I'm told that today, July 18, is national Insurance Nerd Day. I had no idea. The Hallmark people must have forgotten to print cards for the occasion this year. I will take that matter up with them later. In the meantime, because it is a slow news day Insurance Nerd Day, I have been begged bribed threatened asked to pen a few words about this revered date on the calendar.
What is an insurance nerd? How do you know if you are one? Well, if you didn't figure it out when you entered kindergarten, here are some signs. With apologies credit to that famous American philosopher Jeff Foxworthy, you just might be an insurance nerd if …
… The words “all risk" sound to you like a dentist's drill.
… You've considered ending a friendship with someone who refers to automatic additional insured endorsements as “blanket additional insured" endorsements.
… You've explained the definition of “flood" in a National Flood Insurance Program policy to relatives. During Thanksgiving dinner.
… Your spouse had to talk you out of naming the children “Primary" and “Non-Contributory."
… When entering a building for the first time, you instinctively glance at the ceiling to see if there is an automatic sprinkler system.
… Your first thought upon hearing about a fire is to wonder who insures the building.
… You understand the coinsurance condition in property insurance policies.
… You've always thought that “primary-non-contributory-waiver-of-subrogation" was one word.
… You're passionate about debris removal coverage.
… You get chest pains when you hear that a friend's college student child is driving for Uber.
… You know and can explain the ways that ISO has changed liability coverage for riding lawn mowers in the Homeowners policy since the year 2000.
… Someone in your life is not speaking to you because you insist that Business Income insurance does not cover COVID losses.
… You sincerely believe the movie “Cedar Rapids" was unjustly overlooked when Oscar nominations were handed out in 2012.
… You actually understand how a contractual liability exclusion really provides contractual liability coverage.
… When anyone in your office/family/circle of friends has an insurance coverage question, they come to you because they know they'll get a correct answer.
So, on behalf of myself, a proud, card-carrying, fine-print-reading, insuring agreement-quoting Insurance Nerd, and on behalf of those of us at Big I New York who aren't on vacation this week, I wish all of you who share my pathology fascination with insurance coverage a happy and joyful Insurance Nerd Day.
Now, given Hallmark's neglect of the occasion, I'm speaking with an attorney about suing them for discrimination. As any insurance nerd knows, third-party discrimination suits may be insured under Employment Practices Liability Insurance …