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

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Unlike single-family homes, apartment complexes face heightened risks damage from one unit can quickly spread to others, liability claims can stem from common areas, and evolving building codes can demand costly upgrades. The court awarded her a staggering $13 million in damages.

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Public Art Insurance: Safeguarding Publicly Owned Art and Collectibles 

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However, they also face unique risks, from vandalism and weather damage to transport and installation challenges. One of the key reasons is lower deductibles, expert knowledge, and tailored coverage options specifically designed for the unique risks faced by public art installations.  What Does Public Art Insurance Cover?

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Protecting Fine Art, Collectibles in California

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Our program provides all-risk worldwide coverage for direct physical damage like fire and theft of personal collections of any size. Coverage is offered as an optional add-on, with rates determined by sophisticated modeling that considers location, fragility of items, value of collectibles, storage, deductibles, and other factors.

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Does Homeowners Insurance Cover Collectibles? 

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Theft, damage during transport, or accidental breakage can devastate a collection that has taken years to assemble. So, if a piece is stolen or damaged while being transported for appraisal or exhibition, it likely wouldn’t be covered. We understand the unique risks and how to best insure these special items.

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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. Familiarising yourself with the various types can help you craft the most effective insurance package: – General Liability Insurance : Covers third-party bodily injury, property damage, and advertising injuries.

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A Comprehensive Overview of Surety Bonds

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In the event of a default, the principal must indemnify the surety for any costs or damages paid out to resolve the breach. In return for premium payments, the insurer agrees to compensate the insured for losses suffered due to specified risks, such as property damage or liability claims.

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