National Police Week:

May 15th is Peace Officers Memorial Day. The week that May 15th falls on is known as National Police Week. This piece is written for the honorable men and woman who have died while trying to protect our country.

National Police week goes all the way back to October 1, 1962. On that day, John F. Kennedy signed a proclamation that assigned May 15th as Peace Officers Memorial Day, also stating the week of May 15 as National Police Week. On the days leading up to the fifteenth, there are services held across the country to honor those who have given their lives to protect the people of our country. In Washington D.C., The National Law Enforcement Officers Memorial wall displays the names of over 19,000 fallen police officers.

Police who act morally and respectfully deserve that same respect in return. The kind of officer that keeps the good of all people in his or her heart and acts accordingly deserves recognition. This day was created to honor the men and women who put their lives on the line to protect their country. Regardless of the weather or the time of day, police officers are working to keep us safe. They are devoted and selfless in their duties. Because of our police officers, we can feel safe and secure from violence.

This week is designated to honor the men and women who risk their lives for all of us, but every single day we should respect our peace officers.

Honor the men and women who see more tragedy than a lot of us do in our entire lives.

There are more police officers that are moral than there are immoral. While there are some cops who have made mistakes that cannot be justified, most act on behalf of the greater good.

We are all human beings, we all make mistakes, and those in the service must make decisions based on their level of safety and the safety of all the people around, as well. A tough and honorable career to maintain, let’s give some respect for our men and women of service.

 By: KayLynn

Why Is CE (Continuing Education) Important?

You just got your insurance license. After months of studying manuals to understand the content thoroughly, and a few failed attempts at the licensing tests, you’ve made it. Ahh, now it’s all over with.

. . .Nope. It’s only just begun! Insurance is an industry that will teach you something new with each day that passes. After every two years, the law requires that you renew your license as well. Your license can be acquired with what’s known as continuing education.

This education is crucial to your career because as the modern world advances, the insurance industry evolves. There are always new developments, new technologies, and new necessary skills that help you change with the rest of the world. Continuing education ensures you have updated knowledge to remain a master of your trade.

Your clients want you to be an expert on all things insurance. It’s important to care enough about your career and your clients to continually update your knowledge. When your customers can sense your empathy and expertise, they may even refer you to a friend, generating more business.

Challenge yourself to expand your knowledge by taking additional courses to inform you of things you don’t already know.

 By: KayLynn

Contributory/Comparative Negligence

If you get into an accident that “wasn’t” your fault, it’s likely you’ll assume you won’t have to suffer any consequences. Think again.

Any amount of fault that is on your hands can reduce the amount of compensation you’ll receive for the accident. This is a law that deals with Contributory and Comparative Negligence.

There are many states that follow this law when dealing with car accidents. If you’ve never heard of this, it’s important to know about it. Here’s a quick rundown on the two concepts.

Contributory Negligence: If you were at all contributory to the cause of the accident, you are considered slightly at fault. Therefore, you will not win in court against a driver who you assumed is absolutely at fault because of this law.

This can be unfair in some cases, which caused the development of Comparative Negligence.

Comparative Negligence: This considers the negligence of all parties involved in the accident. If you were yielding to make a left turn, and you incorrectly judged the speed of oncoming traffic, resulting in a collision, you are both at fault to a certain percentage. That exact percentage is determined with Comparative Negligence and reduces your compensation if you are slightly at fault and injured in an accident.

These laws strongly encourage you to practice safe driving on the roads. Fault and compensation may not be what you are expecting.

 By: KayLynn


Some people left their car in the long-term parking while away, and someone broke into the car. Using the information on the car’s registration in the glove compartment, they drove the car to the people’s home in Pebble Beach and robbed it. So I guess if we are going to leave the car in long-term parking, we should NOT leave the registration/insurance cards in it, nor your remote garage door opener. This gives us something to think about with all our new electronic technology.

Someone had their car broken into while they were at a football game. Their car was parked on the green which was adjacent to the football stadium and specially allotted to football fans. Things stolen from the car included a garage door remote control, some money and a GPS which had been prominently mounted on the dashboard. When the victims got home, they found that their house had been ransacked and just about everything worth anything had been stolen. The thieves had used the GPS to guide them to the house. They then used the garage remote control to open the garage door and gain entry to the house.. The thieves knew the owners were at the football game, they knew what time the game was scheduled to finish and so they knew how much time they had to clean out the house. It would appear that they had brought a truck to empty the house of its contents. Something to consider if you have a GPS – don’t put your home address in it… Put a nearby address (like a store or gas station) so you can still find your way home if you need to, but no one else would know where you live if your GPS were stolen ..

