While most people might assume their homeowners’ insurance covers events like a flood or water damage issue, it usually does not. For example, most homeowners’ policies would cover the damage caused by frozen pipes, but not the pipe itself. However, in instances like heavy water backup into the home or flooding, homeowners’ policies can leave your clients unprotected. With rainfall this season reaching highs, it is more important than ever to check in with your clients and see what additional policies they might need to be fully covered from these events. Understanding the difference between Water Backup Coverage and Flood Insurance will help you help them best. Water Backup Coverage Water backup coverage would kick in regarding water backup into a home from an outside drain or sewer that connects the homeowner’s property to the city system. This can be added to homeowner’s policies to provide additional protection against damage caused by these events. It can cover the damages associated with sudden and accidental water issues, such as if a water heater bursts or a pipe ruptures and things like flooring and drywall then need to be replaced. [...]

Collision and Comprehensive Auto Coverage are easily confused, do you know the difference? Each of these types of auto coverage have their own benefit. We have put together this blog to help you understand the types of coverage so that you can best recommend options for your client’s unique needs. What is the difference? Collision coverage can provide protection for losses resulting from the hitting of another object by a moving vehicle. This can cover the typical car accident between two vehicles. For example, if your client’s vehicle hits another moving vehicle due to driver distraction, the damages would be covered under collision. Comprehensive coverage protects from instances when vehicles are damaged as a result of something other than a collision. This entails damage other than in an accident, such as damage from vandalism, falling trees, fire, hail, animals, and other weather events. A good way to describe comprehensive coverage is that it handles most incidents outside of your control. For example, if a deer runs into the road and your client hits it, this often results in damage to the car. This falls under comprehensive coverage because [...]

Assist your insured 24/7 with the new bond link on the MIBS website!   Now, license and permit bonds can be obtained directly for your insureds- making the process simpler and faster! With this great new feature, you have: No Application Submission Required 24/7 Access to the Link  MIBS Representative Support Contact MIBS if you need assistance with this tool Opportunities to sell other lines of insurance while obtaining a bond- Use the bond tool as a chance to sell other coverage. For example, contractors when they need a license and permit bond can lead into other lines such as general liability, professional liability, workers compensation and more. This link is now available on our website! Get A Bond Please click below for a step by step guide to use the new link or contact MIBS directly for assistance. How To Guide You can obtain a variety of other bonds by contacting MIBS directly such as Erisa, Notary, Bid & Performance bonds, Financial Responsibility bonds, State bonds for Roofing license and more. Frequently Asked Questions: When Does Someone Need To Be Bonded? This is usually [...]