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

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In this guide, we break down the key coverages every apartment building owner needs, highlight common claims, and show you how to offer tailored solutions that keep your clients protected in an ever-changing market. Earthquake and flood coverage : Provides protection for damage to the building and common areas caused by earthquakes or floods.

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Does Homeowners Insurance Cover Collectibles? 

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Designed specifically for the needs of collectors, this specialized coverage offers protection tailored to the high values and distinct risks associated with collectible items. For example, transit coverage , which protects items while they are being shipped or moved, is often excluded from homeowner’s policies.

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Can Both the Contractor and Property Owner Be Named Insureds on a Builder’s Risk Policy?

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Financial Interest and Named Insureds In a typical Builder’s Risk policy , the named insured is the entity that has a financial interest in the construction project. This could be the contractor, developer, or property owner, depending on who stands to suffer a financial loss if the property is damaged during construction.

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

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It not only protects the program, but also the reputation with both our carrier partners and customers. It’s important to monitor results and get ahead of future threats, and this can help minimize financial losses. The role and my view of risk management is critical to the success and performance of a program.

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Management Liability Insurance: A Broker’s Guide 

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With the proper knowledge and expertise, you can help protect your clients’ personal and corporate assets, attract top talent to their boards, and ensure compliance with contractual requirements. This coverage ensures that they are protected even if the company is unable to fulfill its indemnification obligations.