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Mastering Inland Marine Insurance: A Broker’s Guide

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Without inland marine coverage, these businesses would face significant financial losses that standard property insurance doesnt cover. Despite its name, inland marine insurance has nothing to do with boats. What is Inland Marine Insurance? Who Needs Inland Marine Insurance?

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Insuring Collectibles in New York

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Whats Covered The policy covers a wide range of risks for direct physical damage, including fire and theft, under an all-risk policy structure with broad coverage. Specific hazards, typically on a location basis, may be restricted, like water damage for flood-prone areas or basement and first-floor storage.

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Landlord Insurance: Costs and Coverages in the City

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Insurance agents and brokers looking to get more business from landlord clients will need access to a program that can insure multiple units or buildings, including a mix of landlord, commercial, and tenant-occupied spaces. Sewer and drain backup : Water damage caused by backups. What is Landlord Insurance?

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Rare Toy Insurance: A Guide for Collectors and Brokers 

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These drawbacks include: No protections outside the home : If a collectible goes missing or is damaged while it is outside of your client’s home, like on the way to auction, then it may not be covered.  If your client owns a toy that is worth tens of thousands of dollars, they might not be reimbursed for the full cost should it get damaged. 

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Key Strategies for Protecting Your Collection

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Notify your insurer and broker as soon as possible, detailing how, when, and where the loss occurred and what property may be damaged. Insurance companies often have resources that can be dispatched immediately to help mitigate the damages and prevent additional losses. Strategies for keeping people safe?

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Distinguished Programs Announces New Sustainability Initiatives in Fine Art & Collectibles Program 

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Additionally, art and collectibles dealers who use sustainable crates and packing materials are eligible for additional coverage for loss or damage to reusable crates or packing materials. Brokers are welcome to submit business and view state availability on the Distinguished website.

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

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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. In this case, the owner is covered for the physical damage to the property (e.g., damage to the structure under construction). We’ll get back to you with a quote.