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liability: Georgia Contractors: Licensed and Insured? - 05/08/08 09:56 PM
The laws in Georgia are changing.  More and More contractors are now getting licensed in Georgia.  The licensing process is requiring the contractor to prove insurance at the time of licensing.  Our experience as agents is the policy is terminated shortly after licensing. 
Making the assumption that "Licensed" means "insured" is a faulty assumption.
If you choose to find a "Licensed" contractor, do take the normal steps to have the contractor prove they are insured.  How do you prove coverage?
Do not have the contractor show you a document of coverage (acord 25)Do have the Insurance agent or the Insurance company fax … (2 comments)

liability: Subrogation: How could that term affect you? - 06/16/07 08:53 PM
DEFINITION OF SUBROGATION    An insurance carrier may reserve the "right of subrogation" in the event of a loss. This means that the company may choose to take action to recover the amount of a claim paid to a covered insured if the loss was caused by a third party. After expenses, the amount recovered must be divided proportionately with the insured to cover any deductible for which the insured was reponsible.  (From lcgroup.com)
Now this may mean little to you... but this group, www.subrogation.org, specializes in looking for and finding opportunities to make "subrogation" work.
So as you consider working with or without … (1 comments)

liability: Negligent tenants play a big role in losses to others - 06/09/07 11:38 PM
It happened to me again... The first time it was very personal... The second time, well it was more business.
In 2004, my tenant burned my home... Yes, they left a candle burning on the 12 year old's dresser and then she went out to play.  45,000.00 dollars later, I was stuck with a major claim personally.
Last week, a home I insure for an investor, it too burned.  It was a major loss.   What was remaining of the home was placed in a "dumpster" and hauled away.  Cause: A tenant put a charcoal grill near the house after a evening dinner.  17 … (3 comments)

liability: Liability Coverage: Realtors educational perspective - 05/08/07 09:22 PM
Liability coverage is becoming the number one item where homeowners are under-insured.  Townhomes, Condos, and Single Family homes all have different risks.  The thought is this: In the event of the insured's negligence, who else experiences losses?
A single family home in our area recently burned due to the kids playing with matches.   No problem, the homeowner policy replaced the home... The problem was the fire occurred on a windy day. Result: Three other homes burned too.  Liability coverage positions the owner with protection from lawsuits from the other homeowners and their insurance companies.
Townhomes and Condos are even more at risk for liability claims with other residents so close.  … (0 comments)

 

Matt Locke

Alpharetta, GA

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Allstate Insurance

Address: Johns Creek, GA, 30005

Office Phone: (678) 893-9050

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