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Can Both the Contractor and Property Owner Be Named Insureds on a Builder’s Risk Policy?

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One common question is whether the contractor and the property owner can be named insureds on the same Builder’s Risk policy. The answer lies in both parties’ financial interest in the property and how that impacts the insurance policy’s structure. Property owners may also choose to add Premises Liability coverage to the policy.

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Broker FAQ: How to Bind a Quote for City and New York Brick & Brownstone Programs

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Follow the steps below to bind your policy: Step 1: Log into the new portal Access the Broker Connect portal here. Step 6: Check the box to review and confirm Step 7: Review Terms and provide signature Review the Terms and sign in the Agent Name box. Step 9: Bind your policy Click Bind to finalize your policy.

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Does Builder’s Risk Coverage Differ for Residential vs. Commercial Construction Projects?

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While Builder’s Risk policies for both types of projects offer similar coverage, such as insuring for damage to the structure from fire, theft, and other covered perils, there are important distinctions between residential and commercial coverage. We offer 3-, 6-, 9-, or 12-month policies, with extensions available upon review.

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Distinguished Programs and Berkley Program Specialists Partner for Community Associations D&O and Crime Coverage 

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The precise coverage afforded by any insurer is subject to the actual terms and conditions of the policies as issued. Property and Liability products are distributed through a national network of agents and brokers. Berkley Corporation. Not all products and services are available in every jurisdiction.

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Protecting Fine Art, Collectibles in California

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Unlike competitors retreating from the market due to aggregation risks, our Fine Art and Collectibles insurance program brings fresh capacity and a willingness to underwrite policies tailored to Californias unique challenges. Many carriers encourage clients to insure their collections with specific Fine Art and Collectibles policies.

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High-Capacity Limits Address Collections of Museums, Corporate Clients, and High-Net-Worth Individuals

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We cover both owned and loaned exhibits, with adjustable policy terms to accommodate planned exhibitions. These collections require layered policies to address complex ownership structures and geographic distribution. Property and Liability products are distributed through a national network of agents and brokers.

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The Role of Appraisals in Fine Art Insurance

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Types of Valuations Insurance policies can be written on an agreed value/scheduled or blanket basis. If it’s a piece that increases in value, as with contemporary art and any high-value fine art collection, the agreed value in the policy could fall significantly short of its market value. Think Warhol, Banksy, and Haring.