Shepard Insurance Insights
Category: Home Insurance
Co-operative and Condominium Building’s Master Insurance Policy
If you have a client getting ready to close on a Co-op or Condo, they may have some questions about the type of insurance they need to purchase. A closing attorney can usually help the buyer to understand what the by-laws state and do a review of the building's master policy, but there are definite [...]
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Adding to the Valuable Articles List- Golf Clubs
The newest entry to the list of items that are considered unique and valuable are golf clubs. In years past, a good set of sticks would never eclipse $1,500, which would make setting up special coverage highly questionable, and probably less than your deductible. If they were lost or stolen, it would be unfortunate, but [...]
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Displacement- How are you covered?
It is routine in New York City with high rises that they experience water damage from a leaky toilet or a gusher from a neighbor doing renovations. The resulting damage from above can stretch from minor aggravation to having to move out of your property while the repairs are completed. It is of little surprise [...]
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Cold Weather = Frozen Pipes
January and February are typically the months with the coldest temperatures across the United States. When a cold snap occurs pipes freeze and burst. Frozen pipes are the most common and destructive causes of water damage. Even a small leak can cause extensive damage if undetected for a few hours. To avoid a frozen pipe [...]
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Global Warming – Our Little Obsession
It is understandable being coastal that we at Shepard Insurance work diligently to be experts on water damage losses, flood zones , and then flood insurance coverage. Some may call it a bit of an obsession. Did you know that water levels in Connecticut have risen by five inches since 1964? There is more- The [...]
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Hidden Exposures for Luxury Owners
New York City is home to many luxury town homes, co-ops and condominiums. What has been a relatively simple insurance choice to insure these properties has become a more complicated decision with the significant increase in water damage claims. What is the issue? In a world with Global Warming where coastal properties face a growing [...]
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