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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. 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.

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Builder’s Risk Insurance Declinations: An Interview With Susan DeCarlo

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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.

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Does Homeowners Insurance Cover Collectibles? 

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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. 

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Management Liability Insurance: A Broker’s Guide 

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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.