It's the insurance agent or broker's job to explain a policy to the buyer, including the available endorsements, and they need to know which endorsement best fits the clients situation.
The general class is stable, but extra capacity has contributed to a buyers market. In addition, agents and brokers will find some transportation accounts tough to write because of increased losses.
Historic Ellicott City, Md., changed from an enchanting town into a horrifying flood scene in a matter of moments as heavy rains created rushing floodwaters several feet high on Saturday night.
Unambiguous language in a 'change in condition' endorsement means that the property owner had no coverage for water damage from frozen pipes as soon as a building became vacant.