Remove Financial Loss Remove Inland Marine Remove Insurance Policy
article thumbnail

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

Distinguished

Fortunately, the property owner had Ordinance or Law Coverage A as part of their insurance policy, allowing them to receive the full building limit for the loss. Crime insurance : Protects against financial losses caused by theft, burglary, or employee dishonesty, covering stolen money, securities, or property.

article thumbnail

Does Homeowners Insurance Cover Collectibles? 

Distinguished

Unfortunately, these unique risks are rarely appropriately covered by standard homeowner insurance policies. Avid collectors who rely on their homeowner’s policy are likely to encounter low coverage limits — if their collectibles are covered at all. For most, this will mean a collectibles policy.

Insured 52
article thumbnail

Management Liability Insurance: A Broker’s Guide 

Distinguished

Having a comprehensive management liability insurance policy in place can help attract and retain board members who might otherwise be hesitant to take on such roles. Attract high-quality board members : Serving on a company’s board of directors comes with significant responsibilities and potential liabilities.