Your organization may be exposed to particular significant risks not covered in a basic property policy and its extensions. The gap can usually be repaired with an add-on rider, or endorsement.
| Special Exposure | Potential Problem | Recommended Solution |
|---|---|---|
| Building next to lake or river, or in area prone to sewer or water main breaks/backups | Damage by flood or water | Add flood and broad Form water damage coverage, if not included in standard policy |
| Objects of art offsite at conservator’s studio | Damage in transit or while otherwise off premises | Amend sublimit for property off premises (including transit) |
| School dependent on tuition revenue | Disruption of revenue stream after direct damage to property | Insure loss of tuitions & fees |
| Older structure that has not been renovated recently | Significant additional cost burden to repair or reconstruct in compliance with current code | Amend sublimit for increased cost of construction |
| Business without contingency office space | Significant additional expense to move and rent temporary office space when regular quarters are damaged and rendered unusable | Amend sublimit for additional expense |