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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? Inland marine insurance provides coverage for property that moves between locations.

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A Comprehensive Guide to Understanding Commercial Property Insurance

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Awareness in this area can prevent nasty surprises when you attempt to make a claim: – Flood Damage : Often requires separate coverage or endorsements, especially in flood-prone areas. – Inland Marine Insurance : Valuable for businesses frequently moving goods and equipment across locations.

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

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And with rising property values, more frequent catastrophic weather events, and emerging risks like habitability claims, its never been more critical to help your clients navigate their insurance options. What Kinds of Claims Get Made in Apartment Buildings As a team, weve seen all kinds of claims related to apartment buildings.

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Question on an ISR extension of coverage

Prof. Allan Manning

The point about the value of any salvage going to the insurer is to my mind only fair as to allow the insured to be claiming for something not damaged and then let them earn some cash on top of that is a bit rich. This is done via the use of a sub-limit and like most things in life you get what you pay for.

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

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We can consider weather related claims, but claims of theft, vandalism, and fire, for example, would be an automatic decline. What are some of the key factors you consider when determining appropriate coverage limits and deductibles? Properties in a high wind hail area may be subject to an increased wind deductible.

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What are the most important questions to ask when choosing business insurance?

Protect Commercial Insurance

– Potential deductibles and what’s financially viable if you need to make a claim. – Professional Liability Insurance : Also known as errors and omissions insurance, this covers claims of negligence or malpractice. – Should I invest in professional liability to cover potential claims of negligence?

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A Comprehensive Overview of Surety Bonds

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Principal’s Default: A claim under a surety bond arises only upon the default of the principal. While both serve as risk management tools, their operational mechanisms, purposes, and the way claims are handled differ significantly. Importantly, if the surety pays out a claim, they will seek reimbursement from the principal.

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