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Waiver of Deductible for High Value Homes

By: Stacy Stafford | Posten on: Aug 20, 2015 9:55:44 AM

imagesF4DBUTM0_deductible_options_6

Waive your deductible with a High Value Home policy!

 

Deductible Waiver for Large Losses Endorsement is available with a standard deductible of $25,000. This endorsement allows the deductible to be waived for a covered loss exceeding $50,000. This endorsement is not generally available through direct writers on standard policies.

 

Opportunity:

  • Market space is approximately $40 Billion
  • Size of HVH market is approximately 2,500,000 homes
  • 70-80% of the HVH polices are written by direct writers
  • HVH policies offer additional coverage for EPLI, Waiver of Deductible & Wildfire Protection
  • Average premium: $25,000
  • Minimum HVH premium: $7500 - $10,000
  • Better products with preferred writers and similar price with direct writers

 

 

Desirability:

  • Home values of $500,000 and up
  • Minimum 3 lines of business required by AIG
  • CAT prone locations Chubb requires a minimum of $15,000 in non-CAT premium

 

Exposure Concerns:

1)  Brush

2)  Wave wash

3)  Flood elevation

4)  Wind and hail

5)  Earthquake

 

 Key Underwriting Questions:

1) Who is the applicant

2) General loss history

3) What risk measures are in place

4) Any animals with a bite history


Deductibles:

  • $1000
  • $2500
  • $5000
  • $10,000
  • $25,000
  • $50,000
  • $100,000

 

 

How to Quote:

 

If you have any questions or would like a quote, please contact Stacy@Stuckey.com or visit our website at Stuckey.com..

Become an Agent


 

Topics: Blog, HIgh Value Homes, high net worth insurance

High Net Worth Insurance - Consider the Worst Case

By: Elizabeth Sedlock | Posten on: Jan 13, 2012 3:20:00 PM

Are all home owner insurance policies the same?  Although most large insurance companies would like you to think so, all policies are NOT the same.  This is a particularly important issue for high net worth individuals with high value homes. 

Why?  Because the average home owner policy does not adequately protect against the worst case scenarios that surpass the standard liability limit, which is $500,000 in many cases.  When unfortunate accidents happen to someone with a high net worth, like pool accidents, personal injury or property damage, general policies might not cover all the costs associated.

Example of a High Value Home

That is where Group Excess Coverage can really help your high net worth clients.  This is a great opportunity for you to get a group of professionals (doctors, lawyers, etc.) together under one umbrella policy, eliminate gaps in coverage, and save them money.  The liability limits on these umbrella policies can be as high as $50 million. 

Like it or not, high net worth individuals are much more likely to be the victims of lawsuits, frivolous or not.  These group excess coverage plans, like Chartis’ or Chubb’s Group Personal Excess Liability Insurance policies, save your clients money and protect them against the worst case scenarios. 

Learn more about these types of policies at Stuckey & Company’s personal insurance site.

Topics: Stuckey & Company, stuckey and company, HIgh Value Homes, personal lines insurance, Stuckey, Stuckey & Co., stuckey and company, Stuckey and Co., high net worth, high net worth insurance, high value home insurance, high value homes insurance, estate planning, non standard home insurance

December Agent Alert - Stuckey & Company

By: Elizabeth Sedlock | Posten on: Dec 1, 2011 9:50:00 AM
Stuckey Agent Alert
Safety TekAspire A&EHarbor GuardMPLElementServicerProPersonalCommercial
 

Holiday Greetings

As the Holiday Season is upon us, we find ourselves reflecting on the past year and on those who have contributed to the success of Stuckey & Co. in a most significant way. From the bottom of our hearts, we say "thank you" to all of you who have made it possible for us to continue to serve our clients in such a wonderful way.

Each of you has played a valuable role in the success of our agency. We look forward to creating even more success together over the next year.

From our family to yours, we wish you a holiday filled with peace, love, and joy and a New Year with many blessings and lasting happiness.

Best to you all!

Dwight and Kerry Stuckey


What's New at Stuckey in 2012?

