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

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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. Crime insurance : Protects against financial losses caused by theft, burglary, or employee dishonesty, covering stolen money, securities, or property.

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

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If we are comfortable with our exposure, we may consider increasing the AOP deductible and the theft deductible , depending on the underwriting analysis. Are there any emerging trends in the construction industry that are impacting builder’s risk underwriting? 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. Our team combines deep expertise across collection categories with flexibility in underwriting and customizing coverage. 

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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.