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

Scott Insurance

If heavy machinery is used in proximity to the existing apartment buildings, it raises the potential for accidents or property damage. This increases costs and can even lead to insurer disputes in the event of a claim if the insurers disagree on whose insured property was damaged. Consider a scenario where a rehab is underway.

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

Distinguished

Unlike single-family homes, apartment complexes face heightened risks damage from one unit can quickly spread to others, liability claims can stem from common areas, and evolving building codes can demand costly upgrades. The court awarded her a staggering $13 million in damages.

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Housing Code Violations in Philadelphia: An Interview with Katie Vespia

Distinguished

Other common violations include sanitation and plumbing issues , such as leaking pipes that lead to water damage and mold growth, as well as problems with sewage and drainage systems. These legal factors are critical when it comes to determining liability in cases where unresolved violations have led to damages or injuries.

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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.

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Mastering Inland Marine Insurance: A Broker’s Guide

Distinguished

This guarantees businesses arent left vulnerable to losses from theft, damage, or accidents. A stolen excavator can delay an entire construction project, a damaged HVAC system in transit can leave a building unfinished, and a trucking accident can result in both vehicle loss and undelivered cargo.

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Housing Code Violations in Los Angeles: An Interview with Katie Vespia 

Distinguished

In Los Angeles, housing code violations present challenges that affect property safety, compliance, and insurance underwriting. Along with this, mold and water damage often due to leaking pipes, poor ventilation, or roof damageposes serious health hazards if not promptly repaired. Pest infestations are also widespread.

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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?