AP Blog

By Jason Wissmiller, 08/11/2020
We often receive phone calls from clients and prospects asking for a general liability policy to satisfy an insurance requirement in a contract, such as an airport lease. Like most insurance products, clients buy an aviation general liability policy with little knowledge of what the policy actually covers. In...
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By Mark Holt, 08/03/2020
N-95 masks have been the subject of increased focus by OSHA. These masks were originally designed for industrial use in sectors such as mining, construction, painting and manufacturing. Designed to filter out airborne particulates, they have a logical place in the healthcare setting to control airborne diseases...
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By Trevor Gilstrap, 07/29/2020
Fracking is a method that has been in use for decades but has become the hot buzz word in recent years, and is the alleged cause of everything from tainted water to silicosis. Regardless of your opinion on these growing allegations, these types of lawsuits from upset citizens are increasing throughout the...
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By Chris Pavone, 07/28/2020
Trucking’s role in keeping goods, materials and the economy rolling during the global pandemic has been nothing short of phenomenal and will certainly play a role in re-establishing “normal” supply lines depleted by hoarding households and profiteering resellers. Hopefully, everyone in the...
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Growing rates of healthcare workers are experiencing physical and psychological injury as a result of workplace violence related to resident care. A staggering 95% of healthcare workers have reported exposure to aggression. However, research has found that workplace violence is underreported, signifying that...
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07/15/2020
When setting up a flying club, or managing an existing flying club, there are several things you can do to make yourself more attractive to an underwriter. By making yourself more desirable to an underwriter, you can maximize your coverage and minimize the premiums you pay. Here are our Top 10 Flying Club...
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By Nathanael Alexander, Esq., 07/14/2020
On July 8, 2020, by a vote of 7-2, the Supreme Court of the United States (SCOTUS) in their Little Sisters of the Poor decision upheld Trump administration rules permitting employers to decline contraceptive coverage (including preventative health services, birth control pills, IUDs, etc.) on the basis of...
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By Nathanael Alexander, Esq., 07/08/2020
On June 15, 2020, the Supreme Court of the United States (SCOTUS) held in Bostock v. Clayton County, Georgia that Title VII of the Civil Rights Act of 1964 bars an employer from firing an individual merely for being gay or transgender. In its ruling, the Court noted that it is “impossible to discriminate...
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By Gina Ekstam, 07/08/2020
Agribusiness worksites, shared worker housing, and shared worker vehicles present unique challenges for preventing and controlling the spread of COVID-19. Joint guidance by the CDC and DOL provides a template that employers can adapt to protect their workers. Through thoughtful planning, it is possible to...
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By Nathanael Alexander, Esq., 07/02/2020
Due to the COVID-19 pandemic, countless employees with young children have opted to utilize the time off provisions of the Families First Coronavirus Response Act (FFCRA) in order to provide care to their children in lieu of school and day care center closures nationwide. Now that schools are closed and a vast...
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Insurance Coverage to Help You Rebuild After a Loss
05/19/2020

When looking at coverage limits, you may question why your home’s value is so much higher than the current construction cost or that of purchasing a new home of like kind and quality.  The difference between the market value and the insured value/reconstruction costs are due to the difference in costs that will be incurred when your home needs to be rebuilt. This includes the removal and disposal of debris, the cost involved in actual damages and the disaster clean up.

Most contractors have supplies and logistics already in place for future projects. In a situation of loss, the contractor will have to redirect and may reorder new supplies to tend to your individual loss. When a loss like this occurs, it becomes a priority to you and the contractor. This will forgo the time they usually have to negotiate rates on supplies and materials as the project is taking precedent and needs to be completed as quickly as possible.

After a loss, the use of a specialist could also be needed to rebuild your home. These specialists and additional accommodations may include:

  • Engineers and Architects
  • Post-Disaster Contractors
  • Mold Specialist
  • Debris Removal
  • Storage for any items that are salvaged
  • Landscaping Specialist
  • Specialist for any custom work
  • Management company to find substitute living arrangements

Recovering from a disaster of any type can be stressful.  The last thing you want is to have insurance coverage that doesn’t take into consideration all that goes into rebuilding a home.  You can prepare now by reviewing your current policy and looking for guaranteed replacement cost.  Guaranteed replacement cost will pay for the full cost of rebuilding your home. To learn more about guaranteed replacement cost and other key coverages to protect your personal assets, visit AssuredPartners Personal Insurance.