Turners Tips

Thats a very novel idea, that an insurance underwriter would insure a gamblers body part - maybe the forefinger of a poker player, so they can no longer hit for a card? What an easy job though!
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Thank you for letting us know what you think. Interesting and educational is our goal.

Good advice thanks great forum !

Good question! Department of Transport tickets can apply strictly to the vehicle and not the driver. This record of infractions is called a "carrier profile". Not all insurers will request a carrier profile when they do commercial insurance. It certainly can affect the rate that company will pay for insurance.

If you receive a ticket from a sheriff or other peace officer then it can affect the driving record. It all depends on the type of ticket they give you. Insurance usually only rates on "moving violations" such as speeding, fail to stop, improper turn, etc.

Most companies have a safety program. Part of the safety program would be that the vehicles be properly equipped for towing trailers. Part of most safety programs is for drivers to do a walk around the vehicle for a visual inspection prior to taking the vehicle on the road. You should bring this to the attention of the safety officer or fleet manager. A trailer not properly attached to the towing vehicle could be very dangerous.

If Im driving a company vehicle, pulling a trailer and the vehicle isn't properly equipped to safely tow the trailer, and I'm pulled over and given a ticket from DOT, will this affect my insurance or the companies?

Thank you very much. I really appreciate your advice and time. Take care.

Ellen that is too bad! If the cause of the water coming in is flood or seepage then no, it is unlikely you will be claiming this under your home insurance. Water has to come from something causing a hole or a break in the house. So if there was hail or strong winds that broke a window, shingles or siding got ripped off during a storm, a tree branch hit the house and made a hole, or even a window imploded due to high winds then that resulting water damage is covered.

The other common cause during storms is when the sewer backs up - oh that is totally disgusting! The smell, the clean up, the damage are all just a horrible experience. This is also covered by insurance but you must have purchased the extra coverage.

If you are not sure how the water got in then you can call your broker and file a claim. An appraiser will come and look. They have a lot of experience with claims and will be able to tell if it was a sudden ingress of water or a slow seeping. The appraiser might have some good advice about what to do next, even if there is not insurance coverage.

You need to do what you can to reduce (mitigate) the loss by using fans and/or heat to help dry things up. Do not remove any damaged items. The appraiser will let you know rather quickly if the claim will be accepted or denied. If it is accepted then you will need to list the items that are damaged. This could be anything from the carpet on the floor to the furnishings that were affected by the water.

Good luck.

I just bought a new house and my basement has gotten pretty major water damage in the walls from a huge storm we had today, i believe it leaked in the foundation, is this covered in my regular insurance?

Polarman, you ask good questions! Title insurance is when you buy insurance for changes that might come in the future which could affect your property. This could be a by-law change or an easement. The other huge thing that title insurance does is provides you with the funds for legal counsel if someone steals your title out from under you. This has been more common in Eastern Canada but crime has a way of spreading and we are seeing more of it now in other parts of Canada.

A real property report is the definition of what your property is and where it is located. This is an engineering-type report that defines the parameters of your property including the house, decks, garage, etc. It says what you have at that time. A real property report is a document and does not insure anything. It is a declaration of what you have at the time of purchase of the home as far as the physical, tangible property you own.

So in a nutshell, Title Insurance is just that, an insurance. It is bought once and lasts a lifetime. You do not need to buy it at any particular time but it can only be purchased once you own your home. It is transferable to your heirs but is not transferable when you sell the home.

I hope that helps.

What is the difference between a RPR (real property report) and Title insurance?

Hi David. By TAM I think you mean The Agency Manager system. I use it on a daily basis. I can check at the office and see if someone can help you out. This will be on Monday. I will let you know.

sorry, my phone number is deleted here for security sake - Turners Tips

Hi, My name is David and wondering if any one can help me with TAM training . I can pay 20 dollars one hour.

Gambling is not a risk that can be insured. I am sure that Lloyd's of London might insure a body part of a gambler as they have insured various parts of movie stars' anatomy. Unfortunately there is little insurance can do in regards to gambling. You do this at your own risk and cover your own losses. Your information is interesting but not really relevant to this website.