Incentives Program

At Stuckey & Company, we know that our success depends on working with the best producers.  To encourage you to grow your relationship with Stuckey & Company, we are launching a year-long, multi-product incentive program that will reward and recognize those of you who grow your business with Stuckey & Company. 

The program is simple: every two months, we will be focusing of one of our award-winning product lines.  For every new bind order you make of the featured product, you will be entered to win either the new iPhone 4S or a Kindle Fire.  A winner will be chosen for each product line so you have 6 chances to win.  It is up to you to claim your prize!

January-February: HarborGuard

March-April: SafetyTek Technology E&O

May-June: MPL

July-August: Aspire A&E

September-October: Commercial

November-December: Personal

Look for an email later this month announcing the start of the HarborGuard incentive program and outlining the terms and conditions.

Webinars

Coming in January:

January 19: New Agent Webinar

Welcome to Stuckey & Company!  Every six months, we host a New Agent Webinar to help our new agents and brokers learn about our easy quoting and application systems as well as information on coverage options.

January 26: SafetyTek Technology E&O Webinar

Did you know that Technology Errors and Omissions insurance coverage is NOT provided by a Commercial General Liability policy?  Learn all you need to know to grow your existing technology E&O business or jumpstart a new program.  This webinar will focus on the types of coverage offered by SafetyTek Technology E&O and the reasons your clients might need this type of specialized liability coverage.

To RSVP for any of the Stuckey & Company webinars, please send an email to Elizabeth Sedlock at esedlock@stuckey.com with the webinar name in the subject line.  You can also visit our website to sign up. 


Marina Insurance - HarborGuard

Don’t forget: the HarborGuard incentive program starts in January!

So, the economy has not improved much.  One thing that never changes is the need for marina insurance, especially in underserved areas.  Because Stuckey & Company can write policies for marine businesses that have insufficient liability insurance, or that have thought about reducing coverage to cut costs, Stuckey & Company has seen very strong activity from insurance agents with clients in need of these tailored coverages. The HarborGuard program gives these marine businesses outstanding coverage at an affordable price. 

In addition, HarborGuard includes new features that protect eligible classes, and gives agents more flexibility when writing policies. 

Popular new features include:
• Now can include water sports liability up to policy limits 


• Now includes Sudden and Accidental Pollution coverage 


• Deductibles as low as $25,000 for docks, including wind/collapse 


• Campgrounds, resorts, and homeowners associations now included


• Now able to write excess/umbrella and auto 


• The program can also include replacement cost on docks, liquor liability, non-owned auto and boat rental.

January and February is the time when marine businesses look toward the upcoming season and revisit insurance coverage.  So don’t be caught out in the water trying to keep yourself afloat…let us assist you in reviewing your current marina coverage to see if we can improve both cost and coverage.

For more information, please contact Jerry Lovin at jerry@stuckey.com.

START QUOTING NOW!  Get in the running for an iPhone 4S or Kindle Fire.  For applications and forms, click here.


Bind More Technology E&O Insurance

Great news: The SafetyTek forms are now approved in California!

We know the tech industry.  As the pioneers in technology E&O coverage, we understand that information technology professional service providers operate in a perilous business climate.  You can help them protect their businesses by offering professional liability insurance tailored to THEIR needs.

Educate your clients on the whys and hows of technology E&O coverage…Many professionals will not know that Technology Errors and Omissions insurance coverage is not provided by a Commercial General Liability policy. Commercial General Liability does NOT provide coverage for programming errors, contract performance disputes or any other Professional Liability issues. IT consultants and companies who have General Liability without Professional Liability (Errors or Omissions) coverage are taking a serious risk. It’s like a doctor practicing medicine without Malpractice insurance.

Technology coverages encompass a range of exposures. Some are specifically tailored, and others are broader.

When it comes to a knowledgeable team of Technology E&O insurance professionals, Stuckey & Co. has you covered.

For more information regarding Technology E&O insurance, please contact Maggie Hammett at maggie@stuckey.com. 


START QUOTING NOW!  For applications and forms, click here.

