While most people might assume their homeowners’ insurance covers events like a flood or water damage issue, it usually does not. For example, most homeowners’ policies would cover the damage caused by frozen pipes, but not the pipe itself. However, in instances like heavy water backup into the home or flooding, homeowners’ policies can leave your clients unprotected. With rainfall this season reaching highs, it is more important than ever to check in with your clients and see what additional policies they might need to be fully covered from these events. Understanding the difference between Water Backup Coverage and Flood Insurance will help you help them best. Water Backup Coverage Water backup coverage would kick in regarding water backup into a home from an outside drain or sewer that connects the homeowner’s property to the city system. This can be added to homeowner’s policies to provide additional protection against damage caused by these events. It can cover the damages associated with sudden and accidental water issues, such as if a water heater bursts or a pipe ruptures and things like flooring and drywall then need to be replaced. [...]

As we approach boating and watercraft season, help make it smooth sailing for your clients! Now is the perfect time for insureds to reassess their insurance coverage, especially on boat and personal watercraft protection. Available Coverage: Fuel Spill and Wreckage Removal Debris from accidents on the water can create environmental and safety hazards. Watercraft policies can cover fuel spills and wreckage removal at the limit of liability Physical Damage Coverage Types: Personal Property and Unattached Equipment Coverage With personal effects coverage, fishing gear and other personal property are covered up to a certain value. Plus, unattached equipment such as water skis, deck chairs, anchors, safety equipment, and marine electronics can also be covered. If needed, the insured can often purchase more coverage for a small additional premium. Some insurance companies offer this additional coverage at no cost. Emergency Assistance Reimbursement is available for on-water towing, labor, and basic emergency services (such as delivery of fuel or a battery) if the boat or personal watercraft is disabled while on the water. Pet Coverage This can cover costs if cat or dog that is injured because of a boating accident. New Boat Price [...]

Collision and Comprehensive Auto Coverage are easily confused, do you know the difference? Each of these types of auto coverage have their own benefit. We have put together this blog to help you understand the types of coverage so that you can best recommend options for your client’s unique needs. What is the difference? Collision coverage can provide protection for losses resulting from the hitting of another object by a moving vehicle. This can cover the typical car accident between two vehicles. For example, if your client’s vehicle hits another moving vehicle due to driver distraction, the damages would be covered under collision. Comprehensive coverage protects from instances when vehicles are damaged as a result of something other than a collision. This entails damage other than in an accident, such as damage from vandalism, falling trees, fire, hail, animals, and other weather events. A good way to describe comprehensive coverage is that it handles most incidents outside of your control. For example, if a deer runs into the road and your client hits it, this often results in damage to the car. This falls under comprehensive coverage because [...]

Assist your insured 24/7 with the new bond link on the MIBS website!   Now, license and permit bonds can be obtained directly for your insureds- making the process simpler and faster! With this great new feature, you have: No Application Submission Required 24/7 Access to the Link  MIBS Representative Support Contact MIBS if you need assistance with this tool Opportunities to sell other lines of insurance while obtaining a bond- Use the bond tool as a chance to sell other coverage. For example, contractors when they need a license and permit bond can lead into other lines such as general liability, professional liability, workers compensation and more. This link is now available on our website! Get A Bond Please click below for a step by step guide to use the new link or contact MIBS directly for assistance. How To Guide You can obtain a variety of other bonds by contacting MIBS directly such as Erisa, Notary, Bid & Performance bonds, Financial Responsibility bonds, State bonds for Roofing license and more. Frequently Asked Questions: When Does Someone Need To Be Bonded? This is usually [...]

Do you have a client with service maintenance agreements? A CNA specialist can help you connect them with the CNA Equipment Maintenance Program. As today’s organizations become more sophisticated and reliant on equipment, the importance of properly covering that equipment becomes increasingly critical. To manage the post-warranty risk of equipment maintenance and repair, many organizations purchase individual service and maintenance contracts. While these service contracts extend the life of original investments, they don’t have to be purchased from the Original Equipment Manufacturer (OEM). For this need, your clients can rely on the simplicity of the CNA Equipment Maintenance Program. Open the door and a CNA specialist will join you to present, explain and sell the program. What is the CNA Equipment Maintenance Program? The Equipment Maintenance Program (EMP) is an alternative way for your qualifying clients to purchase and manage repair services for all types of equipment they own and operate. Those who purchase equipment are often faced with the high costs of Original Equipment Manufacture’s (OEM) service contracts and do not even recognize they have a choice of other coverage. The CNA EOM Program replaces an organization's [...]

Specifically designed to meet the needs of the Health, Fitness & Wellness Facilities, Philadelphia Insurance Companies coverage taps into a unique and growing market. With the driver for healthy habits speeding up at high rates, the demand for the specific coverage has grown. Fitness and Wellness coverage is designed to meet the needs of many categories such as: Health Club Facilities, membership based Fitness and Sport Facilities, training and instruction based Martial Arts Studios Yoga Studios YMCA’s  Keep in mind for Fitness & Wellness, there are quite a few products that the insured can access directly and can obtain quotes and bind coverage themselves with Philadelphia. More specifically for individual fitness instructors or studios, the carrier does not pay commission or use brokers for those policies since the insured can access the portal directly and obtain quotes from the website for $175 in premium. However, for other Fitness & Wellness policies they do accept submission and follow a normal quoting process. Key Benefits General and Professional Liability Comprehensive General Liability and Professional Liability Personal Injury Liability Special Events Insurance for outside the club/facility Coverage extended to contracted professionals Zero Deductible [...]