Online Casinos started cropping up during the mid 1990’s, although there’s much debate as to who exactly opened the first one. Many believe it to be ‘InterCasino’, an online gambling site which opened in 1996. However, there are some that believe that it was actually casinos en ligne . which opened in October 1995. It is not unlikely that this is the truth, considering how Microgaming, the owner of the said site, is also the first online gambling software provider to be established. Either way, these new online casinos only received their go signal when Antigua and Barbuda passed an act called the “Free Trade and Processing Act”. This allowed online casinos to open at the said country without fear of litigation. Of course, though the online casinos were based in the Caribbean, the bulk of their users resided elsewhere in the world. And, due to the very nature of the internet itself, this made all the users prone to exploitation.

Great auto insurance question, Polar Man! RVs are not all alike in the eyes of the insurance companies. So it is a good idea to talk to your broker or agent about what is available to you.

RVs can be insured under your auto insurance or as a separate policy called a stand-alone. If they are under your auto insurance you may be required to keep Public Liability and Property Damage (PLPD) all year. Other companies will allow you to drop this coverage and put on just a form of parking insurance, Comprehensive or Specified Perils while the unit is laid up. Not all insurance companies are alike so you need to check this out.

A stand alone policy is usually set up as a package. You cannot use the seasonal lay-up but the extras in the package may be worth it to you. If your package includes personal property then when you do have a break-in or other damage or loss property claim you will not have to separately address your home insurance. Your home insurance will have its own deductible. Another extra can be emergency living expense so if you do have a tree fall on your unit you can go stay in a hotel/motel. This is a nice extra as you would probably want to continue your vacation. A package can also include full glass coverage, emergency towing, fire department charges, and more.

You did mention that your travel is long-term. If you are going to travel out of your country then you need to advise your insurer. Often there is a limit as to how long you would be away without some sort of surcharge.

Do note that when you are away it is a good idea to have someone checking your home. This is especially important during the heating season as some insurers require the property be checked every 48 hours! Again, talk to your insurance agent or broker about your particular insurer and their wordings for keeping your home coverage in place while you are away.

Be sure you have some excess medical insurance in place if you are leaving your province or state. Some of the credit card companies include this as part of their service.

Happy RVing and enjoy your summer!

If I buy one pf the bus size RV's to do some long term travel this summer, Do I need to buy special coverage for it?

Deb

Thanks for the response. I apologize for the delay in responding to you. The day job has been extending its hours and days lately. Yes, diplomacy is very important when doing this type of correspondence.

Kudos to you for completing the CIP/AIIC designation - that is a lot of work! You are right, the CAIB was dry as toast when I completed it in 2000.

There has been a big improvement made in the insurance exams and courses. The CPIB program is focused on the student "getting the concept" more then flat memorization of a term. These exams are not multiple choice. While they are not academic-style papers they are a step above the CAIB for challenging the student.

I found the CPIB courses quite interesting and practical. We are currently working with the IBAA to get our own forum set up for CPIB students on TurnersTips. This will make it more stimulating and hopefully create a good exchange of viewpoints and ideas.

I volunteer for the IBAA and mentor students for the CPIB program. This is a great way to connect with others who are into self improvement and to network in our business. TurnersTips is another way to give something back.

What are you doing now for continuing education?

Interesting notion…how diplomatic you are, Heather!

Buying scholarly papers and passing them off as your own work is academic misconduct in the purest sense and I am sure that neither you or your company would condone such a practice.

I must say, though that it is a bit of a shame that our insurance exams and courses for CAIB, CIP and licensing are such dry multiple-choice type things. I think it might be both challenging and fun to be asked to produce an academic-style paper along with all that memorization of facts.

As a CIP/AIIC designated since 1995, I did it the "dry" way, but I've often wondered how we might make what we study just a bit more interesting.

A college essay could be about the possibility of SUV rollovers. We will allow links here as long as this is not abused. The website is to be focused on insurance information.