 

 
Inside This Issue
 

What's New at Stuckey in 2012?div
Marina Insurance - HarborGuarddiv
Bind More Technology E&O
div

 
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RHYME & REASON

Happy Holidays!

We at Stuckey sat down this year
to design our holiday card,
but getting our family in here
turned out to be rather hard.

Mom, Pop and their kids showed up
to meet the photographer.
Then Pop suggested the office staff
should be in the picture for sure.

So Underwriting elbowed in.
Customer Service did too.
And little by little the Stuckey family
grew and grew and grew.

The photographer got a wide lens.
He told everyone to squeeze.
Mom interrupted and stopped it then
before we could say “Cheese!”

“Look at our family!” she said.
“I’m thankful to have you near.
How can we say it’s a family photo
without our customers here?”

So that’s why we don’t have a photo
and why this poem is for you.
May you be as blessed this holiday
as we are blessed all year through.

 


Kudos
  The Three Avocados coffee we sent you last year paid for a well in Africa. To learn more about this wonderful organization, click here.

 

 

Three Avocados Resize resized 600


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Topics: affinity insurance program, competitive insurance, speciality insurance, tornadoes, tornado, insurance claim, weather, storms, Stuckey & Company, Blog, marina insurance, harborguard, kerry stuckey, stuckey and company, mga, specialty insurance, green insurance, element, safetytek, it insurance, HIgh Value Homes, hurricane season and insurance, personal lines insurance, EPL, Miscellaneous Professional Liability, Employment Practices, Management Liability, office insurance, corporate insurance, employers liability insurance, TECHNOLOGY, TECHNOLOGY, HubSpot Tips, harborguard, technology E&O, Stuckey, Stuckey & Co., stuckey and company, Stuckey and Co., data loss insurance, data loss risk

Stuckey & Company Newlsetter - August

By: jennifer strathmann | Posten on: Aug 17, 2011 12:25:00 PM
Stuckey Agent Alert
Safety TekAspire A&EHarbor GuardMPLElementServicerProPersonalCommercial
 

Hurricane Season is upon us!

Hurricane season has started and forecasters are predicting an above-average number of storms. Now is the time for our clients to review policy coverage and understand how to protect their future during what can be a catastrophic event.

It is important as agents to try to educate our clients on steps they can take to save their property. Most measures need to be taken before a storm occurs – generally allowing 12 – 24 hours of preparation time. If you have clients that currently have marina, boat or personal property coverage or are in need of coverage the following link may be useful to pass along. 

Contact Shelli Windle at shelli@stuckey.com for any questions about our Personal Lines insurance program.


Personal Lines Giveaway - Now more than ever...EVERY submission counts

For every bound submission beginning Aug 15th at 6pm through Sept 30th, you will receive one entry into our Sweepstakes drawing for a 40" LCD Television.

There is no limit to how many entries you can incur during the Sweepstakes period.

Drawing will be held at 12pm on October 1st and winner will be announced via phone, email and our online newsletter within 24 hours.

Contact Shelli Windle at shelli@stuckey.com if you would like any more information regarding our Personal Lines Giveaway Promotion.

 


Marina Insurance - HarborGuard

With hurricane season among us, what better time to ensure you are covered? Stuckey & Company has over 20 years' of experience managing the HarborGuard marina insurance program, a specialty insurance program for a wide variety of marine businesses, including marinas and boat yards, boat dealers, and boat repair and supply shops. While many businesses in this industry are feeling the impact of the economy, Stuckey & Company has seen very strong activity from insurance agents with clients in need of these tailored coverages. The HarborGuard program includes new features that protect eligible classes, and gives agents more flexibility when writing policies. 

Popular new features include:


• Waived requirement for primary pollution coverage

• Now can include water sports liability up to policy limits 

• Now includes Sudden and Accidental Pollution coverage 

• Deductibles as low as $10,000 for docks, including wind/collapse

• Campgrounds, resorts, and homeowners associations now included

• Now able to write excess/umbrella and auto 

• The program can also include replacement cost on docks, liquor liability, non-owned auto and boat rental.

