Beissel & Cobb Insurance Services, Inc. Blog
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Thursday, October 21, 2021The idea of insuring to value is straight ahead, insure your property to the limit that is needed to repair/replace the property. The problem is that the replacement value of your property is not determined until after a loss has occurred, and there can be ide variations in the estimated cost to rebuild your property. READ MORE >>
Wednesday, October 20, 2021Commercial insurance is fundamentally different from Residential Property in that with most insurance policies there is no extension endorsement available. Residential carriers often offer extended replacement cost endorsements with options of 25% and 50% available. READ MORE >>
Tuesday, October 19, 2021In California insurance carriers offering residential property coverage (home) must disclose the different options available. The primary options are: Guaranteed Replacement Cost - there is not a limit on how much the carrier will pay to rebuild your home. READ MORE >>
Monday, October 18, 2021There is often great confusion regarding a Certificate of Insurance (COI) around what it actually does and what people assume it does. A COI is NOT an insurance contract. A COI provides no rights or guarantee of coverage to the COI holder. A COI provides zero certainty that a claim will get paid. READ MORE >>
Sunday, October 17, 2021I had business client reach out to me recently with a question on a personal auto quote he had received from a different agent. In short, my client understood the quote to be for an annual term, while the quote was actually for a six month term. READ MORE >>
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