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Insuring Collectibles in New York

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Whats Covered The policy covers a wide range of risks for direct physical damage, including fire and theft, under an all-risk policy structure with broad coverage. Specific hazards, typically on a location basis, may be restricted, like water damage for flood-prone areas or basement and first-floor storage.

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What Your Clients Must Know About Cyber Insurance War Exclusions

ProWriters

China’s quest for “independence from the West” has led it to conduct state-sponsored campaigns of “cyber espionage and intellectual property theft,” Lior Div told cyber security firm ExtraHop. Security experts also believe China and Iran pose significant cyber risks.

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

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This could be the contractor, developer, or property owner, depending on who stands to suffer a financial loss if the property is damaged during construction. In this case, the owner is covered for the physical damage to the property (e.g., damage to the structure under construction). We’ll get back to you with a quote.

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Builder’s Risk Insurance in Tennessee: A Broker’s Guide 

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Job sites that are under construction are prone to things like fire, theft, and vandalism. Vandalism : Intentional damage to the job site by third parties, including things like broken glass or graffiti. Theft : Covers the cost of replacing covered items that were stolen from the job site. Access our online Broker Portal.

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Navigating Commercial Property Insurance: A Guide for New Investors in California

Jackson & Jackson

It provides coverage for physical damage to your property and any loss of income due to business interruption. Key Coverages for California Property Investors Property Damage : Covers damage to your buildings and contents caused by fire, theft, vandalism, and natural disasters.

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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. Limits of up $20 million are available, depending on the construction type and state.

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The Impact of Location on Commercial Property Insurance Rates

Jackson & Jackson

Properties in high-risk zones for these disasters typically see higher insurance rates due to the increased likelihood of damage—especially the Brush Areas in California. Ask your Broker; they can map it beforehand. Quick emergency response times can reduce the extent of damage, lowering the risk for insurers.