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Block of Flats Insurance Glossary of Terms

Property Insurance Centre

Consequences of Underinsurance In the event of a claim on the block insurance policy , the insurer or its appointed loss adjuster may check to see that the Declared Value is adequate. If it is not, they may rely upon a clause within the insurance policy called Average, Average Condition, or Underinsurance.

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

Distinguished

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. When a project is under construction or renovation, your clients are likely not covered by their homeowner’s insurance or business insurance.

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The Evolution of Commercial Insurance: Key Trends to Watch in 2025

Protect Commercial Insurance

Insurance companies will need to design comprehensive cyber insurance policies that not only cover financial losses but also offer resources for incident recovery and cyber threat intelligence. This real-time information enables insurers to offer dynamic pricing models that reflect actual risk more accurately.