Water injury and valuations problem protection gaps
Winter can be exerting its affect on pricing. As Nor’easters dump heavy snow throughout New England, the chance of ice damming has multiplied. “You get ice dam buildups, water then backs up behind these ice dams, and then you definately get water injury inside each your residential and business buildings,” O’Donnell mentioned. One incident can set off multi-unit losses, prompting underwriters to undertake per-unit water injury deductibles atop commonplace all-other-perils phrases.
