|By PR Newswire||
|March 12, 2014 03:05 PM EDT||
NEW YORK, March 12, 2014 /PRNewswire-USNewswire/ -- Damage to insured properties caused by the explosion in East Harlem, New York, earlier today are likely to be covered by standard property insurance policies, according to the Insurance Information Institute (I.I.I.).
Standard property insurance policies purchased by building owners, businesses and renters typically cover damage due to explosion, fire, smoke and building collapse. Coverage could include damage to the buildings themselves, damage to the inventory of any businesses in the buildings, and to the personal possessions of renters as well as the cost of additional living expenses for those who are unable to live in their apartments due to the destruction. In addition, in some circumstances business interruption/income coverage may apply.
Cars damaged by the explosion may be covered under the optional comprehension portion of an auto insurance policy.
To arrange a media interview on the topic, please call the I.I.I. press office at 212-346-5500.
The I.I.I.'s free mobile apps can help you create a disaster plan, learn about selecting the right insurance for your needs and budget, and create and maintain a home inventory. Learn more about our suite of apps here.
THE I.I.I. IS A NONPROFIT, COMMUNICATIONS ORGANIZATION SUPPORTED BY THE INSURANCE INDUSTRY.
Insurance Information Institute, 110 William Street, New York, NY 10038; (212) 346-5500; www.iii.org
New York Press Office: (212) 346-5500; [email protected]
SOURCE Insurance Information Institute
Nov. 30, 2015 03:45 PM EST
Nov. 30, 2015 03:30 PM EST
Nov. 30, 2015 03:15 PM EST Reads: 239
Nov. 30, 2015 03:00 PM EST Reads: 492
Nov. 30, 2015 02:00 PM EST Reads: 366
Nov. 30, 2015 01:45 PM EST Reads: 429
Nov. 30, 2015 01:45 PM EST Reads: 434
Nov. 30, 2015 01:00 PM EST Reads: 537
Nov. 30, 2015 12:45 PM EST Reads: 342
Nov. 30, 2015 12:45 PM EST Reads: 288
Nov. 30, 2015 11:00 AM EST Reads: 217
Nov. 30, 2015 10:45 AM EST Reads: 462
Nov. 30, 2015 10:30 AM EST Reads: 353
Nov. 30, 2015 10:00 AM EST Reads: 290
The cloud. Like a comic book superhero, there seems to be no problem it can’t fix or cost it can’t slash. Yet making the transition is not always easy and production environments are still largely on premise. Taking some practical and sensible steps to reduce risk can also help provide a basis for a successful cloud transition. A plethora of surveys from the likes of IDG and Gartner show that more than 70 percent of enterprises have deployed at least one or more cloud application or workload. Y...
Nov. 30, 2015 09:00 AM EST Reads: 506