“We have worked closely with the carrier to ensure the HarborGuard program is a competitive program in today’s insurance environment,” Stuckey says. “We’ve written or been very cost-competitive on every policy we’ve quoted, and agents have confirmed that the changes we’ve made are helping them meet their clients’ needs.” The carrier is rated by A+ (Superior) IX by A.M. Best, and is written non-admitted. The marine industry has very few national carriers with rates that are competitive for local markets. “Based on our 20 years of experience in marine insurance, we are confident that HarborGuard addresses the insurance needs of marinas and marine professionals who have had difficulty finding appropriate, affordable coverage in recent years,” Stuckey says. “For marine businesses that have insufficient liability insurance, or that have thought about reducing coverage to cut costs, our program gives them outstanding coverage at a price they can afford.” So don’t be caught out in the water trying to keep yourself afloat…let us assist you in reviewing your current marina coverage to see if we can improve both cost and coverage.

For more information, please contact Kerry Stuckey at 1-800-828-3452 ext 14


 
Inside This Issue
 

Spotlight on: Hurricane Season - Are your clients covered?
div
Personal Lines - T.V. Giveaway
div
Marina Coverage

 
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RHYME & REASON

Stuckey at 20!

We don't need a birthday cake
with candles set aflame;
nor do we need a plaque engraved
with the Stuckey family name.

We don't need a fancy hat,
or a note from Uncle Sam;
we certainly don't need another tie
or a singing telegram.  

Nor do we need a "hip-hip-hooray!"
or other birthday cheers
to celebrate the fact that we've been serving you 20 years.

But if you insist on a birthday gift
here's what you can do:
give us the gift that keeps on giving --
twenty more years of serving you.

 

 


Kudos
  “You are the best! I really don't know what I would do without Stuckey & Company. You guys are amazing to work with."  


NeedHelp
ContactTwitterLinkedInLinkedIn
 

800.828.3452

info@stuckey.com
 
 
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Topics: competitive insurance, weather, storms, stuckey and company, specialty insurance, HIgh Value Homes, hurricane season and insurance, personal lines insurance

Stuckey & Company Newlsetter

By: jennifer strathmann | Posten on: Jul 27, 2011 7:34:00 PM
Stuckey Agent Alert
Safety TekAspire A&EHarbor GuardMPLElementServicerProPersonalCommercial
 

Stuckey & Company Celebrates 20 Years in Business

Good food and fun times were had by all at Kitaro Bistro of Japan thanks to Tracey Hagy-Kelly & Chris Dougherty from The Hartford. They were gracious enough to sponsor and attend our 20th Anniversary Celebration. Employees surrounding three closely arranged teppan tables enjoyed an entertaining Hibachi lunch prepared and served right in front of us by our very own Kitaro Chefs.

Founded in July of 1991, Stuckey & Company was known exclusively as the Managing General Agent of the HarborGuard marina insurance program. Now, 20 years later, Stuckey & Company is recognized as one of the most innovative niche insurance providers with a portfolio of eight specialty insurance programs tailored to the needs of specialized industries. It works with a network of 8,500 independent insurance agents to provide their clients with reliable, affordable, tailored insurance.

 “We are particularly proud of our HarborGuard marina program, because this was the program that launched our company,” says Kerry Stuckey, chief operating officer of Stuckey & Company and the program manager for the HarborGuard program. HarborGuard was relaunched in 2009 with a rate structure that is very competitive in local markets. “Today, we still offer the most comprehensive program for this specialized market, with tailored liability insurance for a wide variety of businesses, including marinas and boat yards, boat dealers, and marine artisans such as boat repair and supply shops,” Stuckey says.

In 1997, Stuckey & Company launched the SafetyTek insurance program designed for IT contractors. Since then, the company’s Tek Division has expanded to cover the risks of diverse technology professionals. “I graduated from college wanting to be the world’s best computer programmer,” says Dwight Stuckey, chief executive officer, “but then I realized I could combine my knowledge of the insurance industry with my interest in the emerging IT field, where the insurance risks were still undefined.”

