Broker Damage Inland Marine 
Distinguished
MAY 6, 2025
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?
Distinguished
FEBRUARY 10, 2025
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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Distinguished
AUGUST 5, 2024
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.
Distinguished
OCTOBER 31, 2024
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?
Distinguished
AUGUST 7, 2024
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.
Distinguished
OCTOBER 15, 2024
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.
Distinguished
OCTOBER 30, 2024
While Builder’s Risk policies for both types of projects offer similar coverage, such as insuring for damage to the structure from fire, theft, and other covered perils, there are important distinctions between residential and commercial coverage. Limits of up $20 million are available, depending on the construction type and state.
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