Distinguished

MARCH 20, 2025

It also shows that being aware of any separate deductibles for wind or hail is an important part of assessing your clients coverage options. 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.

Building 52

Building Protection Damage Liability 52

Distinguished

SEPTEMBER 17, 2024

What are some of the key factors you consider when determining appropriate coverage limits and deductibles? If we are comfortable with our exposure, we may consider increasing the AOP deductible and the theft deductible , depending on the underwriting analysis. So specific to limits, I just mentioned security.

Risk 52

Risk Broker-Agent Deductible Insurer 52

Distinguished

JULY 22, 2024

In the case of a catastrophic loss, art pieces worth thousands of dollars would only be covered up to that low per-item limit, leaving the collector with significant financial losses. Other considerations include the insurance company’s ratings and loss experience. 

Insurer 52

Insurer Insured Insurance Policy 52

Distinguished

JANUARY 28, 2025

Provide indemnity in case of financial loss or bankruptcy : In the event of a company’s complete financial loss or bankruptcy, management liability insurance can provide indemnity to directors and officers. Property and Liability products are distributed through a national network of agents and brokers.

Liability Insurance 52

Liability Insurance Liability Broker-Agent Insurer 52