Remove Inland Marine Remove Protection Remove Theft
article thumbnail

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

Distinguished

It protects against fire, lightning, hail, wind, theft, and vandalism, among other perils. In addition to physical damage or loss, a policy can be designed to reimburse an insured for taking protective measures resulting from the damage, such as debris removal and pollutant cleanup.

Policy 52
article thumbnail

The Role of Appraisals in Fine Art Insurance

Distinguished

A client’s fine art collection may represent their treasured possessions or important investments and requires specialized insurance to protect against losses caused by water, fire, vandalism, theft, transit, and natural disasters. Clients wouldn’t be fully protected unless they had updated appraisals and coverage.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Does Homeowners Insurance Cover Collectibles? 

Distinguished

Theft, damage during transport, or accidental breakage can devastate a collection that has taken years to assemble. Designed specifically for the needs of collectors, this specialized coverage offers protection tailored to the high values and distinct risks associated with collectible items. What is Collectibles Insurance?

article thumbnail

Rare Toy Insurance: A Guide for Collectors and Brokers 

Distinguished

This can include: Antique toys Rare collectibles Trading cards And more So whether your client collects classic GI Joe action figures or Victorian rocking horses, they should be able to get a collectibles insurance policy that will give them the protection they’re looking for.   How Do You Insure a Toy Collection?

Broker 52
article thumbnail

Builder’s Risk Insurance in Tennessee: A Broker’s Guide 

Distinguished

Job sites that are under construction are prone to things like fire, theft, and vandalism. What Risks Does Distinguished’s Builder’s Risk Insurance Protect Against? Distinguished offers protection against: Acts of God : Such as weather events that are beyond human control. Naturally, they must be named on the policy.

Risk 52
article thumbnail

Builder’s Risk Insurance in Michigan: Online Quotes, Coverages, and Costs 

Distinguished

Under-construction buildings can be prone to fire, vandalism, and theft, which can end up costing their backers and owners millions. General Contractors : As the primary overseer of the project, the general contractor needs protection against potential losses. However, alongside all of this construction comes large financial risks.

Risk 52
article thumbnail

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

Distinguished

We can consider weather related claims, but claims of theft, vandalism, and fire, for example, would be an automatic decline. If we are comfortable with our exposure, we may consider increasing the AOP deductible and the theft deductible , depending on the underwriting analysis. And in those cases, it would be a declination.

Risk 52