Archives for personal property insurance

Stability Matters

August 2, 2010

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.

Categories: Texas Personal Property Insurance Tags: , , ,

Vacant Dwelling Program Made Even Easier

July 28, 2010

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.

Categories: Texas Personal Property Insurance Tags: , , ,

Coverages Matter

July 23, 2010

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.

Categories: Texas Personal Property Insurance Tags: , , , ,

Return to Business As Normal

July 1, 2010

We are pleased to announce that – now that Hurricane Alex is dissipating as it moves across Mexico and the risk to Texas has passed – the temporary binding restriction in counties along the coast has been lifted.

Once again you can immediately issue eligible policies in all iMGA products (MobileHome, TDP1/TDP3 Dwelling Fire, HOA/HOA+, Vacant/Renovator and Non-Admitted HOA/HOA+/HOB) across the entire state. Normal eligibility rules still apply, of course. So, please, quote a policy today.

Categories: Texas Personal Property Insurance Tags: , , ,

Hurricane Alex Update

July 1, 2010

It looks like Texas missed the vast majority of the damage from Hurricane Alex as it hit landfall about 110 miles south of Brownsville in Mexico about 9pm CST tonight.

Some limited tornado activity has been spotted in Texas and rainfall levels will be high, but otherwise damages in Texas are expected to be minimal. We are thankful for that.

Categories: Texas Personal Property Insurance Tags: , , ,

Tropical Storm Alex the First of the Season

June 29, 2010

Hurricane season just started and there’s already a tropical storm potentially threatening at least part of the Texas coast.

So, effective immediately and until further notice, additional exposure cannot be bound in the following counties in any line of business (MobileHome, TDP1/TDP3 Dwelling Fire, Admitted HOA/HOA+, Vacant or Non-Admitted HOA/HOA+/HOB):

Angelina, Aransas, Atascosa, Austin, Bastrop, Bee, Brazoria, Brooks, Caldwell, Calhoun, Cameron, Chambers, Colorado, De Witt, Duval, Fayette, Fort Bend, Galveston, Goliad, Gonzales, Grimes, Guadalupe, Hardin, Harris, Hidalgo, Jackson, Jasper, Jefferson, Jim Hogg, Jim Wells, Karnes, Kenedy, Kleberg, La Salle, Lavaca, Liberty, Live Oak, Matagorda, McMullen, Montgomery, Newton, Nueces, Orange, Polk, Refugio, Sabine, San Augustine, San Jacinto, San Patricio, Starr, Trinity, Tyler, Victoria, Walker, Waller, Washington, Webb, Wharton, Willacy, Wilson, Zapata

Also, additional exposure cannot be bound in the following counties for the Non-Admitted HOA/HOA+/HOB line of business:

Bandera, Bexar, Blanco, Brazos, Burleson, Caldwell, Cherokee, Comal, Dimmit, Frio, Hays, Houston, Kendall, Lee, Leon, Madison, Medina, Milam, Nacogdoches, Panola, Robertson, Rusk, Shelby, Travis, Trinity, Uvalde, Williamson, Zavala

We will let you know as soon as we can resume business as usual. In the meantime, our thoughts are with those who might be affected.

Please visit our web site for policy status, endorsements or quoting, or call Mike at 512.494.4161 x13 or Tony at x12 if you have any questions.

Categories: Texas Personal Property Insurance Tags: , , , , ,

Homeowner, Rental and Vacant Dwelling Insurance for Corporations and Partnerships

June 17, 2010

At iMGA we have been asked a lot about the ability to insure mobile homes, rental dwellings, vacant dwellings and homes where the legal owner is a partnership, trust, corporation, estate or other legal entity.

In keeping with our mission to make every part of the process as easy as possible for our agents, iMGA is open to various types of named insureds on all of our policies – even if the policy includes liability coverage.

So, go ahead and place that partnership, LLC, LLP, corporation, estate or trust-owned property with us and free up some time to focus on something else instead. Plus, if it’s a TDP1, TDP3 or Vacant/Remodeler policy, you can put up to 9 dwellings on the same policy. Log in now and see just how easy it can be.

Categories: Texas Personal Property Insurance Tags: , , , , ,

New Vacant Dwelling Program!

June 10, 2010

According to the U.S. Census bureau the first quarter of this year 1 in 9 U.S. homes – more than 19 million – were vacant.

Are any of those homes owned by your clients?

iMGA is proud to help fill this growing need with our new Vacant Dwelling program. Designed for Texas homes with current or post-renovation values up to $300,000, this program is designed to help meet this significant need.

This is an ADMITTED Vacant Dwelling program. As with all iMGA programs, the Vacant Dwelling product is EASY to quote and issue.

