Insurances: Property Damage Policy, Business Interruption and Defects Cover

Description

This Skill Bit outlines key aspects of property damage insurance, which protects physical assets from damage due to fire, theft, vandalism, and natural disasters, including business interruption coverage for lost income. It emphasizes the claims process, requiring evidence of damage for insurer investigation. Additionally, it covers defects insurance for builders, addressing structural damage and faulty workmanship post-completion, providing financial security during the defects liability period.

Duration approx. 4 Min.

Tier: proficiency