iMGA's Texas Personal Property Insurance Blog

These days it’s more important than ever to be sure your customers are insured with solid markets that will be there for you – and them – for the long run.

That’s why at iMGA we’re so proud to provide products backed by solid, stable carriers.

The iMGA admitted programs are all underwritten by San Antonio Indemnity Company, an A.M. Best B++ rated carrier that has been doing business in Texas personal property for over 30 years. A.M. Best affirmed SAIC’s rating – and stable outlook – just 45 days ago. Plus, all the programs are backed by well-respected A rated reinsurers.

The iMGA Non-Admitted Homeowners program is backed by Ace and Catlin, two of Lloyds of London’s leading syndicates, both of which are A rated.

So, whether it’s helping provide you with a market for your new MobileHome, TDP1, TDP3, HOA, Non-Admitted Homeowners, or Vacant dwelling customers, or helping you move an entire book, iMGA and our carriers are here for you.

The iMGA Vacant Dwelling program has been on the street for a couple months now and selling very well. As usual, though, we’ve been listening to our agents’ suggestions for improvements and have already implemented several. Some highlights of the Vacant Dwelling program changes include:

• Contents coverage is now available
• Up to 9 dwellings can now be scheduled
• Up to 10 mortgagees can now be scheduled
• A roof exclusion is an option if needed
• Tier 1 coverage is available (as long as the insured has separate wind and flood policies)

Of course iMGA programs can be quoted and bound online, within minutes (literally – please challenge us!) in most circumstances. Should a referral be required our underwriters are fast to respond and will work with you to solve your customers’ unusual needs.

To quote this or any other iMGA program, simply  log in to the iMGA web site, select “Online Quoting”, choose “Start All Quotes Here” as the Line of Business, and in just a couple moments you’ll have a price you can rely on.

As always, if you have any questions about this or any of our other products, please call Tony at extension 12 or Mike at extension 13 and they’ll be glad to help you.

Last week we heard the story of a customer who was unpleasantly surprised to learn that the theft of his computer equipment was not covered under the TDP1 policy he’d purchased to cover his home.

In this economy there is pressure to reduce costs as much as possible, but as an insurance professional you know how important it is to be sure your clients are covered – and understand the coverages they’re giving up if they choose to go to a cheaper alternative.

That makes extra coverages more important than ever. Like those automatically included in iMGA’s Non-Admitted Homeowners program:

• Personal Injury coverage
• Slab coverage (up to 15% of Coverage A limit)
• $5,000 mold coverage
• $5,000 water backup and sump overflow (on HOB only)
• $2,500 business personal property coverage (with optional additional limits available up to $50,000)
• $2,500 firearms theft coverage
• $1,000 loss-assessment coverage (with a $250 deductible)

(And of course the iMGA Non-Admitted HOA/HOA+ and HOB policies include theft coverage automatically and also offer optional personal computer coverage limits up to $7,000 with only a $100 deductible.)

We’ve received a few questions about our forms and coverages lately. Since our mission is to make things as easy as possible for all our agents, we’ll post more information on additional coverages and coverage comparisons between the TDP1/TDP3 and HOA/HOA+/HOB on the web site in the next few days.

If you’re a Texas independent agent who doesn’t yet represent iMGA, apply to become an agent.

At iMGA we understand that independent agencies have many companies they can use, and that each of those companies has multiple products with unique underwriting requirements. With us alone you have MobileHome, Dwelling Fire (TDP1 & TDP3), Travel Trailer, Vacant Dwelling, Remodeler Coverage, HOA/HOA+ (both admitted and non-admitted) and HOB options.

How do you keep all that straight? How do you avoid killing time quoting something that doesn’t qualify for a product?
How do you make sure you offer the insured the best coverage for which they qualify, and in the least amount of time?

Other markets require a time consuming trial and error approach. We like it simple. So, we developed an easy method. If you have ANY Texas Personal Property coverage need, simply login at iMGA.biz, select Online Quoting, and choose StartAllQuotesHere as the Line of Business.

We’ll run you through a very short set of questions to verify which lines of business that specific risk qualifies for, and show you exactly those lines. Then, with the push of a button the information you’ve already entered is transferred over for quoting. With just a few more questions, we’ve looked up the protection class, tax records, and calculated dwelling value for you online, and you have a confirmed quote, with no wasted effort.

Respecting your time and understanding that you have alternatives – just one of the many ways that we’re working to be the easiest personal property market Texas independent agencies have. If you are a Texas independent insurance agent who would like to represent us, please click on “Become an Agent” at the top of the page and complete the form so that we can start to get to know each other better.

“We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.”

234 years ago this Sunday 58 men signed that Declaration and pledged their lives, fortunes and sacred honor to earn those rights for their fellow citizens.

So, our office will be closed starting noon today and will reopen on Tuesday.

We’ll use much of the time to watch parades and fireworks and enjoy some backyard grilling and time with family. But we’ll also take some time to reflect on the amazing heritage our founding fathers left, how fortunate we are to be here, and what a responsibility we have to continue and not squander that heritage.

Of course our system will still be up and able to quote and bind policies and post payments as needed during that time.

We hope you have a fantastic weekend.