and your burdens and worries can be relieved.

Assisted living facilities are accustomed to caring for residents who have a variety of issues and needs. Programs are found in these centers that cater to your loved one’s needs and that address their specific concerns.

The staff at these centers will treat your family member with the utmost care, concern and sensitivity. Plus, you can be sure that trained, experienced nurses will administer medication properly and will ensure that the patient is safe and secure at all times.

An assisted living center shouldn’t just be about the physical and mental needs of the patients. Assisted living programs should include social interaction and engagement through activities and games appropriate for the person’s level of capacity.

When you take your family member to a nursing home or care center, you can leave all your concerns at the door. Let the professional staff handle the day-to-day needs of ensuring your loved one has a good quality of life.

Protecting Your Investment

August 6, 2016

Owning or renting property for yourself represents taking a big step in life. It says something about the success and the stability that you have achieved. However, you can’t just stop there. You need to outfit the property with all of the right accessories. For those who are living locally, this means finding property insurance programs in Florida you can rely on.

Having insurance can bring the holder a lot of advantages. Perhaps the biggest is that your large investment in this property is now protected. Whether you have decided to rent or own, it still involves a lot of money. This is the type of purchase you want to make sure is worth it. Now you can worry less about the condition of the home, since you know that support will be there when you need it. Another upside to this situation is that property insurance can be one of the most affordable types of insurance out there. The low monthly payments are easy to manage, and working with a reliable, experienced provider can ensure that you get the right price for your budget.

When you make the final steps to having a place of your own, it is definitely something to be proud of. However, the journey doesn’t end here. There are still things that need to be taken care of. People in this kind of situation who live in the area should look for property insurance programs in Florida. The right fit is sure to be out there.

Protecting Your Investment

August 6, 2016