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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

From kitchen fires and equipment breakdowns to liability claims and utility outages, restaurants operate in an environment where a single incident can lead to costly interruptions or legal exposure. fire suppression, alarms) Distinguished also provides access to underwriters who specialize in hospitality risks.

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Best Landlord Insurance In Wyoming For Your Rental Property!

Simply Insurance

If youre renting a property, your landlord insurance policy will cover the structure and land and provide enhanced general liability insurance to ensure you dont have to worry about legal costs. Property owners may have to consider additional protection against these sorts of claims.

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Best Homeowners Insurance In Maryland To Cover Your Home

Simply Insurance

For example, if you have a $250,000 limit on your policy, that means the insurer will only pay out up to $250,000 in the event of a covered claim. If you have a $1,000 deductible, you will need to pay the first $1,000 of any covered claim yourself. The first step is to contact your insurance company and start the claims process.

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Restaurant Insurance in Charlotte, North Carolina: A Broker’s Guide

Distinguished

Over-serving of alcohol: Restaurants can face legal and financial fallout if the alleged over-serving of a patron leads to property damage or a car accident. Slip-and-fall incidents: High foot traffic in dining areas and restrooms increases the risk of customer or employee injuries, which can lead to costly liability claims.

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Best Landlord Insurance In West Virginia For Your Rental Property!

Simply Insurance

If youre renting a property, your landlord insurance policy will cover the structure and land and provide enhanced general liability insurance to ensure you dont have to worry about legal costs. Property owners may have to consider additional protection against these sorts of claims.

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Court Finds Policy Term, “Windstorm,” to be Ambiguous in Coverage Dispute Involving Tornado

The Property Insurance Law Observer

Privilege Underwriters Reciprocal Exchange (2024 WL 322297 (Tex. The insureds suffered property damage caused by a tornado and subsequently submitted a claim to their insurer. Texas cases have uniformly applied windstorm coverage to damage caused by tornadoes. In Mankoff v. Dallas Jan. That provision stated: 5.

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