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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. 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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Insurance Considerations When Expanding Your Business to a New Location

Mark Jackson Insurance Agency

Brick commercial office building by Binyamin Mellish Expanding your business to a new location is an exciting step toward growth, but it also introduces new risks. Key policies to review and update include: Commercial Property Insurance to protect your new location against physical damage from fire, vandalism, theft, or natural disasters.

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A Comprehensive Guide to Understanding Commercial Property Insurance

Protect Commercial Insurance

This type of policy covers a wide array of potential hazards, including fire, theft, vandalism, and certain natural disasters. – Inland Marine Insurance : Valuable for businesses frequently moving goods and equipment across locations.

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

Distinguished

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

Distinguished

Builder’s Risk Insurance covers property during the course of construction, whether it’s a new build or renovation. Distinguished’s Builder’s Risk Policy Our Builder’s Risk policy covers building costs, foundations, onsite materials, off-site materials in transit, fixtures, equipment, and temporary structures like scaffolding.

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

Distinguished

Job sites that are under construction are prone to things like fire, theft, and vandalism. Whether it’s a construction project for a single-family home , a mixed-use building , or a commercial property, Distinguished’s Builder’s Risk Program has got it covered. Equipment : Covers damages to or theft of equipment used on the job site.

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

Distinguished

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. We can consider a prior start if it’s in the early stages of the project. Loss experience.

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