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Jack Hungelmann
THE BASICS
An insurance career spanning over 30 years.
Experience and training as an agent, consultant, teacher, author, claims adjuster, and reinsurance broker.
Jack runs his risk management and insurance business from Corporate 4 Insurance Agency in Edina MN.
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Insurance Skills
- Significant expertise in every kind of personal and small-business insurance policy, as evidenced by authorship of the book Insurance for Dummies, now in its second edition.
- Expertise about the claims process from one year as a claims adjuster and over 30 years as a claims advocate
- Risk management skills from coaching individuals and small business owners on non-insurance solutions for over 20 years
- Expertise in identifying and reducing risks in personal contracts (i.e. apartment leases, condominium association bylaws, watercraft and recreational vehicle rental contracts, wedding reception contracts, car rental contracts, moving and storage contracts, etc.)
- Skills in auditing personal insurance programs, identifying gaps, recommending solutions to those gaps.
Educational Qualifications
- B.A. from University of Minnesota
- Over 2,000 hours of insurance education including:
* Certified Insurance Counselor (CIC) designation with over 25 years of annual updates of 20 hours or more
* Chartered Property and Casualty Underwriter (CPCU) designation (graduate level coursework in risk management and insurance)
* Associate in Reinsurance (ARe) designation
* Continuing Professional Development (CPD) award annually since its inception from CPCU Society recognizing meeting their standard for commitment to ongoing education
Teaching Experience
- CPCU 2: Personal Lines Risk Management and Insurance
- Personal Lines Risk Management on several occasions for the Society of CIC and also for continuing education for agents in Minnesota and Ohio
- CPCU 5: Insurance Company Operations
- “Risk Management for Small Business” to North Dakota CPA Society
- “Managing Your Small Business Insurance Program” for Hennepin Technical College
- “Avoiding the Pitfalls and Loopholes of Insurance” seminars for Edina, Minnesota, Community Education
- “Choosing the Right Umbrella for Your Personal Lines Clients” for Illinois Agent & Broker Conference
Publishing History
- Insurance For Dummies, Hungry Minds Books, published January, 2001
- “Newsletter,” a personally produced newsletter three times annually for clients and associates, advising them of new coverages, state law changes and recommendations on best strategies for handling unusual risks, since 1985
- “A Counselor Approach To Selling,” on the pitfalls of auto and home policies and how to avoid them, American Agent and Broker
- “Writing Your Own Newsletter,” American Agent and Broker and International Risk Management Institute, November, 2004
- “It’s Time To Repeal Anti-Rebating Laws,” an editorial on why protectionist legislation requiring all agents be paid the same commission was hurting both the industry and the consumer, American Agent and Broker, October, 1993
- “Avoiding the Pitfalls of Scheduling Fine Art,” American Agent and Broker, August, 1996
- “Helping Clients with Hail Damage Claims,” American Agent and Broker, July, 1998
- “Closing Coverage Gaps for Business Support Services,” American Agent and Broker, January, 2000
- “Amending Coverage When Clients Transfer Property,” American Agent and Broker, April, 2000
- “Resolving Structural Matching Claim Disputes,” American Agent and Broker, April, 2000
- “An Equitable Solution to the 'Matching Problem',” American Agent and Broker, July, 2001
- “Coverage and Gaps for Boats in the Homeowner’s Policy,” American Agent and Broker, March, 2002
- “Adapting the HO-6 To Cover Higher Association Deductibles,” American Agent & Broker, September, 2003
- “Is Variable Life Insurance A Good Buy?” on the differences between term and permanent life insurance, The Atlanta Journal Constitution, December, 2003
- “Personal Risk Management: An Overview,” International Risk Management Institute, March, 2004
- “Managing the Nanny Risk,” International Risk Management Institute, April, 2004
- “Managing Major Medical Risks Following a Job Change,” International Risk Management Institute, July, 2004
- “Finding and Hiring a Nanny,” NannyJobs.com, November, 2004
- “Plugging Liability Insurance Gaps with the Personal Umbrella Policy,” International Risk Management Institute, February, 2005
- “What Young-Onset Parkinsonians and Caregivers Need to Know About Insurance and Insurance-Related Government Programs,” National Parkinson Foundation, May, 2005
- “Personal Risk Management: Making a World of Difference at Claim Time,” International Risk Management Institute, June, 2005
- “Helping Clients Make Good Group Insurance Decisions,” International Risk Management Institute, September, 2005
- “Insurance Products for Uninsurable Chronic Medical Conditions,” International Risk Management Institute, January, 2006
- “Government Programs for Uninsurable Chronic Medical Conditions,” International Risk Management Institute, February, 2006
- “Creating a Long-Range Insurance Plan for the ‘Uninsurable’,” International Risk Management Institute, March, 2006
- “Managing the Townhouse/Condominium Unit Owner Risk,” International Risk Management Institute, August, 2006
- “Umbrella Insurance: An Interview with Author and Insurance Expert Jack Hungelmann,” LoveToKnow Insurance, September, 2006
- “Plugging Coverage Gaps for Owners of Small Businesses,” American Agent and Broker, September, 2006
- “Managing the Risks of a Household Move,” International Risk Management Institute, February, 2007
- “Creating and Using a Personal Umbrella Comparison Form,” International Risk Management Institute, June, 2007
- “In Praise of Personal Umbrellas,” American Agent and Broker, September, 2007
- “Insurance for the California Wildfires,” International Risk Management Institute, November, 2007
- “Risk Management: Protecting Assets When Home Ownership Is Transferred to a Trust,” International Risk Management Institute, December, 2007
- “Time To Standardize Personal Umbrella Insurance Policies,” International Risk Management Institute, February, 2008
- “Managing Personal Automobile Insurance Risks Following Death,” International Risk Management Institute, April, 2008
- “Choosing the Best Umbrella Policy: Case Study,” International Risk Management Institute, May, 2008
- “Risk Management for Weddings,” International Risk Management Institute, August, 2008
- “Health Insurance Advice for the Newly Laid Off,” June, 2009
- “Managing the Risks of a Vacant Home,” July, 2009
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Books
Insurance For Dummies, 2nd Edition
A comprehensive consumer guide to buying insurance right and avoiding coverage pitfalls. (Click on the title to find out more about what this book can teach you and to see some reader reviews.)
