What is an insurable interest?
A person or entity has an insurable interest in something if loss or damage to it would cause that person a financial loss or an increase in liability exposure. As a building owner you have an insurable interest in the building(s) you own because in the event of loss or damage to the property you […]
What additional coverage should my Apartment Insurance Program cover?
As a landlord, your insurance policy protects you in the event of a catastrophic loss. Your basic commercial insurance program should provide coverage for your building, rental income and your landlord liability. As you review your declarations page, you may find other line items providing some additional coverage. Based on your personal risk profile and […]
The Honest Policy
What you don’t know won’t hurt you, right? Why ask the question if you can’t stand the answer? I just assumed I was going to be covered? These are all phrases you hear when one speaks of uncertainty. When the subject of AirBnB comes up in any conversation, there is always a bit of excitement […]
Are there different types of coverage for unlawful eviction suits, or is there a one-size-fits-all policy?
Wrongful or unlawful eviction is an insurable event under most general liability policies. Review your general liability policy, paying particular attention to the exclusions listed in the personal and advertising sections. If not specifically excluded from your policy, then coverage is afforded to the policy’s named insureds and additional insureds. Pretty simple right? Unfortunately, it […]
