According to the Travelers Insurance Agent newsletter just received: The Senate was back in Washington yesterday and while they weren’t able to pass the bill yesterday that contains the extension of the National Flood Insurance Program (NFIP), the Senate has passed cloture by a vote of 60-30 on the motion to
Spring is in the air and it is time to get your motorcycles, ATVs, watercraft, and other recreational vehicles insured. Most people assume their personal property coverage on their home or renter’s insurance policies provides coverage for their toys, but in many cases separate policies are needed. Van Beurden Insurance specializes
Wedding Insurance, Homeowner's Insurance, Liquor Liability
I recently met with a trucking prospect whose experience mod took a serious increase from 99 to 128%. The cause of this issue was one smaller claim (total incurred of $3,600) that was left open with more than half of the incurred being reserves. Now, reserve levels should be looked at
When an Earthquake occurs, and is of a magnitude where property damage may occur, insurance companies may put a moratorium in effect for any new business in that area. The moratorium will stay in effect until aftershocks have passed. With the recent 7.2 earthquake in Baja California several companies have
In the ever changing market of Workers Compensation, having a knowledgeable Human Resources Department is one of the most useful and cost effective tools in saving your company money. By utilizing the tools and knowledge from a HR person you will ensure your firm hires, fires and works within the parameters of California
With the recent earthquakes in Haiti and Chile, many of my clients have called and asked if their Homeowner’s policy covers Earthquake coverage. Many people may not realize that most Homeowners, as well as Renter’s and Condo policies, do not include earthquake coverage and it must be purchased separately, either
According to a bulletin just received from Fidelity Property & Casualty Insurance Company: Three of the nation’s largest lending authorities have issued guidance to administer the federal flood insurance regulations during the current NFIP lapse in authority. Although each lending authority notes considerations, the consensus is, in most cases, loan
Due to the hiatus until the re-authorization of the NFIP has occurred, we will not be able: Issue new policies Increase coverage on existing policies Issue renewal policies If you have an escrow closing between 3/28 and 4/12 in a designated flood hazard area you will not be able to secure flood
According to a bulletin I just received from Travelers Insurance Company regarding the National Flood Insurance Program (which pertains to all companies that write policies with the National Flood Insurance Program): Congress has adjourned without passing a bill that would reauthorize the National Flood Insurance Program (NFIP) beyond March 28, 2010.