Understanding what is covered, what is not, and how to fill the insurance gaps. There are specialized environmental insurance policies available to fill the coverage gaps of property owners, but for the same reasons more than 90 percent of restoration firms are sold GL policies with fundamental insurance coverage gaps for CAT work, at least 95 percent of property owners are needlessly underinsured for flood/mold/fungi/bacteria and Category 3 water related losses. The root cause of the insurance problem is insurance agents have not learned the subject matter necessary to deal with the coverage gaps created by fungi bacteria, category 3 water exclusions.
Catastrophes, while terrible for people in the affected area, produce a lot of restoration and remediation work in a concentrated area, making them an incredible business opportunity for restoration contractors.
Working catastrophe claims (CAT claims) is a place where a restoration contractor can really help people put their lives back together. The more you can do as their contractor to help the situation along as smoothly as possible, the better.
The role of insurance in CAT claims
The insurance mechanism is designed to provide indemnity for losses incurred from catastrophic events such as wildfires, tornados, hurricanes, lightning strikes, and the list goes on and on. A majority of damages from CAT events are paid for by property policies or flood insurance policies if that coverage has been purchased. For that reason, it is in your best interest to understand what and how these policies provide coverage for various CAT claims, because in the end, that is how you get your paycheck.
Understanding your client’s property insurance policies
Property insurance policies, as I’m sure you’re aware, are designed to cover losses to real property and personal property (AKA buildings and people’s stuff). A majority of residential and commercial property policies are on what is referred to as a Special Form or All Risks Coverage. The policy states the insurance company will insure for accidental direct physical loss to covered property except for losses not covered in the exclusions section of the policy. That may sound like a pretty good deal; however, you would be surprised at the significant gaps in coverage on standard property policies. Things such as flood, sewage backup, fungus/mold, bacteria, and Category 3 water because of the bacteria it contains are commonly either excluded or subject to a very small limit of liability on property insurance policies.
The following language was taken from a commercial property policy written by a well-known standard commercial property insurer. It is a fungus (mold), wet rot, dry rot, and bacteria exclusion:
Read the full article HERE

MonteIgnop says:
otc ed drugs
JeffreyTwist says:
how to make ivermectin ivermectin sheep drench ivermectin 0.5
JeffreyTwist says:
ivermectin strongyloides how much ivermectin to give a dog with sarcoptic mange can you use ivermectin on cats
JeffreyTwist says:
peak prosperity ivermectin ivermectin for lice in humans ivermectin pills for humans
JeffreyTwist says:
ed pills cheap viagra without a doctor prescription walmart buy ed pills online
JeffreyTwist says:
cost of cialis in canada how to get cialis for free soft gel cialis
JeffreyTwist says:
ivermectin pill for scabies ivermectin lung cancer ivermectin fleet farm
JeffreyTwist says:
ivermectin drops stromectol xl heartgard ivermectin
JeffreyTwist says:
buy prescription drugs online without ed aids can ed be cured
RogerSnono says:
ivermectin at tractor supply topical ivermectin how to get ivermectin prescription
RogerSnono says:
non prescription ed pills pills for erection top ed drugs
RogerSnono says:
ivermectin oral for dogs ivermectin cream canada cost ivermectin warnings
RogerSnono says:
buying ed pills online cheap erectile dysfunction pill cure ed
RogerSnono says:
ivermectin pour on for chickens ivermectin equine ivermectin paste for humans
RogerSnono says:
ed medication medications for ed natural ed medications
RogerSnono says:
where can i buy stromectol durvet ivermectin pour on how long does ivermectin take to work
NormanNenty says:
overseas pharmacies online buy medication online from india trusted india online pharmacies
NormanNenty says:
trusted india online pharmacies india pharmacies shipping to usa meds online without doctor prescription
Johnnyscefs says:
clomid for sale canada clomid for sale canada clomid tablets
Johnnyscefs says:
prescribing stromectol ivermectin without a doctor prescription ivermectin without a doctor prescription
Johnnyscefs says:
buy tadalafil online best price for daily cialis tadalafil without a doctor’s prescription
Johnnyscefs says:
where to buy cheap clomid online clomid for sale clomid
Johnnyscefs says:
buy clomid 50mg buy clomid buy clomid 50mg
Johnnyscefs says:
stromectol for humans for sale stromectol 12 mg tablets stromectol without a doctor prescription
EddiePlumb says:
stromectol 12 mg tablets stromectol for sale ivermectin for tapeworms
EddiePlumb says:
ivermectin in canada ivermectin paste for ear mites in horses stromectol for sale
EddiePlumb says:
stromectol tablets for humans stromectol for sale stromectol tablets for humans
Michaelfap says:
online doctor prescription for viagra buy real viagra online п»їviagra pills
Michaelfap says:
price of viagra viagra pills viagra cost