Policy-Pitfalls-Power Plays Podcast

Intro Episode! Why a Podcast – How Has Insurance Changed – How Does it Affect Us – What Should it Look Like!

In this introductory episode, hosts Eric Buchanan and John Ballinger set the stage for the podcast by explaining why they launched it and what listeners can expect. They discuss how insurance has changed over time, the impact those changes have on individuals and businesses, and what a better insurance system should look like. The episode also touches on practical strategies for navigating the complexities of today’s insurance landscape.

The Claims Process: Do’s and Don’ts

In this episode, Eric Buchanan and John Ballinger walk listeners through how to handle the insurance claims process wisely by highlighting what to do and what to avoid. They discuss common mistakes people make that end up helping insurance companies more than claimants, and they offer practical advice to protect yourself and get the best possible outcome. The hosts also explain how to approach documentation, communication, policy knowledge, and timing so that your claim isn’t unnecessarily delayed or denied.

Exclusions and Definitions!

In “Exclusions and Definitions!”, hosts Eric Buchanan and John Ballinger examine how the definitions and exclusions in insurance policies can drastically alter what’s covered. They break down how certain terms and clauses — things like “named perils,” “all risks,” “endorsements,” etc. — can lead to gaps in coverage if you’re not paying attention. The hosts also discuss why insurers tend to rely on exclusions, how policyholders often misunderstand them, and what you should look out for, so you don’t get surprised when filing a claim.

The Economics of Why Insurance Deny Claims?

In this episode, Eric Buchanan and John Ballinger dig into the financial and economic incentives behind why insurance companies deny claims. They explore how those incentives shape insurer behavior, what factors influence denials (contract wording, risk calculations, cost containment, etc.), and the downstream effects on policyholders. The hosts also walk through what policyholders can do to anticipate potential denial risks, protect their claims, and push back effectively when a claim is wrongfully denied.

Homeowners Beware!

In “Homeowners Beware!”, hosts Eric Buchanan and John Ballinger focus on risks, pitfalls, and important considerations for homeowners when it comes to insurance. They emphasize that many homeowners don’t fully realize what’s in their policies until after something goes wrong. The episode discusses what homeowners should watch out for—hidden exclusions, ambiguous definitions, coverage limitations, and how to read policies carefully. It also offers suggestions on how to avoid surprises in the event of damage, claims, or disputes with the insurer.

Auto Insurance with John Ballinger

In this episode, Eric Buchanan and John Ballinger dive into auto insurance—what it covers, where people most often misstep, and how policy wording, claims, and risk exposure all play out on the road. They talk about typical pitfalls drivers encounter underinsuring, misunderstanding coverage limits, gaps in policy definitions, and what to do to avoid getting stuck if an accident or damage occurs. The hosts also stress the importance of reading your auto policy carefully and knowing what your insurer expects in terms of documentation and timing when making a claim.

What To Do With A Claim!

In “What to Do with A Claim!”, Eric Buchanan and John Ballinger walk listeners through the steps to take once a claim arises. They explain how to approach the process from the start, including reviewing your policy, documenting everything, communicating effectively with your insurer, and avoiding common mistakes that can weaken your case. The episode highlights the importance of being proactive and organized so you can protect your rights and maximize your chances of a fair outcome when dealing with an insurance company.

Do You Really Have Flood Insurance?

In “Do You Really Have Flood Insurance?”, Eric Buchanan and John Ballinger explore what flood insurance covers, and what people often think it covers but it doesn’t. They dig into the gaps, misunderstandings, and limitations of flood insurance policies, especially under the National Flood Insurance Program (NFIP). The episode aims to help listeners assess whether their flood protection is sufficient, how to check for exclusions or shortfalls, and what steps to take if you find that you thought you had coverage but don’t.