Distinguished Blog - Historic Properties

Market insights and industry news.

Impact of Losses to Historic Properties that Goes Beyond Physical Damage

When historic properties, such as hotels, country clubs, theatres, museums, commercial buildings and commercially operated historic homes, experience property damage due to a fire or other covered property loss, the potential fallout from such a loss goes way beyond having to repair or rebuild the structure. There are many insurance considerations to take into account…

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Why Historic Properties Require Specialized Business Interruption & Extra Expense Insurance

Historic properties require specialized Property insurance to make sure the costs involved to restore the property are covered. In addition, revenue-producing historic properties need Business Interruption (BI) and Extra Expense coverage tailored to address their unique exposures. Historic properties typically take more time to restore or rebuild after a covered property loss because of their…

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Understanding Property Insurance for Niche Markets

While Commercial Property coverage is an integral component of an insurance program for all businesses, the type of coverage secured depends on the niche market served and its exposures. Different policies protect against different risks. Some cover only those risks named in the policy, and others cover all risks except for those that are excluded.

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Covering Historic Properties in the Wake of Notre Dame

When a historic property is damaged, most will not receive a flood of donations to restore it to its original state, like the Notre Dame cathedral did. In a recent Insurance Journal podcast, Distinguished Program’s own Kurt Meister, senior VP, discusses the Historic Properties Program and the challenges of bringing a historic structure back.

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Notre-Dame Fire Highlights Historic Property Risks

We joined the world in an outpouring of grief as we watched the fire that tore through the Cathedral of Notre-Dame in Paris, causing the collapse of its central spire and much of its roof. The 850-year-old Gothic architectural masterpiece is a symbol of French culture and one of the most visited monuments in Paris…

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Construction Insurance in Today’s Growing Market

If you build it, they will come—but don’t forget about adequate liability coverage for new construction! As the construction sector keeps pace with the general real estate market, Distinguished’s senior vice president and program executive, Michael Thabet, weighs in on currents facets of the construction industry and what that means for today’s carriers and insureds….

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Distinguished Attends 2018 Historic Hotels Annual conference

It was an honor to sponsor and attend the 2018 Historic Hotels Annual conference at The Broadmoor, a beautiful historic hotel in Colorado Springs. Kurt Meister, SVP of Business Development, and Maryann Prestia, Vice President of Programs, at Distinguished attended this years annual conference.  In addition to meeting with historic hotel property owners and managers, Kurt presented…

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Historic Replacement Cost Coverage Video

Owners and managers of buildings with historic significance, fine detailing and unique features have the desire to replace damaged property with like-kind and quality materials and detailed workmanship. If you have a client or prospect with a historic building, it’s vital to educate them on the importance of having historic or guaranteed historic replacement cost coverage…

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