tag:blogger.com,1999:blog-6392307124116993389.post1754782384956672268..comments2023-10-07T23:32:30.183-04:00Comments on <center>OUR VILLAGE in West Palm Beach </center>: Open Letter Response by Ty Bebaelainebhttp://www.blogger.com/profile/15724005399643017306noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6392307124116993389.post-61377089859533175002011-12-23T08:29:58.822-05:002011-12-23T08:29:58.822-05:00Thank you for your comments, Mr. Beba. I think you...Thank you for your comments, Mr. Beba. I think you will find that most reasonably intelligent people prefer a direct answer to a question – unless you are aware of another reason for asking one. <br />You may recall that residents picked up their policies from the UCO office in March/April 2011 and I note, by this time, the clerical work you refer to had been completed. All endorsements, apart, it would seem, from the illusive CG – 7347! were listed and included. You now inform me that the missing CG- 7347 endorsement wasn’t printed until May 2011. Am I, finally, to assume, this is the reason it wasn’t included in mine and other Association’s policies? This doesn’t, however, explain why it wasn’t listed amongst the numerous Harleyville endorsements. UCO may very well have a copy in their Master Policy but as I pointed out to you before, we are the clients not UCO. I trust when CG-7347 was printed late last spring that it was mailed to your clients and I and many other Associations who never received it are merely victims of the postal service. <br />I look forward to receiving a copy of the missing CG-7347. <br /><br />Happy Holidays.Sue Cohenhttps://www.blogger.com/profile/12596165398984317809noreply@blogger.comtag:blogger.com,1999:blog-6392307124116993389.post-33201016783408733432011-12-22T18:15:03.255-05:002011-12-22T18:15:03.255-05:00Ms. Cohen, just in case your question requires a m...Ms. Cohen, just in case your question requires a more direct answer, the Endorsement issued from Harleysville contain an "Effective Date" and a "Printed Date". If you review the actual document, you will note that the endorsement what "Printed" by the insurance company in the spring of 2011. As you will note an ANY Insurance Policy, Insurance Companies print policies after the effective date of the policies due to the actual clerical work of typing and printing the form. The coverage has been effective since 1/1/2011 and the form has been mailed out in 5/4/2011. Maybe that helps further clarify how you've in fact had specific limits by Association all along and the coverage form itself has been available for months.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6392307124116993389.post-75244400135683139272011-12-22T17:14:21.994-05:002011-12-22T17:14:21.994-05:00Ms. Cohen, you are our customer and we're here...Ms. Cohen, you are our customer and we're here to be of service. We have been speaking with our clients on an individual basis to address their specific needs in regards to insurance coverage limits as well as deductibles. <br /><br />I'm sorry you could not locate the coverage form I mentioned. We've verified that it is in fact part of the master policy at UCO. If your policy book does not include a copy, we are all too happy to mail, e-mail, or fax you a copy. You can also pick a copy at the UCO offie if you like. We can work with whatever suits you best.<br /><br />The Endorsement was issued effective 1/1/2011 which is the same date of coverage inception under the General Liability policy. There was no point in time under our coverage program where the separate limit was not in force for our clients.<br /><br />Once again, the coverage form was effective 1/1/2011. Even if you don't find a copy of the coverage forms in your policy book, it had been issued and mailed out. The insurance company, your Agent, and the Insurance Committee all have a copy the endorsement. We can send you a copy for your records as well if you provide your contact infromation to us via phone. <br /><br />There have been no sharing of limits with this policy because the endorsement was in force. No company would have been forced to pay any claim out of the goodness of their heart. They would be paying claims due to the contract language as expressed in the endorsement.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6392307124116993389.post-72002386447243490772011-12-22T11:09:33.844-05:002011-12-22T11:09:33.844-05:00Mr. Beba,, a sincere thank you for your detailed a...Mr. Beba,, a sincere thank you for your detailed and timely response. However, I appear to be experiencing a growing sense of de ja vu . Most readers of this blog will, I’m sure, remember the patronizing attitude of the former Insurance chairman, and his ‘I know what’s best for you approach’. Obviously, from your comments there are alternative options and I believe many of us would have appreciated those being explained to us. I have no desire to diminish the excellent work conducted by UCO’s Insurance Committee, who do an exemplary job of negotiation, but lets not lose sight of who the clients are here. UCO negotiate they do not collect or pay the insurance bill - we your clients do. I would argue that it may have been a relevant discussion to some of us about buying a policy from a carrier that has been all over the news in recent years. It may also have been prudent to name proposed carriers at the recent Town Insurance meeting rather than resorting to vague references about the opposition. This is building insurance, not secrets of State.<br /> <br />In your handouts, in your verbal presentation, and now on the blog here going so far as to name the specific coverage form, you have stated that each Association has had a separate limit for General Liability. On the surface, the information you have provided seems fairly detailed and is very much appreciated. I may be missing something but the form you mention, “CG-7347 Blanket Location Separate General Aggregate Limit” is not to be found in my policy binder. It is not to be found in other policy binders given to many of your other clients either so perhaps blog followers may also care to look for it in their policies. Perhaps a page or two was missing as unfortunately seemed to be the case with prior years’ insurance binders. But looking at the “Form Schedule” which lists the Forms that we should expect to find in the policy. “CG-7347 Blanket Location Separate General Aggregate Limit” is not listed so the form is neither included nor listed. <br /> <br />To reiterate, was our 2011 General Liability coverage, at any time, shared? Did we go from having a $2 million aggregate limit per Association to having 240 Associations sharing a single $2 million aggregate limit? Have we gone through almost a full year in which, if we hadn’t carefully checked the policies we were given, we might have only learned this fact if a serious claim occurred. After all, you mentioned our Umbrella policy is “True Follow Form”. So, while the Umbrella policy clearly states that the underlying General Liability policy must contain a “Per Location Aggregate” endorsement, what would have happened during 2011 if a claim reached the Umbrella threshold? Are we supposed to believe the Umbrella carrier would waive a requirement and cover us out of the goodness of their hearts? This is an example of a serious concern. We all depend on our agent to keep us informed and ensure that our coverage is delivered as promised. <br />So can you kindly xplain this? <br /><br />Personally, for clarity, I prefer to rely on the written word so I decline your kind offer to visit you at UCO. I am of course, willing to post any relevant documents referred to above.Sue Cohenhttps://www.blogger.com/profile/12596165398984317809noreply@blogger.com