🚨 Is Your Cheaper Insurance Policy Actually a Trap? 🚨
In this video, Mendy from Panther Public Adjusting breaks down the risks and benefits of surplus insurance policies. You might be offered a cheaper policy, but is it worth it? We dive deep into what surplus policies really are, the potential hidden costs, and what you need to watch out for—like binding arbitration and the lack of appraisal options. 🤔
Before you sign anything, make sure you understand all the details! Mendy shares some critical tips for reviewing your policy, and we explain when a surplus policy might actually make sense. 💼💡
📧 Got Questions?
Email us at: questions@pantherpa.com
📞 Call us: 833-PANTHER (833-726-8437)
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Youtube Chapters:
00:00 – Introduction: Surplus Policy Offer
00:06 – What is a Surplus Policy?
00:19 – The Risks of Non-Domestic Insurance Carriers
00:36 – A Real-Life Example: A Homeowner’s Surplus Policy
01:01 – Why the Appraisal Option Matters
01:14 – What is Binding Arbitration?
01:35 – The Problem with Arbitration in Rhode Island
02:14 – Is a Surplus Policy Always a Bad Idea?
02:38 – When a Surplus Policy Might Make Sense
02:45 – How We’ve Helped Clients with Surplus Policies
02:59 – What You Should Do Before Agreeing to a Surplus Policy
03:03 – Contact Us for Policy Reviews
03:09 – Closing & Call to Action
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