Property and Casualty Insurance in North Texas
Your certificates of insurance have just had a facelift. Thanks to a new law passed in the Texas Legislature, the way companies communicate insurance coverages through the use of ACORD certificates has fundamentally changed. The hope is that coverage miscommunications and misleading information will be a thing of the past. Senate Bill 425 went into Continue Reading …
Do I need special coverage for my GPS, DVD player and other electronic equipment in my vehicle? This is a great question, and one that our customers ask frequently. Americans have developed a love affair with their electronic toys. TVs, DVD players, GPS devices, satellite radio receivers, VCRs, CD players, computers, tape decks, and stereos Continue Reading …
A certificate of insurance is an informational document issued by or on behalf of an insurance company. The certificate indicates that an insurance policy exists of a certain type and limits. Certificates are simply snapshots of basic policy coverages and limits at the time of issuance of the certificate. Certificates are not intended to modify Continue Reading …
Why is your agency declining to issue a certificate of insurance that provides for notice of cancellation to the certificate holder? In September 2009, ACORD revised the ACORD 25 Certificate of Insurance form. One of the major changes was the removal of the cancellation notice provision. We are unable to issue an older edition of Continue Reading …
You should have an amount of insurance that is sufficient to either rebuild your building (“replacement cost coverage”) or purchase a similar building at another location suitable for your business (“actual cash value coverage”), in the event it is totally destroyed by a fire, tornado, hurricane or other insured catastrophe. One of the decisions you Continue Reading …
My employees use their personal vehicles for business purposes. Is it OK to add their vehicles to the company business auto policy? This is a great question that our customers ask frequently. In a word, no. It is generally not a good idea to add an employee’s personally-owned vehicle to the business auto policy. The Continue Reading …
COMMISSIONER’S BULLETIN #B-0049-10 November 24, 2010 TO: ALL COMPANIES, CORPORATIONS, EXCHANGES, MUTUALS, RECIPROCALS, ASSOCIATIONS, LLOYDS, OR OTHER INSURERS WRITING PROPERTY AND CASUALTY INSURANCE IN THE STATE OF TEXAS, THEIR AGENTS AND REPRESENTATIVES AND THE PUBLIC GENERALLY RE: EVIDENCE OF COMMERCIAL PROPERTY INSURANCE The Department reminds insurers and agents that §541.061 of the Insurance Code prohibits Continue Reading …
If you own a house that is located along the ocean, bay or within a coastal county, your home may be vulnerable to wind damage caused by a hurricane or Nor’ Easter. It is important to take preventative measures to help protect your family, home and possessions. Here are some things you can do: Measures Continue Reading …
Earthquake damage can be mitigated if you and your family take precautionary measures. Here are some steps you can take before, during and after an earthquake. Before an Earthquake Have a licensed contractor check your chimney(s), roof and wall foundations for stability. Make sure your home is bolted to the foundation. Secure your water heater(s) Continue Reading …
Careful planning is key in protecting your home and valuables from theft. Here are some ways to help safeguard your property: General Security Measures Exterior and interior doors that lead from the basement or garage should be constructed of solid wood or metal and equipped with dead bolt locks. A well-illuminated home is less of Continue Reading …