There are many reasons someone might own a vacant home:

  • Found a bargain and is waiting for the market to turn.
  • Is renovating the property for future rental or resale.
  • Had to move but couldn’t sell.
  • Inherited a property and haven’t decided what to do with it.
  • Was renting it out but decided they didn’t like being landlords.

There are even more reasons to use iMGA’s admitted Vacant Dwelling product:

  • 6-month and 12-month terms available (50% minimum earned premium)
  • Corporate entities (LLCs, LLPs, etc.) eligible
  • Renovation coverage available – including $5,000 for theft of unattached materials
  • Dwellings valued up to $300,000 and on up to 5 acres are eligible
  • Up to $300,000 liability coverage available on each dwelling
  • No reporting requirements – limit based on completed value including renovations
  • Unique admitted program offering using TDP1 policy form
  • Underwritten by San Antonio Indemnity Company and backed by their B++ A.M. Best rating
  • Direct-billed with paid-in-full and up to 8-pay installment options available
  • Older roofs can be excluded
  • Up to 9 dwellings on a single policy (unless mortgagee billed)
  • Fast, EASY quoting and instant policy issuance (for qualified properties)

So, next time you have a customer with a vacant dwelling for whatever reason, login and quote their Vacant Dwelling coverage with us.

We are proud to be able to help meet this need – and proud to work with fantastic texas agents. 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.

Categories: Texas Personal Property Insurance Tags: , , ,

Bringing great things to Texas Homeowners Insurance

May 19, 2010

Texans have a long history of arranging fantastic protections for their citizens via international negotiations, and we at iMGA have kept up that tradition during our negotiations with Lloyd’s of London.

Just 174 years and one week ago, on May 14, 1836 Texas officials and Santa Anna signed treaties that ended hostilities and restored private property, released Texan and Mexican prisoners and led to the withdrawal of Mexican troops. The treaties also began the process of Mexico acknowledging Texas independence and recognizing the Rio Grande as its boundary.

While our negotiations with the Underwriters at Lloyd’s were less critical and more subtle than those used by Sam Houston on Santa Anna, we were able to persuade them to provide us with a set of products unlike any currently being sold through Lloyd’s Underwriters.  In the Texas tradition of perseverance and determination and with a rural road trip thrown in for our lead underwriter, we are pleased to announce our new HO-A, HO-A+, and HO-B products.  They are backed by the A.M. Best “A” rated security of Lloyd’s of London, and are ready for you to quote, bind and issue.

Here are some highlights:

  • Dwelling Values from $35,000 to $550,000.
  • Acreage up to 30 acres with incidental Farm Ranch exposure including outbuildings, equipment, animal collision, and Farm Ranch Liability
  • Home Based Business are eligible.
  • Automatic Hail Resistive Roof Credit without documentation.
  • Personal Injury Coverage included at no additional charge.
  • Personal Property schedules including gun schedules.
  • Credit Scoring
  • Diving Boards, Pool Slides, and Trampolines
  • Limited Mold Coverage automatically included at no additional charge.
  • Limited Sudden and accidental water discharge below slab included on HO-B and available on HO-A+.

For more details on our new products, please log in.  You will find a complete outline under the Non-Admitted Quick Reference Guide link towards the top of the page.

We are very excited about these products.  We strive to bring real value to our agency partners.  We hope that we are bringing you something very different and valuable that you can provide to your clients. We welcome your feedback. More details will follow soon, but log in now to see for yourself the great pricing and coverages available through this new program, or contact us to become an agent.

Texas Ranger photo courtesy of Flikr user diveofficer.

Categories: Texas Personal Property Insurance Tags: , , , , , ,

Reporting Claims

May 5, 2010

Anyone who’s done business in Texas property for very long knows it’s that time of year again. So while we hope it’s a long time before you need to know how to report a claim on iMGA policies, we know the need may come up sooner rather than later.

Just in case, here’s how it works.

If you’re logged in, click on the “Report a Claim” link at the right of the screen.

If you’re not logged in or if you want the insured to report the claim directly, click on the “Services” tab at the top of any page on the iMGA web site and then click on the “Report a Claim” link in the middle of the page.

Either one will pull up an online-fillable version of the Acord Property Loss Notice. Mission Claims has added logic to the form so that after it’s completed you or the insured can simply click “Submit Form” and the form will be emailed to the proper address (claims@missionclaims.com). If that doesn’t work for any reason you can simply save the form and email it to the same address. If you or your customers have any questions about Mission Claims, please feel free to visit their web site.

That’s all there is to it! Like quoting new business – and everything else – we’ve worked to make reporting a claim as easy as possible. If you haven’t already, please quote a policy today and let us know what you think.

Categories: Systems, Texas Personal Property Insurance Tags: , , ,
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