Month: January 2018

IIABCal: Legislative Update on Fire Insurance Legislation Proposed In 2018

January 9, 2018

There is the potential to be as many as 30 fire insurance related legislative measures introduced by the February 16, 2018 bill introduction deadline for the year, the majority of which to be potentially sponsored by California Insurance Commissioner Dave Jones.

These are currently proposals, with the exception of those in Section I which have been formally introduced. The following is intended to provide a primer on potential legislative action in this issue area.

Click here to read on.

 

Quarterly Conference Call: Workers’ Compensation

January 4, 2018

 

Mark you calendar and remind your clients:

D&D Insurance invites our clients to a quarterly Worker’s Compensation conference call! The call will be held on January 10th, 2018 at 10:00 AM.

Topics covered include:

-Proper claim reporting
-First Aid
-MPN requirements
-Proper DWC-1 execution
-Transitional return to work

Please RSVP to Michelle at (559) 437-6812 if you’d like to attend.

Solar Equipment and Artificial Lawns: Customer Info

January 2, 2018

We are seeing an uptick in People installing Solar Equipment and or Artificial Lawns to their homes and businesses.

Solar Equipment:

  • Solar equipment can be either leased or bought outright. A typical lease states the user must indemnify for repairs beyond normal maintenance. In either case, check with the Insurance Co. Underwriter on how they want to increase coverage. Some are increasing it by Dwelling/Building limits and others are requesting it to be added by Endorsement. Ask the client if it is attached to the roof or a separate standalone structure. If it is a standalone structure, remember to increase the “Other Structure” limits or by Endorsement. The point being, the Solar Equipment adds overall value to the Risk and needs to be accounted for in the risk valuation. We don’t want to be short changed if the property is destroyed, i.e. fire.

 

Artificial Lawn:

  • Artificial lawns are still classified under Tress, Plants & Lawns extension of coverage. There are financial limitations for lawn coverage. Most Dwelling or Business policies have a maximum lawn allowance of $500.00 to $1,000.00. Artificial lawns are not cheap, so inquire with the client on costs. The lawn will need to be a “Scheduled Item”. There is a new trend of Artificial Lawns being stolen.

 

On behalf of John Manning & The Claims Team

Monday Motivation: January 1, 2018

January 1, 2018

“Be at war with your vices, at peace with your neighbors, and let every new year find you a better man.”

-Benjamin Franklin

Happy New Year!