And Stuckey & Company doesn’t just insure technology – it also utilized innovative technologies to help licensed agents and insureds get faster service and more accurate quotes. Dwight Stuckey says they redesigned their web site earlier this year to make it easier for people to find the information they need, and enter their information a single time and get multiple quotes from different carriers. “We have numerous online tools available to agents and their clients that streamline the application process and allow them to see more options for coverage,” Stuckey says. “We have redesigned our online application to only include the questions necessary to underwrite, rate and issue the policy and have eliminated any un-needed questions. Our TekDivision Professional Liability application focuses on minimizing workflow bottlenecks and allowing you to gain instant access to our rating engine.”

“We also work with the insurance carriers to make the tools they have developed available to our agents and their clients,” Dwight Stuckey says. Stuckey & Company offers online rating tools for commercial lines, personal lines and professional liability coverage. He attributes his firm’s strong relationships with leading insurance carriers as a major reason Stuckey & Company is still going strong after 20 years.

“We don’t chase trends in insurance,” he says, “but we do pay close attention to emerging industries that have unique insurance requirements, and work closely with top-rated carriers to develop specialty programs that address those underserved markets.” Stuckey says sometimes it takes more than a year to develop the underwriting guidelines and launch a new specialty insurance program for a niche industry. “We spend a lot of time researching emerging industries and understanding the gaps in coverage that a standard policy would carry, and then we find carriers willing to create the programs to address those gaps.”

In addition to the SafetyTek and HarborGuard insurance programs, Stuckey & Company’s branded programs include Aspire A&E Insurance for architects and engineers; the Element Green Insurance Program for sustainable “green energy” businesses; NetProtect Essential coverage for companies that transmit data over the Internet; and ServicerPRO, a comprehensive business insurance package for appliance repair professionals. In addition, it offers Miscellaneous Professional Liability coverage, Commercial Lines insurance, and Personal Lines insurance.

Moving forward, Stuckey & Company hopes to spend the next 20 years continuing to grow with its licensed agent network of 8,500 dedicated insurance professionals and the select group of highly-respected carriers it works with. It wants to remain the predominant resource for “insuring the connection” between independent agents and companies in specialized industries served by its insurance programs.

For more information, contact Dwight Stuckey 


High Value Homes

Property casualty insurance – protection for your homes, cars, fine arts, jewelry, liability and yachts – is a critical part of personal wealth management, yet many successful people still view it as a foot note in their overall plan.  Those who have a lot to protect are wise to choose a provider that can address all of their coverage needs.   Working with one insurer not only reduces administrative hassles, but also helps eliminate gaps or overlaps in protection.  By partnering with Stuckey & Company for your high net worth customers you will have access to the most prominent high value home carriers in the industry.

Personal risk management for the wealthy is a process that involves identifying the potential loss exposures, determining the client’s tolerance for risk and devising customized solutions.  A detailed valuation helps ensure adequate levels of homeowners coverage are in place by identifying exposures that could cause costly damage if left unchecked. 

Here’s an example…..

Bob F. has a lifestyle similar to many successful Americans.  He travels often with his family, enjoys golfing at his country club and sits on the board of a not-for-profit organization.  In addition to his executive income, Bob has approximately $4 million in assets – including a large home, three cars, jewelry, other collectibles and a well-managed portfolio handled by his financial advisor.

Years ago, Bob purchased property casualty insurance directly through a mainstream provider, which he renews annually.  However, his insurance agent never recommended a review to see if his policies were keeping pace with his asset acquisitions.

Fortunately, a business opportunity connected Bob to a senior manager at Chartis, who recommended a “lifestyle review”.  This eye-opening exercise revealed the depth of his vulnerability:

  • His homeowners insurance policy would not provide full replacement value for his home.
  • He had immense gaps in his liability coverage, especially pertaining to his board participation.
  • His liability coverage limits would be significantly less than his net worth if he were sued.
  • He employed a housekeeper, but did not have Employment Practices Liability Insurance coverage.

