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Umbrella Insurance

Casino Umbrella Insurance: The Safe Bet

Walk into any casino or hotel-casino, and you are immediately transported to another reality by the barrage of noises from the spins of slot machines, the ding and dong of games, coins hitting metal, and the pitter-patter of the those running the games. There’s also the hustle and bustle of the wait staff and the…

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Umbrella Insurance: What It Is and What It Covers

Everyone has heard of a lawsuit horror story that cost a family or business millions of dollars in fees and damages. Umbrella insurance policies help cover those extraordinary costs so that your clients can sleep well knowing they aren’t one accident away from insolvency.  However, not everyone knows what an umbrella policy is or how…

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Resort Insurance: Why High-Limit Umbrella Coverage Is Essential

In this article, we will explore the key differentiator in a robust resort insurance program – the umbrella policy. Americans hit the road and took to the skies in earnest this summer, with resorts filling up fast  following two years of the pandemic which hit the hospitality and tourism industries hard. Whether it’s a trip…

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Real Estate Umbrella Insurance: A Primer for Brokers

In 2020, the US experienced around 380,000 fires in residential buildings, including homes, multi-family homes, and apartments. Each one of those incidents could be grounds for litigation that cost property owners millions in damages. That’s why it’s important companies have robust and comprehensive insurance policies protecting them from fire and life safety suits, as well…

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The Importance of Program Stability in Real Estate Umbrella Insurance

The hard insurance market over the last several years has been characterized by rate increases, diminished capacity, and carriers exiting certain niche markets and lines of business. This has caused challenges for retail agents in finding a home for new business and renewals. Real Estate Umbrella insurance, like most product lines, hasn’t been spared from…

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How to Sell Real Estate Umbrella Insurance

There are several hazards a property owner faces that could result in a catastrophic liability lawsuit. This includes attractive nuisances (open access to a swimming pool, for example), elevator or escalator malfunction, inadequate security, negligent property maintenance, premises in disrepair, and unprotected slip hazards (such as spills or recently cleaned floors), among others. To determine…

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The Case for Higher-Limit Real Estate Umbrella Insurance

Property owners face a number of exposures that could result in a catastrophic liability lawsuit, making the case for ensuring vigilant maintenance of safety and security measures and for purchasing higher-limit Real Estate Umbrella insurance. Exposures include attractive nuisances (such as open access to a swimming pool), elevator or escalator malfunction, insufficient security, negligent property…

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Express Umbrella Insurance Q+A [Webinar Recording]

We enjoyed talking with insurance brokers during our latest webinar, a 30-minute session entitled, “Build Your Business: Community Association & Small Real Estate Umbrella Coverage.” Watch the full webinar recording below: Our attendees challenged us with questions that went right to the heart of their current business issues. The session covered a broad range of…

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3 Reasons Umbrella Insurance for Rental Properties is Essential

If you were to skydive, would you want one chute or two? The obvious answer is two because skydiving is a calculated risk, and if something were to go wrong, you’d want a backup. Landlords often think they’re financially protected from lawsuits because they already have one chute: landlord insurance. However, sometimes, landlord insurance isn’t…

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Top 3 Real Estate Risk Exposures for Property Owners

What are the top risk exposures real estate property owners & managers face? The sources of top liability exposures for residential and commercial real estate include: sidewalks, parking lots and parking structures, pools, playgrounds, and elevators. Slips and falls, drownings, and assaults and other security issues often result from negligent property maintenance, unprotected slip hazards,…

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