There may be claims made against the insured but not yet reported to the current carrier There may be pending claims the Insured is not aware of yet There may be “potential claims” which Insureds report to the current carrier;…
When we study the loss experience of cooperative or apartment buildings, we note that the most serious losses that occur are directly related to the work performed by contractors and their subcontractors. New York statutes and common law make the…
Guaranteed Replacement Cost = Full Coverage For Your Home! Most Homeowners policies are on an actual cost basis or replacement cost form. (Those will be discussed in another blog post) So is there something better than replacement cost? YES! Guaranteed Full…
If you’re at all familiar with the process of shopping for insurance for your business, it’s likely you’ve seen the terms “non-admitted” and “admitted” relative to how insurance carriers are classified. For the purposes of this article, the terms admitted…