Bob was stunned.  Neither he nor his financial advisor had stopped to consider the role a sound insurance program could play in safeguarding his wealth.

Stuckey and Company, in conjunction with Chartis Private Client Group, can provide your high net worth customers and their financial advisors with objective advice and access to more sophisticated coverage solutions to match their lifestyles. 

When written with a home and auto, the following are some of the coverages available to your high net worth customers. 

  • Personal excess liability limits up to $100 million.
  • Group personal excess liability insurance programs.
  • Broad coverage for Limited Liability Corporations managing personal exposures.
  • Kidnap, ransom and extortion insurance coupled with resources to reduce the likelihood that an individual will be targeted in the first place.
  • Insurance for family office professionals:  Errors & Omissions, Directors & Officers and Employment Practices Liability Coverage.

One-size-fits-all insurance policies aren’t meant for those with complex assets to protect.  These policies are specially created to address the unique exposures that come with substantial wealth. For more information regarding our high value home carriers please contact our Stuckey Personal Lines Department. 



Marina Insurance - HarborGuard

With boating season fast approaching, what better time to ensure you are covered? Stuckey & Company has over 20 years' of experience managing the HarborGuard marina insurance program, a specialty insurance program for a wide variety of marine businesses, including marinas and boat yards, boat dealers, and boat repair and supply shops. While many businesses in this industry are feeling the impact of the economy, Stuckey & Company has seen very strong activity from insurance agents with clients in need of these tailored coverages. The HarborGuard program includes new features that protect eligible classes, and gives agents more flexibility when writing policies. P

Popular new features include: 
• Waived requirement for primary pollution coverage 
• Now can include water sports liability up to policy limits 
• Now includes Sudden and Accidental Pollution coverage 
• Deductibles as low as $10,000 for docks, including wind/collapse 
• Campgrounds, resorts, and homeowners associations now included
• Now able to write excess/umbrella and auto 
• The program can also include replacement cost on docks, liquor liability, non-owned auto and boat rental.

“We have worked closely with the carrier to ensure the HarborGuard program is a competitive program in today’s insurance environment,” Stuckey says. “We’ve written or been very cost-competitive on every policy we’ve quoted, and agents have confirmed that the changes we’ve made are helping them meet their clients’ needs.” The carrier is rated by A+ (Superior) IX by A.M. Best, and is written non-admitted. The marine industry has very few national carriers with rates that are competitive for local markets. “Based on our 20 years of experience in marine insurance, we are confident that HarborGuard addresses the insurance needs of marinas and marine professionals who have had difficulty finding appropriate, affordable coverage in recent years,” Stuckey says. “For marine businesses that have insufficient liability insurance, or that have thought about reducing coverage to cut costs, our program gives them outstanding coverage at a price they can afford.” So don’t be caught out in the water trying to keep yourself afloat…let us assist you in reviewing your current marina coverage to see if we can improve both cost and coverage.

For more information, please contact Kerry Stuckey at 1-800-828-3452 ext 14


 
Inside This Issue
 

Spotlight on: Stuckey Celebrates 20 Years in Business
div
High Value Homes
div
Marina HarborGuard Program

 
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NeedHelp
 

 

Someone had a pack of matches
and soon the flames were lit.
The bells and sirens sounded loud.
The smoke alarms were hit.

Stuckey rushed to action, then,
as faxes, phone calls, emails,
paperwork and memos billowed out
like wind in a clipper's sails.

 

Claims were set to speed on through
so people could repair.
Surviving a fire is fearsome work,
and you can't rebuild from air. 

 

But then a voice was raised at last
that didn't sound so dire:
Take it easy, Stuckey, man:
it's just a cake on fire.


 


Kudos
  “You are the best! I really don't know what I would do without Stuckey & Company. You guys are amazing to work with."  


NeedHelp
ContactTwitterLinkedInLinkedIn
 

800.828.3452

info@stuckey.com
 
 
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Topics: speciality insurance, Stuckey & Company, Blog, marina insurance, harborguard, stuckey and company, HIgh Value Homes

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