Some insurance carriers refer to Directors and Officers (D&O) Liability as miscellaneous liability. Take my word, it is not a coverage that should be considered miscellaneous. There is a world of difference between D&O coverage offered to you as an endorsement on your master policy and proper D&O coverage specifically written as a stand-alone policy. […]
Read MoreTOP 15 MOLD PREVENTION TIPS
Top 15 Mold Prevention Tips to help maintain the highest quality living environment for your home Circulate the Air – Open your windows – Proper ventilation is essential. When the outside air is drier than the inside, ventilation allows the dry air to enter, take up excess moisture, and then be carried outside. When natural […]
Read MoreOctober is Apple and Pumpkin Month -Enjoy these Recipes from Connie Phillips Insurance
Cinnamon Roll Apple Pie Ingredients: 5 granny smith apples, sliced 2 cans cinnamon roll ½ cup sugar 1 teaspoon cinnamon 1 tablespoon cornstarch Instructions: Preheat oven to 350°F and spray a pie dish with nonstick oil. Peel and cut the apples into thin slices and place in a bowl. Add sugar, cinnamon and cornstarch to apples and stir. Cut each […]
Read MoreBIZARRE INSURANCE CLAIMS
#1 What happens when you hire an unqualified contractor to do work in your Condo? You live in a sprinklered building. Your hot water heater is located in a closet and needs to be repaired. You call in your friend who does plumbing on the side…. He assures you it would be no problem (and […]
Read MoreWINTER WEATHER CHECKLIST – Be Prepared!
When preparing for a possible winter storm or freeze, use this checklist to minimize your facilities exposures. The following checklist is intended to provide you with the general information needed to plan and implement an adequate response to catastrophic winter weather exposures. The purpose of this form is to help protect lives, property, and other […]
Read MoreCondominium and Homeowners Association Insurance Checklist
I have compiled the following checklist for comparison to your current policy. Feel free to contact us for a complete side by side comparison on your Association Insurance coverage. 1-888-439-0479 PROPERTY Special Form coverage Guaranteed Replacement Cost, Extended Replacement Cost or Replacement Cost Agreed Amount, Agreed value or Evidence of 100% Replacement Cost Building Blanket […]
Read MoreCommunity Association Insurance for Condominiums & Homeowners Associations (HOA’s)
Community Association Insurance for Condominiums & Homeowners Associations (HOA’s) Insurance is the last thing you want to read about. Everyone wants the lowest price and then expects all claims to be insured and covered by the insurance carrier. This article will point out several areas that are often overlooked because the board voted on the […]
Read MoreFidelity Bond and Cyber Security Liability – Do you have the right coverage?
We wanted to help you understand the different insurance and why the broader Fidelity Bond coverage and Cyber Liability and Data Breach coverage should be considered. I have summarized the following: Fidelity Bond with all agreements extend to cover False Pretense, Phishing, Social Engineering, Hacking of bank account and Wire Transfer Fraud. Most policies only […]
Read MoreMaryland Condominium Act and your Homeowners Condo Policy
Please note effective October 1, 2020 the condominium unit owner’s deductible responsibility will change per the Maryland Condominium Act. The new law increases the unit owner’s deductible responsibility from $5,000 to $10,000, if a loss originates in your unit. If the loss originates within your unit, payment of the Association’s deductible up to $10,000 will […]
Read MoreInsurance Glossary
A Abandonment Surrender to the insurer of all interest in insured property after an event insured against has occurred. Not permitted under most property insurance contracts. Applies to property, or physical dam- age coverages, in Fire, Marine and Auto Insurance. Abandonment condition A condition often contained in property insurance policies that states that the insured […]
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