Insurances: Soft Cost, Business-related costs, Business interruption insurance and Agreed Cap Amount

Description

This Skill Bit covers essential soft costs in insurance, including engineering, financing, and legal fees, which are crucial for comprehensive coverage during property restoration. It also addresses business interruption insurance that compensates for lost income and expenses due to disruptions. Additionally, it highlights the importance of understanding agreed cap amounts, which denote maximum payouts for covered losses, ensuring policyholders grasp their coverage limits and potential compensation during recovery.

Duration approx. 5 Min.

Tier: proficiency