Question: “What is the law regarding conditional renewal notices sent out on Homeowners policies that will be renewing with increases? Specifically, 25% or more?” Answer: New York law does not…
QUESTION: “I have a company that increased an insured’s renewal premium by over $1,000 because of a deer collision claim (payout was $6,000 for a comprehensive claim). I do not…
Question: “We have a manufacturer/warehouse/winery risk that is with a company that has ISO forms plus their own proprietary coverage. The proprietary coverage does not mention that the Agreed Value…
Question: “We have an insured who owns a secondary seasonal home, which she occupies. She also occasionally will rent it out to someone else for a month or so when…
Question: “Doesn’t the New York auto photo inspection regulation say that the insurer does not have to have vehicles inspected if it’s insuring them under a book transfer by an…
Question: “Are there any disclaimers or any other special information we need to include in a service fee agreement in addition to what’s in the attached form?” Answer: The only…
Question: “My client is trying to close on the purchase of a house, and his bank won’t accept an insurance binder at the closing as proof of insurance. Doesn’t the…
Question: “How do I prove to my client’s customer that my client, a sole proprietor with no employees, is not required to carry Workers’ Compensation insurance? The New York State…
Question: “We’re being asked to print off policies more and more. How does the New York State Department of Financial Services (DFS) feel about us mailing USB drives to insureds?…
New York businesses are required to inform their employees about a new sexual harassment hotline, under a law that took effect in July. We urge all of you to add…
