Why does my policy have more than one deductible?

A policy commonly carries a flat deductible for most claims and a separate percentage-based wind and hail deductible in storm-exposed states like Georgia.

Does my own insurance cover me when I stay in an Airbnb or VRBO?

The host's short-term rental policy protects the host, not you. As an Airbnb or VRBO guest, your own homeowners or renters insurance usually covers your belongings and personal liability away from home, within policy limits, while travel insurance covers trip-specific risks neither the host nor your home policy will.

Does homeowners insurance cover flood damage?

No. Standard homeowners policies exclude all flood damage regardless of cause.

What does uninsured motorist coverage do?

If you are hit by a driver with no insurance or not enough insurance, uninsured and underinsured motorist coverage pays your medical bills.

When do we use Selective for flood coverage versus NFIP?

Selective private flood wins for Zone X and moderate AE properties where it beats NFIP on price and offers higher limits with ALE coverage.

Does a Georgia insurer have a deadline to handle a management liability claim?

All FAQs

Quick answer: Yes. Under Georgia's Unfair Claims Settlement Practices Act (O.C.G.A. 33-6-30 to 33-6-37), your insurer must acknowledge a claim within 15 days. If it refuses a covered claim, a written demand under O.C.G.A. 33-4-6 can trigger a bad-faith penalty of up to 50 percent of the loss or $5,000, whichever is greater, plus reasonable attorney's fees.

Yes, a Georgia management liability insurer has a legal deadline to respond to a claim. Under Georgia's Unfair Claims Settlement Practices Act, found at O.C.G.A. 33-6-30 through 33-6-37, an insurer must acknowledge a claim within 15 days of receiving notice.

This law applies to insurers doing business in Georgia across lines of coverage, including management liability policies covering D&O, EPL, and fiduciary liability. Acknowledgment does not mean a final decision on the claim; it means the insurer has to confirm receipt and begin handling the file within that 15-day window rather than leaving a policyholder without a response.

If an insurer denies or refuses to pay a claim that is actually covered under the policy, Georgia law gives the policyholder a further remedy. Under O.C.G.A. 33-4-6, a policyholder can send the insurer a written demand for payment. If the insurer still refuses to pay within 60 days of that demand and a court later finds the refusal was made in bad faith, meaning the insurer had no reasonable basis for denying a valid claim, the policyholder can recover a penalty of up to 50 percent of the loss or $5,000, whichever amount is greater, on top of the underlying claim payment. The statute also allows recovery of reasonable attorney's fees tied to the bad-faith claim.

Example: a Georgia nonprofit's board is sued by a former employee alleging wrongful termination. The nonprofit reports the claim to its EPL insurer, which fails to respond for six weeks and then denies the claim without a clear explanation despite policy language that appears to cover the allegation. The nonprofit's attorney sends a written demand under O.C.G.A. 33-4-6. If the insurer still refuses to pay and a court finds the denial was made in bad faith, the nonprofit could recover the bad-faith penalty and attorney's fees in addition to what the policy owed.

These deadlines and remedies apply regardless of which specific management liability coverage is involved, whether that is D&O, EPL, or fiduciary liability. Claims handling timelines are separate from how a claims-made policy determines whether a claim is covered in the first place. Management liability insurance is available through Olive Cover, and a coverage review can confirm what a specific policy covers before a claim happens.