Author Archives: Regina Anderson, Insurance Information Services

Ask Regina

Q. We recently have had mortgage companies requiring the full loan amount for insurance coverage that exceeds the replacement cost of the dwelling. Aren’t they prohibited from doing that? A. Yes, the Texas Insurance Code Chapter 549, Sec. 549.0551 states” … Continue reading

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Ask Regina

Q. We have an insured that will be sending employees overseas to work on a military base and the base is requiring Defense Base Act Insurance. What is it and how do we provide the coverage? A. Defense Base Act … Continue reading

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Ask Regina

Q. Our corporate agency has added new officers. Is there anything that we need to send to the Texas Department of Insurance in regard to our corporate license? A. Yes, a partnership, corporation or LLC must notify TDI using the required … Continue reading

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Ask Regina

Q. Our insured had a wind and hail claim earlier this spring with partial damage to their roof and the insurance company wants to just repair the damaged portions instead of replacing the roof. Our insured is not happy about … Continue reading

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Ask Regina

Q. A vehicle ran into our insured’s fence knocking down a portion of the fence and completely destroying another portion. The at-fault party’s insurance does not want to pay full replacement cost, is that correct? A. Generally, Texas courts value … Continue reading

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Ask Regina

Q. We recently had an insurance carrier exclude windstorm by adding BP 01 20 to a BOP policy and CP 10 57 to a commercial package policy and both policies were for locations not on the Texas coast.  Can the … Continue reading

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2017 Company Appointment Guide Now Available Online

IIAT staff recently surveyed IIAT member insurance companies in Texas to update their agency appointment strategies, resulting in the 2017 edition of IIAT’s Company Appointment Guide. Find out which companies are considering additional agency representation in various parts of the state.

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TDI Approves NCCI Filing Regarding Experience Rating Modification Factors

The Texas Department of Insurance has approved NCCI filing Item P-1413 which adds an endorsement advising employers that their experience rating modification factors may change during the policy term instead of on the anniversary rating date. The changes in Item … Continue reading

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Ask Regina

Q. What is the difference between an insurance binder and a certificate of insurance? Don’t both prove that coverage is in effect? A. A binder is an actual contract of insurance for an insured.  When you bind coverage you are … Continue reading

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Ask Regina

Q. Our insured has a TDP-3 and during a storm, lightning hit and split a tree. Is there coverage on the dwelling fire policy for the tree and does the deductible apply? A. Yes, there is coverage if the loss was … Continue reading

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