Coverage Gap

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Amy Bach of United Policyholders has a feel for the pulse of property insurance coverage trends that impact policyholders throughout the United States. She has a seat at the table with the National Association of Insurance Commissioners (NAIC) when discussing topics impacting insurance consumers. I was fascinated with the content of her speech at the California Association of Public Insurance Adjusters Annual Conference yesterday. If there is a macro view of the current coverage trend in standard insurance property insurance, it has to be one of shrinkage and fewer benefits for policyholders while insurance rates increase.
Continue Reading Property Insurance Policy Coverage Trends Point to Less Coverage at Greater Cost

The California and Colorado wildfires are the most recent natural disasters to highlight the pervasive underinsurance problem. United Policyholders has been in the forefront pushing an agenda to end this problem. But there continues to be push back from the insurance industry about making products and practices which will correct the problem.
Continue Reading Everybody Recognizes that Underinsurance of Structures is a Systemic Problem. Will the Insurance Industry or its Regulators do Something to Correct It?

The insurance-to-value questions and concerns of underinsurance come up every time an insurance agent selling property insurance makes an application or oversees a renewal of a property insurance policy. Bill Wilson is an experienced insurance agent and insurance agent educator. When he talks insurance, those of us in the insurance business should listen.
Continue Reading The Underinsurance Gap: Who Is Truly in a Better Situation To Determine the Full Amount of Property Insurance Required on a Structure?