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In This Issue: |
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Auto and Home Standard Markets offers members access to automobile and homeowners insurance through MetLife Auto & Home, Safeco, Progressive, and Travelers. State availability varies.
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A high-skill, high-service national surety broker specializing in surety bonds. 100's of Bonds...All 50 States
1000's of Satisfied Customers.
Just ONE Company! |
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Dependable Travel Coverage and 24/7 Assistance, Trip/Flight Cancellation, Medical and Emergency Evacuation, Baggage Delay & Loss, and More...
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SPECIAL FEATURE
Ready, Set, Cyber: Don't Miss this Free Webinar from Coalition
 Register today for the Ready, Set, Cyber! Coverages Claims and Carrier Contracts webinar, to take place Wednesday, June 19 at 2 p.m. ET.
Only about 15% of small businesses have cybersecurity insurance in place, according to the 2017 Better Business Bureau Study. Considering it only takes a momentary lapse in judgement to click on an unsolicited email or open an infected file to feel the stress and embarrassment associated with a cyber event, this statistic is alarming.
If your insurance agency or your clients are among the 85% that do not have cybersecurity coverage, you don't want to miss this webinar!
Panelists will include Sean Ram, cyber underwriter, Coalition, who will present several important coverages you need to consider to protect your agency and your clients from cyber exposures. Catherine Lyle, claims lead, Coalition, will provide you with a few examples of cyber claims that did not make the national news but had a crippling effect on the business and its local community.
Eric Lipton, senior counsel, Big "I" Office of General Counsel, will also talk about trends that are becoming more and more prominent in agent-carrier agreements due to recent cybersecurity regulation . He will tell you what provisions you need to be aware of and what you need to avoid.
If you have any questions, contact Carla McGee or visit the Big "I" Cyber Coverage for Your Agency webpage.
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Tree-1 House-0
 A housefire took out most of the second floor and damaged the rafters. The firefighters had to cut holes in the roof to put it out. The owner boarded up the windows and put a huge blue tarp over the roof. About two weeks later, during a big storm a large tree fell across the back of the house and then crushed the roof of the attached garage. These two unrelated events occurred within less than two weeks but between them they nearly destroyed the entire house.
In another claim example, a $750,000 home had not one but two separate instances of flooding from broken pipes, and then a tree fell on it in the same year.
In yet another, a coastal condo owner was doing laundry when socks blocked the drain. The condo was completely flooded as was the unit below.
These homeowners have a similar problem. Large losses combined with mixed coverage needs. Fortunately Big "I" Markets has coverage for all of them and more with Non-standard Homeowners, Renters, Condominium, Rental Dwellings, Vacant Dwellings.
While there is no maximum Coverage A limit, there is a $150 - $200K minimum limit that varies by state, and exposure.
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Primary Home
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Secondary Home
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Short & Long Term Rental
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Personal Builders Risk
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Corporate Name or LLC
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Unprotected Home
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Renters
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Log Homes
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Condominium
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Coastal
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Vacant Dwelling
What you should send us:
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Older, updated well-maintained homes (Older Home Questionnaire Required)
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Coastal, Non Coastal or Brush Exposures
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Log Homes
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Trampolines, Unacceptable Animals, Unfenced Pools
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Homes titled in an LLC or corporate name (Corporate Questionnaire Required)
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Risks cancelled due to nonpayment of premium
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Risks with prior losses or being non-renewed
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Protection class 9/10
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Builders Risk
Ineligible risks include knob and tube wiring, homes in poor condition/poor maintenance; mobile homes; risks with open claims; more than 2 family unit; business or day care on premise.
Coverage Highlights & Availability
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Industry-accepted ISO HO3 policy forms modified to tailor coverage for unique exposures
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Many standard ISO endorsements and customized endorsements available
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Flexible deductible options
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Minimum Premium $1,000
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All policies are prorated, except for taxes & fees in some states
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Lex CyberSafetySM endorsement (provides liability coverage for damages arising from cyberbullying claims)
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The LexElite® Pet Insurance Enhancement
Available in all states except for Hawaii.
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VU Webinars and Lightning Learning
Virtual University
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WEBINARS - Two-hours with CE in select states.
View the complete calendar, registration links and see what states have CE approval online. Registration includes live webinar, on-demand recording and a transcript.
LIGHTNING LEARNING - Twenty minutes each with a focus on Meeting Production Goal Requires More Work Than You Think
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July 9 - 11:30 a.m. ET - Key Information Needed to Write Condos
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July 16 - 11:30 a.m. ET - 7 Condominium Definitions You Must Understand
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July 23 -11:30 a.m. ET - Who Insures Which Property?
Register once for the monthly Lightning Learning package and receive all sessions for one low price. Registration includes live presentations and on-demand recordings.
VU Webinar and Lightning Learning questions can be sent to VU staff. The 2019 calendar and all links are available here.
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Be one of the first five with the correct answers and win a $5 gift card (Starbucks, Dunkin' Donuts, Baskin Robbins, or Krispy Kreme).
Don't forget to answer the Tie Breaker!
1. The oldest single tree in the world is around 5,000 years old. What type of tree is it?
2. In the first Coalition article if you click on the "mitigation apps, tools" link under "Can your insurance company do this?" rolling list, which type of service comes after DDoS mitigation?
3. Knob and tube wiring fell out of common use in the early 1940s, and today is only allowed in very few situations as outlined in the National Electric Code. These safety standards are published by which trade association?
TIE BREAKER
TB - Coalition is headquartered in San Francisco. Today's population is nearly 900,000 residents. What event in 1848 led to a major population boom?
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BIG "I" MARKETS SALE OF THE WEEK
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Coalition's admitted cyber product is now available in the following states: AZ, CA, CO, DE, IL, MN, NC, OR, PA, RI, TN, UT & WI.
