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Reply to I Need 2 Million $$ Cap Life Accident and Health E&O     
Old 02-08-2016, 10:59 AM   #1
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Join Date: Jun 2015
Posts:24
State: kalifa18 is an Insurance Agent from California
I Need 2 Million $$ Cap Life Accident and Health E&O I Need 2 Million $$ Cap Life Accident and Health E&O
Napa has an interesting product:
$1 Million per claim / $3 Million annual aggregate Great news! $1M/$1M limits have been increased to $1M/$3M for the same low price.
$2 Million per claim / $2 Million annual aggregate $469
Deductibles And Retentions
(according to their website)
E&O for less has:
$1M/Each Claim
$2M/Aggregate
$497

Are they both well accepted by the insurance companies?
Which one is better for a $2 million cap for Life Accident and help/
Thanks
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Old 02-08-2016, 11:34 AM   #2
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goillini52 on I Need 2 Million $$ Cap Life Accident and Health E&O
 
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I Need 2 Million $$ Cap Life Accident and Health E&O Re: I Need 2 Million $$ Cap Life Accident and Health E&O
Originally Posted by kalifa18 View Post
Napa has an interesting product:
$1 Million per claim / $3 Million annual aggregate Great news! $1M/$1M limits have been increased to $1M/$3M for the same low price.
$2 Million per claim / $2 Million annual aggregate $469
Deductibles And Retentions
(according to their website)
E&O for less has:
$1M/Each Claim
$2M/Aggregate
$497

Are they both well accepted by the insurance companies?
Which one is better for a $2 million cap for Life Accident and help/
Thanks

NAPA's fine. They have several company sponsored programs. It depends on whether or not you need $2Million per claim or per year as to which one's better for you.

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  Reply With Quote to I Need 2 Million $$ Cap Life Accident and Health E&O
Old 02-08-2016, 11:52 AM   #3
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State: kalifa18 is an Insurance Agent from California
I Need 2 Million $$ Cap Life Accident and Health E&O Re: I Need 2 Million $$ Cap Life Accident and Health E&O kalifa18 is the thread starter for: I Need 2 Million $$ Cap Life Accident and Health E&O

Originally Posted by goillini52 View Post
NAPA's fine. They have several company sponsored programs. It depends on whether or not you need $2Million per claim or per year as to which one's better for you.
Thanks bro. I assume 2 million dollars cap means 2 million per claim. Is that right?
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  Reply With Quote to I Need 2 Million $$ Cap Life Accident and Health E&O
Old 02-08-2016, 11:54 AM   #4
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goillini52 on I Need 2 Million $$ Cap Life Accident and Health E&O
 
Join Date: Aug 2013
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I Need 2 Million $$ Cap Life Accident and Health E&O Re: I Need 2 Million $$ Cap Life Accident and Health E&O
Originally Posted by kalifa18 View Post
Thanks bro. I assume 2 million dollars cap means 2 million per claim. Is that right?
Yes...the 2 Million aggregate is for the year.
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  Reply With Quote to I Need 2 Million $$ Cap Life Accident and Health E&O
Old 02-08-2016, 12:00 PM   #5
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State: kalifa18 is an Insurance Agent from California
I Need 2 Million $$ Cap Life Accident and Health E&O Re: I Need 2 Million $$ Cap Life Accident and Health E&O kalifa18 is the thread starter for: I Need 2 Million $$ Cap Life Accident and Health E&O

Ok,thanks,i got it 2 M cap means 2M maximun in 1 calendar year.
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Old 02-08-2016, 12:11 PM   #6
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goillini52 on I Need 2 Million $$ Cap Life Accident and Health E&O
 
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I Need 2 Million $$ Cap Life Accident and Health E&O Re: I Need 2 Million $$ Cap Life Accident and Health E&O
Originally Posted by kalifa18 View Post
Ok,thanks,i got it 2 M cap means 2M maximun in 1 calendar year.
You could have two $1Million claims that total $2Million per year.
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  Reply With Quote to I Need 2 Million $$ Cap Life Accident and Health E&O
Old 02-08-2016, 03:24 PM   #7
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Join Date: Jun 2015
Posts:24
State: kalifa18 is an Insurance Agent from California
I Need 2 Million $$ Cap Life Accident and Health E&O Re: I Need 2 Million $$ Cap Life Accident and Health E&O kalifa18 is the thread starter for: I Need 2 Million $$ Cap Life Accident and Health E&O

Originally Posted by goillini52 View Post
You could have two $1Million claims that total $2Million per year.
You're right. I went with NAPA 1M/3M.
Thanks
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