The Dowd Agencies

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Certificates of insurance, evidence of coverage forms and binders (collectively hereafter referred to as “certificates of insurance”) are intended to summarize insurance policies, including liability limits, in lieu of providing the actual polices to insureds or third parties as proof of coverage.

The Massachusetts Division of Insurance (“Division”) has been informed, however, that some insurance companies and insurance producers are being asked to provide certificates of insurance that purport to amend, extend or otherwise alter the terms of insurance provided by the underlying policy. Certificates of insurance are not the proper method by which to amend a policy, that amending such certificates of insurance may create an errors and omissions exposure, and that this activity may violate the Massachusetts insurance laws.

Certificates of insurance are not actual policies of insurance, and as certificates of insurance, they do not and cannot be used to amend, extend, or alter insurance coverage afforded by the underlying policies.

Massachusetts law requires that all insurance policy forms, as well as riders, endorsements and applications designed to be attached to such policy forms, be filed with the Division. When an insurer or insurance producer executes a certificate of insurance that attempts to do more than merely offer a synopsis or summary of the policy, the insurer or producer risks the creation of obligations that are not payable by the underlying policy. Should the additional terms and conditions contained in the certificate of insurance be in conflict with, or otherwise alter, the policy forms, riders, endorsements or applications the insurer has filed with the Division, the insurer and/or insurance producer may have violated M.G.L. c. 175, § 2B by issuing, delivering or otherwise using a policy form that has not been filed with the Division.

An insurer or insurance producer who issues a certificate of insurance that attempts to amend, extend, or otherwise alter the insurance policy or otherwise intentionally misrepresents the terms of an actual or proposed insurance policy may be in violation of these, and other, insurance statutes. Insurers and insurance producers may not execute or otherwise issue a certificate of insurance that includes any statements or language that purport to amend, extend, or alter coverage or indicate that a certificate holder has a right to notice of cancellation, nonrenewal, or any similar notice not specifically contained in the underlying policy. This prohibition applies to certificates of insurance, as well as all other documents that do not purport to be certificates of insurance, such as a formal opinion or other document issued or signed by an insurer or an insurance producer.

SBA Assistance

SBA provides low-interest business loans of up to $2 million to cover both repair of physical damage and to help a business overcome distaster-related economic injury. Rates will not exceed 4 percent for businesses with no other credit options and repayment terms of up to 30 years are available. If your business property secures and existing mortgage, a refinance of that mortgage can be included in the new loan. For more information, call (800) 659-2955 [TTY (800) 877-8339]

Disaster Unemployment Assistance

Provides unemployment benefits to individuals who have become unemployed as a result of a presidentially declared major disaster. Self-employed persons who cannot work as a result of the disaster can also apply for benefits. For more information, call (877) 872-5627 [TTY (877) 889-5627]

FEMA Assistance

May be available for sole proprietors who have disaster-related damage to vehicles or tools needed for their jobs. For more information, call (800) 632-3362 [TTY (800) 462-7585]

IRS Disaster Relief

May allow you to deduct disaster-related losses from your prior year’s tax return. Filing an amended return may allow you to receive an immediate tax refund.

The Red Cross Safe and Well website is being used to track residents who have been displaced by the tornadoes in the Springfield area.

It is a free, public communication tool where those affected by disasters can register on the site and post messages that they are safe. Loved ones can then conduct a search on the site to view the posted messages. To access the website, please go to https://safeandwell.communityos.org/cms/index.php You can enter yourself as “Safe and Well” if you were impacted by the storm, or search for a loved one you cannot locate.

People who do not have access to a computer and the internet, can call the City’s 3-1-1 Call Center which can assist you with entering yourself into the system or searching for a loved one. The number into the 3-1-1 Center is 413-736-3111.

Info for BUSINESSES:

FEMA and other federal agencies are currently in the middle of  conducting an assessment. This assessment and further federal action may lead to resources becoming available in the future, but nothing as of yet. They’ve provided links to various business assistance agencies that can be found at the link below, but until the fed completes the assessment phase, no one has funds.  http://www.springfieldcityhall.com/planning/171.0.html

The Administration is also working with landlords to secure temporary office space for impacted businesses in downtown Springfield.

