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

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From devastating floods to slip-and-fall lawsuits, insuring apartment buildings is no simple task. In this guide, we break down the key coverages every apartment building owner needs, highlight common claims, and show you how to offer tailored solutions that keep your clients protected in an ever-changing market.

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Landlord Insurance in Chicago, Illinois: Everything Brokers and Property Owners Need to Know

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However, with opportunity comes risk: property damage, liability claims, and unexpected financial losses can quickly turn a profitable investment into a costly liability. Loss of rental income: Replaces rental income if a covered event makes the property uninhabitable. In Chicago alone, more than 2.7

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Restaurant Insurance in Charlotte, North Carolina: A Broker’s Guide

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Equipment breakdown: A sudden breakdown of refrigeration units, ovens, or HVAC systems can result in both operational disruptions and financial losses for a restaurant. Theft or vandalism: Restaurants can be common sites of burglary or vandalism, which can not only turn off customers but also lead to pricey repair bills.

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

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Builder’s Risk Insurance covers property during the course of construction, whether it’s a new build or renovation. The answer lies in both parties’ financial interest in the property and how that impacts the insurance policy’s structure. It protects against fire, lightning, hail, wind, theft, and vandalism, among other perils.

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Commercial Insurance and Protection of Business Property

Paragon Independent Insurance Agencies

Commercial Insurance Information Commercial insurance consists of policies to safeguard businesses when financial losses are inevitable. Protection of Business Property Commercial insurance protects all business property, including buildings on the land, equipment in the yard, inventory, and other assets owned by the company.

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Builder’s Risk Insurance Declinations: An Interview With Susan DeCarlo

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So, for example, on a new build if they’re 30 to 60 days in, we can consider that risk. For example, on a remodeler’s project, the second floor has collapsed, or the overall integrity of the building looks compromised. Loss experience. We can consider a prior start if it’s in the early stages of the project.

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5 Essential Considerations for Insurance When Buying or Investing in Commercial Property

Jackson & Jackson

It covers the physical structure of your building and its contents against fire, theft, and some natural disasters. Business Interruption Insurance Unexpected events can disrupt your operations, leading to significant financial loss. Liability Insurance Liability insurance is essential for any commercial property owner.