Magazine Articles
An Equitable Solution To The 'Matching Problem'
Using the Pair and Set clause to resolve claim disputes involving mismatched roofing and siding for homeowners
Adapting the HO-6 To Cover Higher Association Deductibles
Protecting yourself if your condo association raises the master policy deductible to $25,000 and makes you responsible!
Plugging Coverage Gaps for Owners of Small Businesses
Identifies the property and liability risks that face small business owners and Jack Hungelmann’s recommendation on how to protect themselves from each of them.
Web Site Articles
Personal Risk Management: An Overview
Details the 16 added services clients receive from Jack Hungelmann as part of the annual risk management fee they pay
Personal Risk Management—An Alternative to Insurance as Usual
Jack Hungelmann explains why and how agents with expertise should become personal risk managers for their clients.
Comparing Stand-Alone Personal Umbrella Policies
Jack Hungelmann compares four stand-alone Umbrella policies against each other, including the Independent Insurance Agents Association's RLI program, in terms of how they cover liability gaps not otherwise covered by Auto or Homeowners insurance.
Creating and Using a Personal Umbrella Comparison Form
This article contains the Umbrella Comparison Chart Jack Hungelmann created that he uses to compare personal umbrella policies in his agency.
Creating a Personal Umbrella Coverage Checklist
Jack Hungelmann shares the umbrella checklist he uses to help clients identify liability exposures that may not be covered under primary policies but need to be covered under their umbrella policy.
Plugging Liability Insurance Gaps with the Personal Umbrella Policy
A well-chosen personal umbrella policy can plug many of the liability insurance gaps of an underlying insurance program. Twenty coverage gaps are illustrated.
Choosing the Best Umbrella Policy: Case Study
This is the third and final part of my series on comparing personal umbrella policies. The premise for all three articles is the importance to the personal risk management process of knowing the strengths and weaknesses of the umbrella policies you have access to.
Time To Standardize Personal Umbrella Insurance Policies
Personal umbrella policies have been around for decades now—much like homeowners policies. But unlike homeowners policies, the insurance industry has failed to agree on standardized umbrella products so that agents and consumers alike know what they're buying.
Umbrella Insurance: An Interview with Author and Insurance Expert Jack Hungelmann
Jack recently participated in a LoveToKnow.com interview and took time to answer a few questions about umbrella insurance.
Managing the Risks of a Vacant Home
Includes a case study which evaluates coverage for vacant homes in a specialty market versus a surplus lines market.
Managing the Townhouse / Condominium Unit Owner Risk
Jack Hungelmann explains what the coverage pitfalls are of the basic HO-6 policy and addresses how best to avoid those pitfalls.
Health Insurance Advice for the Newly Laid Off
Includes information on the new 65% COBRA subsidy that took effect March 1, 2009.
Creating a Long-Range Insurance Plan for the "Uninsurable"
Long-range life and health insurance planning for those with uninsurable chronic illness.
Government Programs for Uninsurable Chronic Medical Conditions
Jack Hungelmann identifies various laws such as COBRA, HIPAA, etc., that provide some protection for those people with uninsurable medical conditions.
Insurance Products for Uninsurable Chronic Medical Conditions
Jack Hungelmann identifies the various types of individual and group life, health, disability, and long-term care products available on the market.
What Young-Onset Parkinsonians and Caregivers Need to Know about Insurance and Insurance-Related Government Programs
Insurance planning advice for those with any kind of chronic illness that makes them medically uninsurable in the open market
Managing Major Medical Risks Following a Job Change
Risk management case study involving a 60+ year old couple on medical options available to them following change of employment. They are not yet eligible for Medicare, and one is medically uninsurable.
Finding and Hiring a Nanny
Co-authored by 2004 nanny of the year Michelle LaRowe. Practical advice for parents in identifying and managing the risks associated with hiring a nanny.
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