Info for INDIVIDUALS:

Individuals and families impacted by the storms are encouraged to visit one of three new Massachusetts Storm Assistance Centers listed below.  The Centers will be open today from 3:00 – 6:00 p.m. and 8:00 a.m. – 6:00 p.m. thereafter, including Saturday and Sunday, until further notice.  State government agencies will work collaboratively to meet the immediate health, human service, housing and employment needs of those affected.

Springfield: Department of Transitional Assistance Office

95 Liberty Street, Springfield

(413) 858-1000

Palmer: Department of Developmental Service Central/West Regional Office

171 State Avenue, Monson/Palmer Line, 01069

(413) 283-3411

Southbridge: Department of Transitional Assistance Office

1 North Street, Southbridge

(508) 765-2400

Staff will be on site to help individuals and families obtain cash assistance and Supplemental Nutrition Assistance Program benefits, seek crisis counseling support services, and enroll in a range of other available benefits

Storm assistance centers are staffed by public and private sector economic development leaders and non-profit partners who can offer impacted businesses and homeowners advice on available state and federal resources that can assist with repairs, rebuilding and relocation.

Frank Moskal Insurance Agency of 28 Parker Street, Indian Orchard, MA has merged with The Dowd Agencies of Holyoke, MA. The name of Frank Moskal Insurance Agency will change to Moskal-Dowd Insurance, Inc.  and the quality service and insurance expertise that Moskal clients have known for more than 70 years will continue under this new name.

Moskal Insurance was founded in 1930 by Frank Moskal’s father. Frank ran the agency until recent years and his son Gary J. Moskal successfully managed the firm until his untimely death in August of 2010. “We are very proud to partner with this locally-owned and highly respected insurance agency that has provided quality insurance sales and service to citizens in the Pioneer Valley for so many years,” said Robert W. Gilbert, Jr., President of The Dowd Agencies.

The Dowd Agencies represent over 20 A-Rated carriers and now have four offices throughout the Pioneer Valley including Holyoke, Amherst, Southampton and Indian Orchard..  A familiar face in the marketplace, Mary Ellen Metzger has joined the Moskal-Dowd Insurance Agency as an Account Manager. Her duties will include providing outstanding service to the Moskal Agency clients.

Mary Ellen Metzger joins the Dowd family.

Click here for more

 

The Institute for Business and Home Safety has a great site that can help you prepare and protect your property from Hail, Flooding, Freezing, Earthquake and other natural disasters.  Enter your zip code and the more common types of occurrences for your area will be listed. 

Nearly all summertime, outdoor activities come with increased risks. A call to your insurance agent is always a good first step in making sure you are protecting yourself and your family.  The National Association of Insurance Commissioners offers some tips to make sure you and your family are insured for the increased risks that come with outdoor activities.  To read the article, please click here.

Dowd Insurance is excited about the upcoming changes in auto insurance, and we are ready for it.

Over the next few months, you will be hearing about the new competitive auto insurance market in Massachusetts.  We represent the top auto insurance carriers in the state, and we will be working with them to offer a variety of coverages and discounts along with highly competitive rates.  Dowd is monitoring these changes closely, and will keep you informed. 

Dowd Insurance has a knowledgeable, friendly staff who will work with you and your family to ensure you have the proper coverage at the best value. We appreciate your business with the Dowd Insurance Agencies, and we look forward to meeting your needs now and in the future.

Questions, questions, we all have questions on the competitive auto coming April 1, 2008.

We, at Dowd, want you to know we are excited about the upcoming changes in 2008 Massachusetts Auto.   We don’t have all the answers right now, but we are working hard and will be ready when that time comes.

As an Independent Agent representing a variety of strong auto carriers we can help you select the best coverage at the best price, especially if we write both your home and auto.

For information on what our carriers have filed for auto rates with the Division of Insurance please click here. 

The information we are using has been compiled and supplied by our Massachusetts Association of Insurance Agents.