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.


Biography

Jack Hungelmann CPCU, CIC, ARe
Author of Insurance For Dummies, 2nd Edition


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 Highlights

  • Insurance For Dummies, 2nd Edition, Wiley Publishing, published June of 2009, originally published in 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

  • Has written and continues to write a weekly advice column for Bankrate.com since early 2013 – over 80 columns total – on every kind of insurance topic.


  • Articles written for International Risk Management Institute Website

  • “10 Steps to a Well-Designed HO 6 Policy,” July, 2012

  • “Insuring Liability Risks When Motor Homes or Trailers Are Used as a Secondary Residence,” June, 2012

  • “Comparing Auto-Owners Stand-Alone versus Fully Supported Personal Umbrella Policies,” March, 2012

  • “Personal Umbrella Insurance 101,” February, 2012

  • “Personal Risk Management: The Insurance Audit,” August, 2011

  • “Homecare Workers: Identifying and Managing Risks,” June, 2011

  • “Managing the Risks of Groundwater Damage,” May, 2011

  • “Comparing Stand-Alone Personal Umbrella Policies,” April 2011

  • “Collision Damage Waivers When Renting a Vehicle: To Buy or Not To Buy,” February, 2011

  • “'Showhomes' Solves the Coverage Problems of Home Vacancy,” June, 2010

  • “Insuring ‘Zipcars’,” April, 2010

  • “Reducing Umbrella Risks by Having One Agent,” March, 2010

  • “Personal Risk Management—An Alternative to Insurance as Usual,” January, 2010

  • “Creating a Personal Umbrella Coverage Checklist,” September, 2009

  • “Managing the Risks of a Vacant Home,” July, 2009

  • “Risk Management for Weddings,” August, 2008

  • “Choosing the Best Umbrella Policy: Case Study,” May, 2008

  • “Managing Personal Automobile Insurance Risks Following Death,” April, 2008

  • “Time To Standardize Personal Umbrella Insurance Policies,” February, 2008

  • “Risk Management: Protecting Assets When Home Ownership Is Transferred to a Trust,” December, 2007

  • “Insurance for the California Wildfires,” November, 2007

  • “Creating and Using a Personal Umbrella Comparison Form,” June, 2007

  • “Managing the Risks of a Household Move,” February, 2007

  • “Helping Clients Make Good Group Insurance Decisions,” September, 2005

  • “Personal Risk Management: Making a World of Difference at Claim Time,” June, 2005

  • “Plugging Liability Insurance Gaps with the Personal Umbrella Policy,” February, 2005

  • “Writing Your Own Newsletter,” November, 2004

  • “Managing the Nanny Risk,” April, 2004

  • “Personal Risk Management: An Overview,” March, 2004


  • Articles written for American Agent and Broker Magazine

  • “In Praise of Personal Umbrellas,” September, 2007

  • “Plugging Coverage Gaps for Owners of Small Businesses,” September, 2006

  • “Adapting the HO-6 To Cover Higher Association Deductibles,” September, 2003

  • “Coverage and Gaps for Boats in the Homeowner’s Policy,” March, 2002

  • “An Equitable Solution to the 'Matching Problem',” July, 2001

  • “Resolving Structural Matching Claim Disputes,” April, 2000

  • “Amending Coverage When Clients Transfer Property,” April, 2000

  • “Closing Coverage Gaps for Business Support Services,” January, 2000

  • “Helping Clients with Hail Damage Claims,” July, 1998

  • “Avoiding the Pitfalls of Scheduling Fine Art,” August, 1996

  • “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, October, 1993


  • Articles written for Other Publications

  • “Umbrella Insurance: An Interview with Author and Insurance Expert Jack Hungelmann,” LoveToKnow Insurance, September, 2006

  • “What Young-Onset Parkinsonians and Caregivers Need to Know About Insurance and Insurance-Related Government Programs,” National Parkinson Foundation, May, 2005

  • “Finding and Hiring a Nanny,” NannyJobs.com, November, 2004

Selected Works

Books
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.)
Web Advice Columns
View over 80 advice columns for Bankrate.com on every type of insurance.
Web Site Articles - IRMI
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.
Jack Hungelmann explains why and how agents with expertise should become personal risk managers for their clients.
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.
Includes a case study which evaluates coverage for vacant homes in a specialty market versus a surplus lines market.
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.
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.
This article contains the Umbrella Comparison Chart Jack Hungelmann created that he uses to compare personal umbrella policies in his agency.
A well-chosen personal umbrella policy can plug many of the liability insurance gaps of an underlying insurance program. Twenty coverage gaps are illustrated.
Details the 16 added services clients receive from Jack Hungelmann as part of the annual risk management fee they pay
Web Site Articles - American Agent and Broker
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.
Protecting yourself if your condo association raises the master policy deductible to $25,000 and makes you responsible!
Using the Pair and Set clause to resolve claim disputes involving mismatched roofing and siding for homeowners
Articles Written for Other Publications
Jack recently participated in a LoveToKnow.com interview and took time to answer a few questions about umbrella insurance.
Insurance planning advice for those with any kind of chronic illness that makes them medically uninsurable in the open market
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.