Urgent Warning For Residential Contractors & Home Builders!
Bancorp Insurance Tells It Like It Is. We feel it’s our duty to notify insurance consumers of changes in their policies which will adversely affect them. Insurance company executives get angry when honest agents tell the consumer the truth. Bancorp Insurance has been threatened with legal action if we continue to warn insurance consumer’s when an insurer is trying to pull the wool over your eyes. Don’t worry, we won’t stop telling you truth. Bancorp Insurance believes strongly in its role as an active consumer advocate for you the insurance consumer.

  
     
         
 


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URGENT MEMO

Date: December 13, 2004
To: Oregon Contractors

Subject: You Just Got Kicked In The Teeth And Stripped Naked By Your General Liability Insurance Company!

I don’t usually use this type of language in a letter…but I ‘m outraged, and I don’t know how else to say it! Your, *&^%$&* insurance company has left you in the cold.

Effective December 15th, 2004, "certain" insurance companies will add a new exclusion to your general liability policy when it renews. This exclusion takes all coverage away from you if you do any work in connection with the pre-construction, construction, or post construction of any residential building. The new designated work exclusion is as broad as the ice berg that sank the Titanic! Just look at this description of what the insurer won’t cover!

“Residential building” to the "certain" companies means:

  1. Any single-family dwelling, including, but not limited to, houses, town homes or townhouses; or
  2. Any multi-family dwelling, including, but not limited to condominiums or cooperative, duplexes, triplexes or four-plexes and apartment buildings or complexes; or
  3. Any other structure, which is attached to, or ancillary to any structure identified in 1 or 2 above.

In short if you do any work in or around on any building, including the dog house, then there is no coverage for your work if it has any connection with a residential building.

Warning to all General Contractors

Do not accept a certificate of insurance from any sub-contractor without talking to us first!  "Certain" insurers have come right out and told me they do not want to insure residential contractors. If you accept a certificate of insurance from a sub-contractor, you have just put your insurance policy on the hook for any loss resulting from your subs work. You pay the price!

Insuring Oregon Contractors Is
Our Number One Priority

Listen, you need a general liability policy that’s not going to leave your backside hanging out there bare. Your business, your kids education, your families savings, everything is riding on the fact that you have the right insurance policy protecting you if something goes wrong.

It’s easy to fix this problem right now! Here are 3 Easy Ways To Reach Us RIGHT NOW:

  1. Call 800-452-6826 ask for Lori or Pam, and let them insure you with a new insurance company that doesn’t leave you exposed.
     

  2. Request a quote on-line at www.weinsureoregon.com.
     

  3. Fax us your current policy 541-536-1568.

Don’t risk losing everything you’ve worked so hard for just because you didn’t take 3 minutes to find out if you have the right protection.

CALL US: TOLL FREE 800~452~6826
 Ask for REX LESUEUR

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