Tag Archive: 2019

Unit Owners: Know Your Condo Coverage Options

November 1, 2019 3:00 pm Published by In this installment of our “Condo Month” series, we want to address the one predominant problem that we run into most often: a lack of adequate coverage for the unit owners. How can this be?  Well, most unit owners have purchased insurance to cover their personal property and loss of use of their unit.  But… View More

Halloween Alert: Vandalism and Malicious Mischief

October 29, 2019 3:27 pm Published by Trick or Treat? Or, perhaps more relevant for homeowners: Vacant or unoccupied? What’s the difference?  For insurance coverage purposes, “vacant” means without goods or personal property, while “unoccupied” means that no one is living in the premises. This is a critical distinction, because if a property is vacant for more than 60 days, you do… View More

Understanding the Complexities of ‘Improvements & Betterments’ Coverage

October 22, 2019 3:40 pm Published by Do you understand Improvements & Betterments (I&B) coverage?  If the answer is no, don’t feel bad.  Many insurance industry professionals don’t either!  And certainly, many policyholders are totally in the dark on this hard-to-grasp area of insurance.  Quite simply, I&B is one of the most difficult coverages to understand – for insurers, insureds, agents and… View More

Buyer Beware: the “Protective Safeguards” Endorsement and its Requirements

October 15, 2019 3:43 pm Published by Businessowners and homeowners: does your insurance policy contain a “Protective Safeguards” endorsement?  If so, there are a few requirements you absolutely must meet if you want to protect your ability to be covered in the event of a property loss. Protective Safeguards apply to both business and homeowner policies.  Essentially, the insurance company will give… View More

Vetting Your Vendors, Part 2

September 24, 2019 4:33 pm Published by When your property suffers a loss, you enter the insurance and property loss marketplace to pursue your claim.  This world is filled with professionals who provide wide-ranging services, many of which you need. How to choose? In Part 1 of this “Vetting the Vendors” series , we looked at board-up companies and restoration services.  Now let’s… View More