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When Vandals Trigger the Sprinklers: The Battle Over Resulting Losses

Property Insurance Coverage Law

When vandals triggered a sprinkler system in a vacant building, flooding it with over one million gallons of water, the result was not just property damage. Instead, it was a lawsuit that put the scope of all-risk commercial property insurance under scrutiny. The case ofEpperson v.

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When Vandals Trigger the Sprinklers: The Battle Over Resulting Losses

Property Insurance Coverage Law

When vandals triggered a sprinkler system in a vacant building, flooding it with over one million gallons of water, the result was not just property damage. Instead, it was a lawsuit that put the scope of all-risk commercial property insurance under scrutiny. The case ofEpperson v.

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​W​hy Business insurance?

Shield Insurance Agency

Protection Against Financial Loss It covers unexpected costs related to accidents, natural disasters, theft, lawsuits, and property damage, minimizing the financial impact of unforeseen events and helping to pay for costly damages and legal claims.

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The Importance of Commercial Property Insurance for UK Small Businesses

Protect Commercial Insurance

Definition and Scope Commercial property insurance is a policy designed to protect businesses from financial losses related to damage or destruction of their physical assets. This includes buildings, equipment, furnishings, inventory, and exterior fixtures.

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Renovations and Home Insurance: What You Need to Know

Boyle Agency Insurance

It provides coverage for property damage and theft of building materials during the renovation process. Standard home insurance policies typically have restrictions regarding vacant homes, and this specialized coverage can bridge the gap during renovation periods.

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Navigating Insurance Challenges in Affordable Housing: Rehabs vs. New Construction

Scott Insurance

Rehabs expose developers to heightened risks and, subsequently, higher insurance costs due to the complexities of simultaneously managing the property being rehabbed and the existing structures, e.g. any property not under construction (whether occupied or unoccupied). Consider a scenario where a rehab is underway.

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Business Owner’s Policy for Restaurants

Distinguished

Key benefits include: Property Coverage BOPs includes commercial property coverage, protecting business personal property and building structures against covered losses like fire, theft, or vandalism. A critical component of property insurance for restaurants is business income coverage.