Consulting On, But Never Selling, Insurance
Coinsurance in property insurance is a penalty clause – a penalty assessed at the time of a loss. Coinsurance never helps the insurance buyer – it only hurts you. Get your agent to remove all coinsurance penalties from your property insurance.
As we approached renewal time for our insurance policies, our Board wanted to be sure we invested wisely in insurance and obtained adequate coverage. In the past, we’ve always relied on our existing agents for insurance recommendations. Having someone like Scott that knows the insurance needs of banks and doesn’t sell insurance directly was something we felt we needed. His unbiased approach and expertise was something we lacked in the past. We’ve been working with Scott for severa…EVP, CFOSevern Savings BankAnnapolis, MD
