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Insurance Watch
| 题名： | Insurance Watch |
| 正文语种： | eng |
| 作者： | Chris Richmond |
| 摘要： | When a boatyard makes an investment in purchasing a building, most likely the company will have the structure insured. But just because you purchase property coverage does not mean that your building is insured for all potential hazards. Two big exclusions on property insurance forms are flood and earth movement, both of which can pose a significant threat to your building. First things first. (This is a long but important sentence.) The insurance definition of a flood is a general and temporary condition of partial or complete inundation of two or more acres of normally dry land area or two or more properties from overflow of inland or tidal waters, rapid accumulation or runoff of surface waters from any source, mudflow, collapse or subsidence of land along the shore of a lake or similar body of water as a result of erosion or undermining caused by waves or currents or water exceeding anticipate cyclical levels that result in a flood as defined as above. |
| 出版年： | 2021 |
| 期刊名称： | Work Boat |
| 卷： | 78 |
| 期： | 7 |
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