The above ground fuel oil tank located in your insured’s building’s basement was overfilled when the deliveryman was distracted while playing games on his smartphone. An inch of oil covered the floor around the tank and damaged the personal property that several tenants were storing in the area.
Coverage for storage tanks is often overlooked.
Property Owners, Coop Boards and Landlords research and deal with many different types of insurance policies for their property. One of the most commonly overlooked (and one of the most important) types of insurance is the umbrella insurance policy. It’s important to let your client’s know that primary coverage may not be enough to cover them in the event of a catastrophic claim. This is where their umbrella insurance would come into play.
The 2020 Hurricane season begins on June 1st! Now is a great time to remind your client’s to review their insurance coverage.
Most of the country is currently under some form of stay-at-home order due to the COVID-19 pandemic. Trying to stay on top of the CDC’s guidelines as well as local and state government orders is proving to be quite challenging.
For many of us, working from home during this pandemic is unfamiliar territory. What used to be a luxury for some, has now become a necessity for most.
