Insurers have a long history of giving customer discounts for installing devices in their homes that reduce risk, such as alarm systems and automatic water-shutoff valves. Today’s smart home technologies are evolving quickly and giving consumers new ways to protect their property and belongings.Read More
Many major urban areas feel like crane forests these days. In Chicago, 42 high rises are under construction,1 and in the San Francisco Bay Area, the largest construction projects collectively cost $22 billion, more than the gross domestic product of 80 countries.2 Central Seattle is home to 66 major construction projects, with 4.5 million square feet of office space slated to open this year.3Read More
In response to our blog about the cryptic language of insurance, many of you have asked for a sequel. Insurance is full of confusing terms, so we are all too happy to oblige. Hopefully we can shed a bit of light into the darkness with the following clarifications.Read More
When the Big One hits, what kind of damage can you expect? While it’s up to fate as to how intense or severe the quake will be — or when it will happen — the fact is set in stone. Earthquakes can and do happen here.
In fact, Washington state is second only to California when it comes to earthquake risk, and this is reflected in our earthquake classifications.
In today’s service economy, it’s all about finding a niche. No matter the industry, if there’s a customer need not being filled, someone will find a way to address it. A niche doesn’t have to be sexy or earth-shattering. Even a small innovation can have a sizeable impact.Read More
According to Wikipedia, RCP could refer to Rochester Community Players, Radio Club Paraguayo, or the Romanian Communist Party.Read More
Some architectural terms — like lobby and foyer, or house and home — are different terms for the same thing. But the same can’t be said of mezzanine and floor. Yes, there’s a difference, and this post will tell you why.Read More
This past St. Patrick’s Day, you may have felt — or heard about — the small earthquake centered in Mercer Island. Though small, it reminds us that we’re in a region prone to quakes.Read More
Throughout my career I’ve attended a good number of conventions and other meetings as a vendor. I set up my booth and talk about WSRB and other topics like golf. OK, mostly golf.
I like to wander about from time to time because I am curious and my feet hurt if I stand still too long. Every show I learn something new on how to display, how to talk to folks, and generally how to do a better job. The best part of a show is seeing old friends, talking about what we can do and seeing the strength of the insurance agent.Read More
Causes of Loss – Special Form
Special Cause of Loss provides coverage for risks of direct physical loss unless excluded or limited.
Theft coverage is included when using the limit of insurance (LOI) rating method, but it can be excluded.
The Watercraft Exclusion modifies coverage under Special Form. It excludes watercraft damage to retaining walls that are not part of a building, bulkheads, pilings, piers, wharves, or docks.Read More