I was recently working with a commercial Prospect and because there were so many locations the prospect felt it was easiest to send me a copy of his current policy. I reviewed the policy to see what locations we were insuring and started doing the research on the locations to be insured, that is when I discovered a host of problems with the way that the prior agent had written the policy. It was obvious that this agent had not spent the time to verify that he was insuring things properly. I found that the prior agent had location address is wrong, buildings with the wrong construction class, missing buildings, missing locations and a host of other problems. Normally I don't see this many problems with one policy, however I often do see problems with the way policies are written. After years of being in the insurance business one thing that I have seen are insurance companies that will still pay small claims on policies that have not been written correctly but when that big loss comes along they w ...
