Tag Archive: 2020

It’s All About (Builder’s) Risk

April 7, 2020 6:19 pm Published by Leave your thoughts Builders, developers and businesspeople who “flip properties” are accustomed to taking chances.  After all, the very nature of the real estate renovation business is speculative.  So, they’re comfortable carrying some risk.  That doesn’t mean these risk takers should take unnecessary risk, especially when their investments are on the line.  And yet, when it comes to… View More

Does Business Interruption Coverage Help You Recoup Lost Income Due to Coronavirus?

March 20, 2020 6:44 pm Published by Leave your thoughts Businesses across the country are shutting down or facing serious losses in income due to the Coronavirus epidemic.  In the face of business closures and other disruptions, business owners are asking their insurance agents what protection their policies might have to carry them through this crisis.  One of the areas these distressed business people are… View More

Commercial Collapse

March 17, 2020 6:49 pm Published by Leave your thoughts In a previous blog, we discussed the Collapse coverage from the standpoint of a homeowner’s insurance policy.  In this blog, we will discuss Collapse in the Commercial policies. The two policies that cover most commercial properties are the Businessowners Coverage Form (BP 00 03) or the Causes of Loss – Special Form (CP 10 30). … View More

SMW’s Diane Swerling’s Featured Article in Condo Media Magazine

March 2, 2020 1:10 pm Published by Leave your thoughts Property managers and condominium boards – do your due diligence to ensure that your condominiums have the right coverage.  This means understanding what coverage you have, and what you need. Remember: short money means short-sighted! Every year, your insurance carrier should send out a “renewal” letter.  This is the perfect time to ask the tough… View More

Read The Full Policy!

February 18, 2020 1:22 pm Published by Leave your thoughts RTFP – Read The Full Policy! This is sage advice.  We were recently reminded of the importance of reading the full policy on a recent claim.  Leading insurance consultant Bill Wilson spoke at the 2019 NAPIA mid-year convention in December, and it was instructive.  Bill’s take was a tad more colorful – “Read the F#@*%ing… View More

Business Interruption Coverage: Part IV – Real-World Examples of How it Applies to Your Business

February 11, 2020 1:31 pm Published by Leave your thoughts In Part III of our multi-part series on Business Interruption coverage, we offered some real-life examples of BI coverage at work. To continue this examination, Part IV of this BI series looks at an additional aspect of BI – “Saved Expenses” – that business owners might encounter in their BI coverage. Saved Expenses As a… View More

Know the Top Challenges You’ll Face in the Personal Property Claims Process

February 4, 2020 1:35 pm Published by Leave your thoughts When your personal property is damaged or destroyed in a fire or other event, you must undertake an extensive process to ready your claim for submission to the insurance company. Preparing a personal property claim the right way requires you (or, ideally, your public adjuster) to put together a detailed and thorough claim – which… View More