Brokers strive to do a great job for their clients, but sometimes overlook certain coverages. This could lead to a “failure to recommend” claim, and increased liability for the agent or broker in case of a loss.
During a webinar for the independent agents' associations representing Delaware, Maryland and Pennsylvania, education consultant Jerry Milton, CIC, detailed five property coverages that brokers may overlook for property-owning clients.
Mistake 1: Failing to adequately cover improvements and betterments, for tenants
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