What is an example of property insurance?

Storm damage caused water to leak through a hole in the iron roofing inside a community group’s building, which damaged support beams and the ceiling.

The Property and Asset cover placed with us meant the damage, worth over $2,000, was covered. This can be quite a large sum of money for a small community group which is why we highly recommend this cover. Also, this type of insured event did not require the payment of an excess.

Broken windows are a common property claim for community groups whose buildings are commonly accessible to the public and more often than not exposed during off-seasons. Due to this they are also at higher risk of vandalism.

Over time our client have made many broken window claims which has means our clients simply do not need to incur the sometimes repeated cost of replacement when covered by our Property and Asset policy.

The bar and general area of one of our client’s clubrooms was damaged when the premises was flooded following an overnight leak from their ice maker, occurring when the premises was unoccupied. Water flowed for some time until discovered by cleaners early next morning. Thankfully, the Property and Asset policy provided to the group by us able to cover their repair costs which were over $10,000.

SecureNow Insurance Broker Pvt. Ltd. IRDAI Certificate No: 425, Date of License: 2nd Dec, 2020, License valid till 1st Dec, 2023, Registered Address: C4/4 Safdarjung Dev Area, New Delhi 110016, Principal Officer: Abhishek Bondia, Contact Details of Principal Officer: +91 9696683999,

Directors: Abhishek Bondia and Kapil Mehta, Category of License: Direct, Insurance is the subject matter of solicitation

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Property Insurance, Comprehensive General Liability, Crime, Property Manager’s Errors & Omissions, Miscellaneous Errors & Omissions, Umbrella, Boiler/Machinery, and Directors & Officers Liability.","Fire and Personal Property Insurance covering against any loss or damage to the office space used by Contractor for any reason under this Contract, and the equipment, software and other contents of such office space, including without limitation, those contents used by Contractor to provide the Services to the State, up to the replacement value thereof, where such office space and its contents are under the care, custody and control of Contractor.","The Property Insurance shall be on a worldwide basis and name Us as the loss payee with respect to the Equipment and shall cover all risks of loss of, or damage or destruction to, the Equipment.","Ratemaking3 Insurance Marketing4 Underwriting5 Underwriting Property Insurance Exam 2 tentatively scheduled for Nov.","Notwithstanding anything to the contrary in this paragraph, all Property Insurance Proceeds shall be paid and applied as this Lease provides.","The Property Insurance shall be primary coverage over Our insurance.","Citizens’ Contact for Task Order Xxxxx Xxxxxx Citizens Property Insurance Corporation 000 X.","Contractor shall furnish any original Evidence of Property Insurance form evidencing the required Builder’s Risk coverage to be in force on the date of this construction permit, and any renewal Evidence of Property Insurance form if coverage has an expiration or renewal date occurring during the term of the permit.","NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2020 Note 9: Risk Management (Continued) Property Insurance The City of Rosemead participates in the all-risk property protection program of the Authority.","The State shall be responsible for the amount of an insured loss under the Property Insurance Buyback Policy, up to the amount of the deductible and shall reimburse Amtrak accordingly at the time of the insured loss."],"id":"property-insurance","title":"Property Insurance"},"groups":[{"samples":[{"uri":"/contracts/6k9xZSQzFaM#property-insurance","label":"Multifamily Loan and Security Agreement (Steadfast Income REIT, Inc.)","score":21},{"uri":"/contracts/lvYVIaMNXs8#property-insurance","label":"Multifamily Loan and Security Agreement (Steadfast Apartment REIT, Inc.)","score":21},{"uri":"/contracts/7MhgMvSZ4HI#property-insurance","label":"Multifamily Loan and Security Agreement (Steadfast Apartment REIT, Inc.)","score":21}],"size":66,"snippetLinks":[{"key":"defined-in-section","type":"clause","offset":[3,21]}],"snippet":"is defined in Section 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insurance providing coverage for the Sports Park, all of the Sports Park Improvements, and all Building Equipment, against loss, damage, or destruction by fire and other hazards encompassed under the broadest form of property insurance coverage then customarily used for like properties in the County (except earthquake or war risk) from time to time during the Term, in an amount equal to 100% of the replacement value (without deduction for depreciation) of all of the Sports Park Improvements and all Building Equipment (excluding excavations and foundations) and in any event sufficient to avoid co- insurance, with “ordinance or law” coverage. Such insurance may contain a deductible clause not exceeding $10,000 multiplied by the CPI Adjustment Factor. To the extent customary for like properties in the County at the time, such insurance shall include coverage for earthquake; coverage for explosion of steam and pressure boilers and similar apparatus located at the Sports Park; coverage for terrorism; an “increased cost of Construction” endorsement; and an endorsement covering demolition and cost of debris removal. 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