Condominiums

Service Line Coverage for Homeowners

The hard sell on home warranties is on TV and in your mailbox. Some of the direct mail items look like bills or seem to be from a utility company. All share the scary stories about how owning a home is now a nightmare because of repairs. The answer is buying a home warranty product. This a truly a time to read before you buy. Do not rely on the advertising, look at the actual product to see what is being offered. Limits Can Be Low These products have specific limits for eac

cbeckman98

May 213 min read

Water Detection and Remote Shutoff Systems

For most insurance companies, the frequency of water damage claims is the leading claim type. The costs of these events can be staggering. The level of disruption caused by the damage is often an additional source of claim dollars and lost time and revenue. The Exposure The exposure to a water damage claim is present in any building. From bathroom fixtures, kitchen appliances, laundry equipment, heating and cooling systems and host bibs in your home, any failure of these can

msuplicki0

May 73 min read

The Impact of Smoke Damage on Your Claim

Smoke Damage after a Fire – A potential total Loss? The insurance business is based on the law of large numbers and the use of historic data to guide its decision making. The past history of fire losses have treated smoke damage as a secondary issue. It meant smoke damage after a fire was a cleanup issue and if needed seal with a coating to make it go away. The primary issues were appearance and odor. This approach was based on a hundred years of experience with fires that w

cbeckman98

Apr 224 min read

You are an eBike Owner – Do you need Insurance?

The eBike has changed the nature of the bicycle forever. It is now practical to commute for longer distances, over more challenging terrain and at higher speeds. eBikes are generally described within three different classes. Class 1 Electric Bicycle — A bicycle equipped with fully operable pedals and an electric motor of less than 750 watts that provides assistance only when the rider is pedaling and ceases to provide assistance when the bicycle reaches the speed of 20 miles

cbeckman98

Apr 143 min read

Protect Your Special Day

Special Event Insurance There can be many events and celebrations in your life. Those that you host and organize may have some loss exposures that fall outside of your personal lines insurance program. You can reduce the stress around these events by placing a special events insurance policy to relieve the financial burden if things do not go as planned. Here are some of the things that a special event policy will address. Event Cancellation – From a winter storm that make

cbeckman98

Mar 192 min read

Who is my Insurance Company?

Indentifying and Knowing When we ask a client who their insurance company is they often answer with the name of their agent. We are flattered that you identify with Driehaus Insurance, but beyond our company is the insurer who provides the policy terms and conditions that will ultimately determine your claim settlement. You should know exactly who this is. Here are some of the terms that are important in identifying and knowing your insurance company. Admitted versus Non-Admi

cbeckman98

Feb 104 min read

Hiding in Plain Sight — Office Tools as a Cyber Threat

Most businesses have cyber security protection for their laptops and desktop computers. There are two points of entry into your network that may not get the attention they deserve. Copiers and Printers A common office machine that can print, scan copy and fax is extremely useful. This machine can be shared by multiple users, including remote users. It can stage multiple print jobs and have a print queue when it is busy. The connection to a network and internal data storage ma

msuplicki0

Dec 9, 20253 min read

Who is Verisk and Why Should I Care?

Your insurance company may request that Verisk, formerly ISO, come out to your property and conduct a survey to establish the base loss costs for your property. While many carriers say they do not use the Verisk loss costs, they do use the data collected during this process. Inaccurate data can lead to incorrect construction classifications and no sprinkler credits given. This information will persist until another insurance company orders and pays for a new survey. Your prop

msuplicki0

Nov 19, 20253 min read