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Insurance for Apartment Building Owners: Protecting Your Client’s Investments With the Right Coverage

Distinguished

From devastating floods to slip-and-fall lawsuits, insuring apartment buildings is no simple task. And with rising property values, more frequent catastrophic weather events, and emerging risks like habitability claims, its never been more critical to help your clients navigate their insurance options.

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Court Finds Policy Term, “Windstorm,” to be Ambiguous in Coverage Dispute Involving Tornado

The Property Insurance Law Observer

29, 2024)), the Court determined that the term “windstorm” was ambiguous as utilized in the subject insurance policy. The insureds suffered property damage caused by a tornado and subsequently submitted a claim to their insurer. The Windstorm or Hail deductible does not apply to coverage under 7. Dallas Jan.

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Top Building Insurance Pitfalls To Trigger F.O.M.O.

Property Insurance Centre

Top Building Insurance Pitfalls Here are some common pitfalls to avoid when getting building insurance in the UK: – Underinsuring. Insure your building at the amount that it will cost to rebuild it and not at the current market value when securing block of flats insurance. What is Covered?

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A Comprehensive Guide to Understanding Commercial Property Insurance

Protect Commercial Insurance

Types of Coverage Available Commercial property insurance usually provides several types of coverage, allowing businesses to tailor policies to their precise requirements: – Building Coverage : Protects the physical structure of your business, including fixtures and fittings.

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Hurricane Risk Management: Key Considerations Before and After Storms Strike

Risk Management Monitor

First, establish a plan that includes clearly defined roles and responsibilities for preventative measures to protect your building, employees or tenants in the event of a hurricane. From a property perspective, ensure that your buildings and structures are adequately protected to mitigate potential damage. Read the Fine Print.

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How to Read Homeowners Insurance Quotes

TGS

A homeowners insurance quote is the proposed amount that you would pay an insurance carrier to cover your home. The quote will be based on many factors, including your home’s age, building features, location and size, as well as your insurance score. How to Read Your Homeowners Insurance Quote 1. Policy Number 3.

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10 Factors That Affect Homeowners Insurance Premiums in Florida

TGS

Similarly, if the cost of building materials rises—something we’ve seen in recent years—insurance costs could also increase. Deductible Amount Your deductible is the amount you pay out of pocket before your insurance kicks in. Opting for a higher deductible can lower your monthly premium.

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