Distinguished

MARCH 20, 2025

Ordinance or law coverage : Covers the cost of repairing or rebuilding structures to meet current building codes after a covered loss, even if the existing structure was not up to code. Crime insurance : Protects against financial losses caused by theft, burglary, or employee dishonesty, covering stolen money, securities, or property.

Building 52

Building Protection Damage Liability 52

Distinguished

FEBRUARY 24, 2025

Equipment breakdown: A sudden breakdown of refrigeration units, ovens, or HVAC systems can result in both operational disruptions and financial losses for a restaurant. Location risks: Areas with higher crime rates or increased foot traffic face higher premiums.

Liability 52

Liability Liability Insurance Insured Insurance 52

Distinguished

MARCH 25, 2025

Without proper coverage, collectors risk significant financial loss if their decoys are stolen, broken, or devalued due to improper restoration. Location: Storing a collection in an area prone to natural disasters or with higher crime rates can increase insurance costs.

Deductible 52

Deductible Theft Insured Insurance 52