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Morgan & Ziegler Insurance Agency

Insurance, United States, Illinois, Chicago

Protecting what matters most with personalized insurance solutions and expert financial guidance.

About Morgan & Ziegler Insurance Agency

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Basics

Type
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Founded
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Total Employees
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Employees on Linkedin
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Employees on OWCareers
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Main Office
United States of America, Illinois state
Official Website
http://www.mzinsurance.com
Location Address Official Phone Email
United States of America, Illinois state United States, Illinois, Chicago **** ****
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FAQs – Morgan & Ziegler Insurance Agency

What is a waiver and estoppel in insurance contracts?

A waiver occurs when an insurer voluntarily gives up a right (e.g., not enforcing a policy condition). Estoppel prevents an insurer from denying coverage if its past actions led the insured to believe they had coverage.


What is product liability insurance?

Product liability insurance provides protection for manufacturers, distributors, and retailers against claims of injury or damage caused by defects in the products they sell or distribute. This coverage can include physical injury, property damage, and legal costs.


Does comprehensive insurance cover theft?

Yes, comprehensive insurance covers theft of your vehicle. If your car is stolen and not recovered, your insurer will compensate you for its actual cash value (ACV) minus your deductible. It may also cover damages if the car is recovered but was vandalized.


How quickly do payouts occur after a triggering event?

Payouts are typically made within days or even hours after verification of the event, making it much faster than traditional claims processes, which can take weeks or months. This ensures rapid access to funds for recovery.


Can small and mid-sized businesses benefit from captive insurance?

Yes, small and mid-sized businesses can join group captives, rent-a-captives, or protected cell companies to access captive benefits without the costs of forming a standalone entity.


How did life insurance develop in the 17th century?

The 17th century saw the emergence of life insurance through organized policies. The establishment of The Amicable Society for a Perpetual Assurance Office in 1706 marked a milestone in group-based life insurance, allowing members to pool their resources for financial protection.


Can I insure livestock against predators?

Some policies provide coverage for livestock losses due to predators, but specific conditions may apply, such as proof of attack and implementation of recommended protective measures.


Does homeowners insurance cover mold damage?

Mold damage is usually covered only if it results from a covered event, such as water damage from a burst pipe, not negligence.


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