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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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Blog Post: What's New in Practical Guidance - August 2024 Updates

LexisNexis

Disaster Management Guidance (Commercial Real Property Owners) Key considerations for real property owners, managers, and governing bodies in preparing for and responding to both natural and human-created disasters including casualty loss, natural disaster, cyberattack, and criminal or terrorist act.