{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Sometimes It\u2019s What The Policy Doesn\u2019t Say That Counts","description":"Today we will be discussing the ins and outs of insurance policies, and the importance of understanding what your policy does say and cover, as well as what it does not. In this episode, our panelists will discuss how those with an insurable interest in a property can protect themselves from issues such as inadequate reimbursement should a disaster occur.   Key Takeaways: [:27] After a disaster occurs such as a fire, flood, or severe windstorm and damages a property, what are some of the more common mistakes an insured or policyholder makes that results in the inability to provide proof of loss to the insurance company? [3:20] Is the \u2018inability to provide proof of loss\u2019 a common theme in property damage losses? [5:12] What are the ways in which a policyholder can prevent such roadblocks? [8:00] What does the concept of \u2018insurable interest\u2019 mean in relation to a property insurance policy? [9:38] If a person does not have to be the property\u2019s owner in order to have insurable interest, what are some examples of parties that would have an insurable interest in a property? [11:49] A party who has an insurable interest in a property may not be involved in the day-to-day operations, or even be on-site. What types of conflicts can this result in when it comes to insurance policy definitions, interpretations, changes, and the like? [13:28] What can these other parties do to protect their stake in the property, aka their \u2018insurable interest\u2019? [17:36] Speaking of \u2018Broadening the Named Insured,\u2019 what are some challenges the agent, broker, or policyholder may face, when undertaking this task? [21:11] What are some challenges the agent, broker, or policyholder may expect when \u2018Broadening the Property Definition,\u2019 if they have to go that route? [22:09] Suffice it to say that these additions to a property insurance policy can play an important role in helping one avoid a large predicament such as inadequate reimbursement; what is the overall benefit of having them in place?   Panelists: \u25cf James R. Mahurin \u2013 Risk Management Consultant and member of the Society of Risk Management Consultants \u25cf Tim Larsen \u2013 Executive Adjuster \u2013 The Greenspan Co.\/Adjusters International \u25cf Todd Thomas \u2013 Executive Director of Consulting Services and member of the Society of Risk Management Consultants \u2013 Adjusters International   Moderator: \u25cf Brianna Moyer (Adjustersinternational.com\/bios\/executive-professional\/), Digital Marketing Manager \u2013 Adjusters International   Mentioned in This Episode: Adjusters International Adjusting Today \u2014 Sometimes It\u2019s What the Policy Doesn\u2019t Say That Counts   ","author_name":"Property Insurance Roundtable","author_url":"http:\/\/www.adjustersinternational.com\/","html":"