May 1, 2003
Our Privacy Pledge
The GLBA further requires that we inform you that you have a right to prevent us from sharing personal information about you with a third party for any purpose that is not specifically authorized by law. Your right to prevent us from sharing this option is called your right to “opt out” of such information sharing.
Information We Collect
We may collect information about you for underwriting purposes and from a variety of sources. A great deal of the information we collect, such as your name, address, social security number, assets and income comes from you during the application process. We also may collect personal information about you from third parties such as governmental entities, medical sources and consumer reporting agencies. The information we collect may include such things as your credit history, motor vehicle reports, inspections on your property and other information concerning your previous insurance policies, including your claims history. In addition, we may collect information about you to properly investigate and resolve any claim.
Information We Disclose To Third Parties
We share personal information about you with third parties (that is, people and companies that are not affiliated with us) only as necessary to provide you with our products and services and as otherwise is permitted by law. For example, we may disclose information as necessary to underwrite, rate or otherwise service your insurance policies; to investigate and pay claims; or service your investment accounts.
We disclose this information to insurance companies, insurance adjusting and auditing companies, lending institutions and investment institutions; and to process other transactions that you request. We may disclose limited information about you to companies that perform marketing services on our behalf.
We restrict access to personal information about you to those employees who need to know that information in order to provide products and services to you. We maintain physical, electronic and procedural safeguards to guard your personal information.
Reservation To Disclose Information In Unforeseen Circumstances
In connection with the potential sale or transfer of its interests, A W Welt Ambrisco Insurance, Inc. reserves the right to sell or transfer your information to third party entity that (1) concentrates its business in a similar practice or service; (2) agrees to be A W Welt Ambrisco Insurance, Inc.’s successor in interest with regard to the maintenance and protection of the information collected; and (3) agrees to the obligations of this privacy statement.
A W Welt Ambrisco Insurance, Inc.
24 Westside Dr.
Iowa City, IA 52246