Non-life insurance, where in-kind insurance and equipment coverage (boilers and machinery) are written on the insured land. Some losses may include the two coverages that allow each insurer to argue over who is responsible for which portion of the loss. In the event of a dispute, the insured has not been compensated. If there is a CPC and a separate policy for equipment failure, a loss may cover and trigger both types of coverage. Two participating airlines have the option of delaying any loss payments, as carriers seek to collect the incident and decide which airline must pay the bulk of the debt. This is where common agreement or litigation comes in. If the insurance required at points 9.1 (2), 3) and 8 is not provided for in a single policy, a common loss agreement between separate policies must be provided for each policy. Whenever the property can be covered as a “building,” the insured should take advantage of it. This is because the price of construction is lower than that of personal business property. Another reason to consider this approval is coverage limits. If the insured takes into account and includes certain properties below the construction limits, the insurance agency considers commercial property when adjusting claims, there may be a co-insurance penalty. Of course, this problem can be solved by the use of flat limits. Is a particular insured property considered a “building” or a “commercial property”? If the intent is not clear in advance, the answer could be interpreted after a loss.

The sole purpose of the management of additional real estate (CP 14 15) is to consider real estate that may be considered real estate or personal property as “buildings” in order to avoid shadows at the time of loss. Almost all policyholders who require real estate coverage should consider this approval in order to broaden the definition of “guaranteed property.” Building owners and tenants needed to cover the building can benefit greatly from this recommendation. Agents should use the list of “uncovered assets” as a tool to help them manage the client`s insurance risk. The exclusion list and approval can be used as a checklist to confirm that all of the insured`s exposures have been discovered and discussed. “Finalized supplements” are included in the CPP definition of “buildings.” This term theoretically includes improvements and improvements, but not explicitly. It is better to explicitly support the policy of improving and improving tenants as “buildings” than to depend on interpretation after loss. It is interesting to note that some of the assets and costs included in the “uncovered property” list are often taken into account when the cost of replacing the building is calculated, but excluded at the time of the loss. The foundations and costs of excavation, sorting, filling and backfilling are good examples. These values and costs are excluded, but the building cannot be rebuilt unless these activities are completed. The joint or disputed loss contract (CP 12 70) only requires the CPC and the equipment ventilation carrier to pay the insured for the damage at issue as soon as the insurance conditions are met (deposit of proof of loss, agreement on the amount of insurable damages, etc.) without holding the insured hostage, while the carriers debate the amount of liability of each carrier for the damage.