I never thought of this…… This lady has now changed her habit of how she lists her names on her cell phone after her handbag was stolen. Her handbag, which contained her cell phone, credit card, wallet, etc.., was stolen. Twenty minutes later when she called her hubby, from a pay phone telling him what had happened, hubby says, “I received your text asking about our Pin number and I’ve replied a little while ago.” When they rushed down to the bank, the bank staff told them all the money was already withdrawn. The thief had actually used the stolen cell phone to text “hubby” in the contact list and got hold of the pin number. Within 20 minutes he had withdrawn all the money from their bank account

Moral of the lesson:
a. Do not disclose the relationship between you and the people in your contact list. Avoid using names like Home, Honey, Hubby, Sweetheart, Dad, Mom, etc….
b. And very importantly, when sensitive info is being asked through texts, CONFIRM by calling back.
c. Also, when you’re being texted by friends or family to meet them somewhere, be sure to call back to confirm that the message came from them If you don’t reach them, be very careful about going places to meet “family and friends” who text you.

A lady went grocery-shopping at a local mall and left her purse sitting in the children’s seat of the cart while she reached something off a shelf… wait till you read the WHOLE story! Her wallet was stolen, and she reported it to the store personnel. After returning home, she received a phone call from the Mall Security to say that they had her wallet and that although there was no money in it, it did still hold her personal papers. She immediately went to pick up her wallet, only to be told by Mall Security that they had not called her. By the time she returned home again, her house had been broken into and burglarized. The thieves knew that by calling and saying they were Mall Security, they could lure her out of her house long enough for them to burglarize it.



Replacement Cost -

This loss valuation method pays for the cost to repair or replace damaged items with like kind and quality without deduction for depreciation.  You will normally see this valuation with newer, occupied buildings.

Actual Cash Value –

Actual cash value is the amount equal to the replacement cost, minus depreciation to the damaged or stolen property at the time of the loss. It is the actual value for which the property could be sold, which is always less than what it would cost to replace it. This valuation is seen in vacant buildings or older buildings with no updates.

Functional Replacement Cost –

The amount which it would cost to repair or replace the damaged building with less costly common construction materials and methods which are functionally equivalent to obsolete, antique or custom construction materials and methods used in the original construction of the building.  This valuation can be applied to older Victorian type buildings or older restored buildings.

Planning to buy an electric “toy” for your tween this Christmas?

Picture this…. Dec. 25th, 13 year old, Johnny is psyched about his new electric skateboard. (pic of kid with electric skateboard) Now he can cruise around town with his friends.

He cruises up to the park to practice on it. While he’s there, he runs into someone causing them to fall and break their arm. UH OH! …….

Does your client have liability coverage to pay for the medical bills? You would assume so since you know that the homeowners liability coverage does apply to family members and this was not an excluded, intentional act. A regular skateboard would be no problem but put a motor on it and now we may have a problem, as not all homeowners policies extend liability for this type of exposure.

There are a couple of different places to look for coverage in the home policy.

“Motorized vehicles not licensed for road use”, under the liability section is a good start but that coverage applies more to a vehicle used to maintain the property (like riding lawnmowers). Those vehicles are only covered for liability if they are “on the residence premises”.

But the skateboard is really more of a toy, right?; so let’s look for “toy vehicle coverage”. Many carriers will provide property coverage with no problem.

The standard ISO home policy does not extend liability for these types of “toy vehicles” off the residence premises. However, recognizing this gap in coverage, some carriers have amended the ISO policy to cover it. There is an ISO endorsement available but not all carriers use it because they don’t want the added exposure.

It is important to read the policy since some carriers are very specific about what types of toy vehicles they will cover. One carrier states “not 2 wheels, not licensed for road use, goes no more than 15 mph on a flat road”, which provides limited liability coverage to the client.


Remember, any producer can handle common exposures for most individuals or families. The quality that distinguishes a great producer from an ordinary one is the ability to identify a client’s UNcommon loss exposures, like this one, then design an insurance program that addresses those exposures.

Market value vs. Insurance value

What is Market Value?

Market value is the amount that a buyer would pay to purchase a structure (home/commercial building) and its land in its current condition. Unlike estimated replacement cost, its market value is influenced by factors beyond the material and labor costs of repairs or reconstruction, such as local crime statistics, and the availability of similar structures. Also, the land itself will be included in the home’s market value.

What is Insurance Value?

Insurance value is the cost necessary to repair or replace your entire structure (home/commercial building). When you insure, your insurer will reimburse you for the cost of rebuilding or repairing your structure (home/commercial building) based on the labor and materials needed to do so.  This is normally written on a Replacement Cost or Actual Cash Value Basis.

The most appropriate way to estimate the insurance value of your structure (home/commercial building) is to hire a building contractor or other building professional to produce a detailed estimate. Only the cost of the property’s structure and its associated systems, fixtures, and finishes will be included in the estimate; land value is included in a home’s market value but should not be included in the amount of insurance you buy.

The Global Insurance Industry is on the RISE!

It looks like  the global insurance industry is setup to beef itself up!

The industry is looking to grow anywhere from 3 to 4.5 in 2017 -2018!

It looks like the premiums in insurance are likely to follow the rise in the global economy , and this means we should be seeing a 2.9%  growth in 2017 and a 3.1% growth in 2018.
This growth estimate is connected with improved economics in U.S. markets and other emerging markets.

Emerging Asian markets are looking to be the best potential for growth estimated to be equal to Western markets in just a few years. Read the full article here!