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An OCIP may provide a number of advantages to a construction project owner, including: [6] Lower costs to the property owner as bulk purchase of insurance lowers total cost; OCIP broker and underwriting insurer will enforce stringent safety and loss control procedures; Reduction in time required to obtain insurance certificates for contractors
With a lapse on your record, the insurance company may want a down payment or allow the policy to be billed to your mortgage company. If the carrier invoices the lender, verify coverage is already ...
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An insurance policy is a contract where the homeowner and insurance company agree that in exchange for a premium payment, the insurance company will provide compensation for the repairs or ...
But not all insurance policies are appropriate for your property type. Owners of single-family homes need different insurance than condo owners, and if you live in a co-op you have a very specific ...
Landlords' insurance is an insurance policy that covers a property owner from financial losses connected with rental properties. [1] The policy covers the building, with the option of insuring any contents that belong to the landlord that are inside.
Lexington Insurance Company announced that they will discontinue home insurance, sending another 8,000 property owners to search for a new insurer. Lexington specialized in homes worth $1+ million and Citizens will only insure property values less than $700,000, so Citizens was not an option.