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... have received your HOMEOWNERS POLICY. If you haven't already done so, take a look at the amount of DWELLING COVERAGE (we have highlighted it in yellow) . It is extremely important to insure your home to at least 90% of its replacement cost. Here is a helpful checklist: DWELLING COVERAGE Are you insured to at least 90% of the replacement cost? OTHER STRUCTURES How about your garage, barn, or shed? CONTENTS Do you have enough? Would you like replacement cost on your contents? VALUABLE ITEMS In many areas contents are not fully covered (see the enclosed sheet) . HO-3 We recommend coverage form HO-3. BUSINESS PURSUITS Business property and liability are NOT COVERED. UMBRELLA POLICY We recommend a $1 ,000,000 liability policy. We have also enclosed a ... HOME REPLACEMENT COST ESTIMATOR. This process uses a unit count method and is based on the type and number of rooms in your house. We urge you to return this completed form to us so we can properly update your policy. If you have any questions, please call. We appreciate your business and I personally want to thank you for allowing [company name] to be of service to you. Sincerely, PS Please recommend ([ Company Name) to a friend, and remember, we offer AUTO, LIFE, and BUSINESS coverages, too. Login or Register (for FREE) to gain access to thousands of other great articles. Need more reasons to join? Need insurance for you, your business or your family? Get quality appointments - Save yourself a whole lot of ...

... or coming unexpectedly' (Merriam-Webster) . In other words, sudden' means unexpected or unforeseen, a surprise — and it appears likely that the insured did get a surprise. Here's another example, involving a Commercial Lines claim. The insured cement contractor was pouring a concrete driveway at a home in a new subdivision. As nightfall approached, he inadvertently caused cement to be splattered on a nearby garage door, necessitating its replacement at a cost of $827.69. The owner of the home made a claim for his negligence. The insured received a letter from his CGL carrier's Senior Claim Representative denying coverage, citing Exclusions 2.j.(5 ) and 2.j.(6 ) . Upon receiving a response from the agent to this letter, the claim rep sent another letter citing Exclusions 2.j. ... exclusion in this way would mean that insurers would never have to pay a negligence claim and policyholders' premiums would plummet by at least two-thirds! Everybody wins! We argued that because the insured foresaw that the door could fall on him, it was an act of self-defense, triggering the exception. We also cited the state's bad faith settlement provision that's triggered when a claim isn't paid even though. liability has become reasonably clear. Although we provided 39 pages of authoritative documentation to support coverage, the carrier still refused to pay this $827.69 claim. At that point, the agent turned our file over to the insurance department. Their investigator telephoned the company on April 11. In a letter dated April 12, the insurer's claims manager stated, In the spirit of compromise we will send our insured ...

...ny detached structures, such as a garage or tool shed? If you're keen to cro...gency's failure to recommend Liquor Liability insurance to his client, a resta...

...n recovered at suspects' homes or garages. It's common practice for attorneys ...

...ment to be splattered on a nearby garage door, necessitating its replacement a...a claim isn’t paid even though '... liability has become reasonably clear.' Al...

...ehicles left in his care. Primary garage keepers was not in place to respond, ...

... Silver Coins Stamps Guns Boats Computers ___ Photo Equipment COMMENTS Are your autos insured with the same company? ____ Expiration Date: ____ RECOMMENDED Dwelling ____ Company ____ ­ LIMITS Liability ____ Deductible ____ Premium ____ Guaranteed Replacement Home __ Contents All Risk' Contents Sewer Backup __ Other REPLACEMENT Number of families Year Built ____ Sq. Ft ____ COMPUTATION Brick Frame Garage Cars Brick Frame Attached Balcony Porch Deck Sq. Ft. # of Fireplaces __ # of Chimneys Inside Outside # of Baths Full 1/2 Basement? Finished? Central Air? __ Wiring:- Year Update: ____ Heating Construction Type I, II, III, IV Plumbing:- Year Update: ____ Roof:- Year Update: ____ Built-ins: Stove Refrigerator ... PRESENT HOME Homeowners Carrier ____ Exp. Date____ LIMITS Dwelling ____ Year Built ____ Brick or Frame Additional Structures ____ Liab. ____ Contents ____ Medical ____ Loss of Use ____ Deductible ___ Prior Claims ____ Premium ____ Credits - Alarm, etc.____ Guaranteed Replacement: Home Contents Additions/Alterations All Risk' Contents Theft Ext. Sewer Backup Subsidence Earthquake Extended Liability Scheduled Items Limits: Jewelry Furs Fine Arts (Breakage) Silver Coins Stamps Guns Boats Computers ___ Photo Equipment COMMENTS Are your autos insured with the same company? ____ Expiration Date: ____ RECOMMENDED Dwelling ____ Company ____ ­ LIMITS Liability ____ Deductible ____ Premium ____ Guaranteed Replacement Home __ Contents All Risk' Contents Sewer Backup __ Other REPLACEMENT Number of families ...

... In) Conclusion: We all know that crises are a normal part of our private lives. Managers must realize that the same is now true for organizations. Unfortunately, the short-term orientation of most managers today prevents them from acknowledging the risk to every organization. An anti-terrorist task force for the World Trade Center told the Port Authority eight years before the devastating blast in February 1993 that the center's parking garage was vulnerable to a bomb attack and should be closed to the public (according to press reports following the blast) . Ignoring the advice of experts ended up costing peoples' lives, millions of dollars, and the disruption of hundreds of businesses. Getting senior managers to pay attention may be the most important part of crisis communication before rather than after a crisis develops. 2.6 Reliance on Effective Business ... following is a partial overview of a number of legal requirements warranting consideration as they relate to a comprehensive crisis management program: Crisis Management Plan Legal Considerations SEC - Securities and Exchange Commission SEC Staff Accounting Bulletin No. 92 (SAB 92), June 1993, requires all companies whose shares are traded on U.S. Stock Exchanges to: 1. Quantify and disclose best estimates of contingent product and environmental liability 2. Explain the basis for estimates and describe any uncertainties in annual and quarterly reports filed with the SEC TSCA - Toxic Substance Control Act of 1976 Requires educating employees for their reporting of exposure and, if employees are dissatisfied with employers procedures and conclusions, the employer is required to inform then that they can take the situation to the EPA (protection for whistle blowers) SARA Title III Superfund ...

... would pay first dollar claims to his clients in the event their property was damaged through theft or vandalism. He was willing to pay the higher price since he was in the business of servicing Mercedes, Rolls Royce, Jags, BMWs, and other expensive toys. Vandalism occurred over the weekend, and the insured was forced to spend thousand of dollars repairing 11 vehicles left in his care. Primary garage keepers was not in place to respond, but you can guess what was: the agency E&O policy. Failure to obtain any coverage represents 20% of the claims logged by E&O carriers. The cases just cited demonstrate the need for education among all the agency's personnel. These cases could have been avoided if agency personnel were trained to recognize the sources of claims and had ... for his fur-cleaning firm. Unfortunately, the agent did not pursue the Bailee insurance resource that accompanies the cleaning and storage of valuable fur items. Award for the plaintiff (insured) . If that sounds like a simple mistake, take a look at this error in obtaining the proper coverage: Case No.2: Failure to Obtain Proper Coverage To maintain his business relationships with clients, the insured required general liability and other coverages. A certificate of insurance was issued indicating that the insured had all the proper coverages to meet the standards of contracts required by the client. The client, a general contractor, reported a loss arising from the work of the insured. The loss resulted in discontinuation of underground utility service to a major manufacturing plant. The insured, a swimming pool subcontractor, did not have ...