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

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It also shows that being aware of any separate deductibles for wind or hail is an important part of assessing your clients coverage options. These include $1 million in personal liability, coverage for personal contents, inland marine for scheduled valuables, and additional living expenses.

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A Comprehensive Overview of Surety Bonds

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If the principal fails to fulfill these obligations, the surety is responsible for rectifying the breach, either through financial compensation or by ensuring the completion of the contract. If the claim falls within the coverage scope, the insurer compensates the insured directly for the loss.

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What are the most important questions to ask when choosing business insurance?

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– Potential deductibles and what’s financially viable if you need to make a claim. – Workers’ Compensation Insurance : Provides for employees’ medical expenses and wage replacement in the event of work-related injuries. – Inland Marine Insurance for transporting equipment and goods.