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Auto policies consist of two types of liability coverages, bodily injury and property damage. The bodily injury coverage is split into a per person and per occurrence limit. When named as a defendant in a lawsuit, the insuring carrier has a duty to defend the insured. When there is a… [Read More]

A homeowner’s policy designed for higher value homes (“private client”) will Guarantee Rebuilding Cost (Replacement Cost valuation) if at inception date of coverage, the house is insured to full replacement value rather than a policy designed for the mass market which usually contains an additional 25% of Coverage A. Also… [Read More]

In homeowners policies, there is a limit designated specifically for contents coverage, which is a default percentage of Coverage A.  While this limit can be increased or decreased, it is important to differentiate the value proposition associated with scheduling certain valuable items and not relying on the contents limit. Certain… [Read More]

For Homeowners, liquidity is essential in determining appropriate family deductible per claim, however, the impact of choosing a higher deductible option should be viewed across a five- or seven-year period as it must outweigh the chances of absorbing that amount on a claim. If the cost savings is acceptable relative… [Read More]