Property Insurance Rates Are Increasing - How Will Your Building C.O.P.E?

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Property insurance rates have been steadily increasing for the past 18 consecutive quarters. While the worst of these rate increases are behind us, it is still a very difficult market. It is likely that you will see a rate increase at renewal. However, the size of that increase depends on factors such as whether your properties have had any losses and the risk profile of your buildings. There are four property risk characteristics (Construction, Occupancy, Protection and Exposure known as C.O.P.E), that are vital to underwriters when evaluating a submission for property insurance. C.O.P.E. ultimately affects the price you will pay for a commercial property insurance policy. Insurers use this data to identify factors that could cause an insurance company to experience a loss.

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Topics: Property Coverage

Trying to Insure Your Commercial Property? You Need to COPE

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If you are a commercial property owner in the process of trying to insure your property—whether it be an office building, apartment complex, or gas station, etc.—you need to be familiar with the acronym – C.O.P.E.

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Topics: Property Coverage

Top 8 Beneficial Builder's Risk Coverage Extensions

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Builder's Risk insurance is a type of insurance that provides coverage for buildings during the course of construction. This coverage protects insureds against damage or loss of equipment, materials, and/or fixtures used during construction or renovation; prior to the acceptance and delivery of the building to the owner.

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Topics: Builder's Risk, Property Coverage

The 4 Types of Property Coverages


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Contractors’ Property policies are used to cover the physical assets of your business and are tailored to meet the unique needs of each project. Here are some examples of these policies.

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Topics: Property Coverage

Basics of Builder's Risk - 5 Facts You Need To Know

 

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Builder's Risk insurance is a type of property insurance that provides coverage for buildings during the course of construction. This coverage protects insureds against damage or loss of equipment, materials, and/or fixtures used during construction or renovation. Coverage occurs prior to the acceptance and delivery of the building to the owner. In this blog post, you will learn about the basics of builder's risk, with 5 key facts. 

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Topics: Builder's Risk, Property Coverage

Understanding Builder’s Risk and What it Covers

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Builder’s Risk insurance applies to any building or structure that is under construction. The General Contractor or Project/Property owner often purchases this coverage. 

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Topics: Builder's Risk, Property Coverage