You are here: Home / Insurance Resource Center / University of Bank Insurance / Problems Recently Found By My Bank Insurance Reviews

Problems Recently Found By My Bank Insurance Reviews

  • A bank with ten branches and no extra expense coverage on any of them.
  • Property insurance policies with coinsurance penalties that kick in after a loss.
  • Incorrect listing of insured entities on the liability, auto, and umbrella policies.
  • No debit card fraud coverage on the financial institutions bond.
  • No safe depository insurance on the bank’s six locations with safe deposit boxes.
  • Low directors’ and officers’ limits of liability combined with inadequate aggregate limits of coverage.
  • A bank with several missing locations from their package policy.
  • A bank insurance plan with inadequate e-banking protection but exceptionally low property deductibles.
  • Poorly written employment practices coverage that did not cover workplace harassment.
  • No coverage on repossessed vehicles on the auto insurance program.
  • No coverage on a bank parking garage where over fifty cars were parked all day.
  • Inadequate umbrella liability limits of coverage plus no coverage for foreclosed properties.