Remove Damage Remove Property Damage Remove Underwriting
article thumbnail

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.

article thumbnail

Business Owner’s Policy for Restaurants

Distinguished

General liability coverage protects against third-party claims involving bodily injury, property damage, or advertising injury from slip-and-fall accidents to food-related complaints. fire suppression, alarms) Distinguished also provides access to underwriters who specialize in hospitality risks. What Doesn’t a BOP Cover?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Best Homeowners Insurance In Maryland To Cover Your Home

Simply Insurance

Home insurance covers your personal property and liability if you are legally liable for injuries or damages caused to someone else. Dwelling Coverage This type of coverage is used to repair or rebuild your home when damage from a covered loss to the physical structure of your home happens.

article thumbnail

Landlord Insurance in Ohio: Get a Quote from Distinguished

Distinguished

Some of the most common claims we see in the state include: Frozen pipes in winter that cause water damage to basements or walls. Wind or hail damage to siding and roofing systems. Sewer backups in older properties with aging infrastructure. Sewer and drain backup: Protection for water damage from backed-up systems.

article thumbnail

Best Homeowners Insurance In Illinois To Cover Your Home

Simply Insurance

Home insurance covers your personal property and liability if you are legally liable for injuries or damages caused to someone else. Dwelling Coverage This type of coverage is used to repair or rebuild your home when damage from a covered loss to the physical structure of your home happens.

article thumbnail

Best Homeowners Insurance In Arizona To Cover Your Home!

Simply Insurance

Home insurance covers your personal property and liability if you are legally liable for injuries or damages caused to someone else. Dwelling Coverage This type of coverage is used to repair or rebuild your home when damage from a covered loss to the physical structure of your home happens.

article thumbnail

Best Landlord Insurance In West Virginia For Your Rental Property!

Simply Insurance

An Open Peril Policy means your coverage will cover damage caused by anything other than items on the prohibited list. 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.