Remove Deductible Remove Liability Remove Underwriting
article thumbnail

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

Distinguished

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. General liability : Covers the costs of fighting litigation plus covered damages that might come from it.

article thumbnail

Management Liability Insurance: A Broker’s Guide 

Distinguished

This is why making sure executives are backed by comprehensive management liability insurance is so important. As a wholesale broker, understanding the intricacies of management liability insurance is essential to effectively guide your agents and clients through the process of securing the right coverage for their unique needs.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Management Liability Insurance: A Broker’s Guide 

Distinguished

This is why making sure executives are backed by comprehensive management liability insurance is so important. As a wholesale broker, understanding the intricacies of management liability insurance is essential to effectively guide your agents and clients through the process of securing the right coverage for their unique needs.

article thumbnail

Affordable Housing Insurance Challenges: Understanding the Market

Scott Insurance

The Hardening Property Insurance Market Since 2017, the property insurance market has been hardening, resulting in lower available limits, higher deductibles and increased premiums. Uneven investment profits causing insurers to pursue underwriting profit, which translates to stricter underwriting criteria and declined submissions.

article thumbnail

Mold: Impacts on the Affordable Housing Industry

Scott Insurance

Environmental / Pollution Environmental/pollution policies are available in the market and can contemplate both the first party (property) and third party (general liability – bodily injury/property damage) mold exposure. Generally, the only exception to this exclusion is if the mold results from another cause of loss (i.e.,

article thumbnail

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

Distinguished

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
article thumbnail

Affordable Housing’s Pull Cord Problem and the Unintended Insurance Ramifications

Scott Insurance

In our highly litigious society, the requirement for continual resident monitoring represents a significant liability for potential future legal action. Insurance companies have taken notice of this potential liability and have responded with action.

Premium 52