Stay around long enough looking at other peoples work and at some point you are bound to say...
"What was they thinking"
Truth is... You know what they were thinking "MONEY".
They compromise their values and use the wrong building material and cut corners to save a few dollars.
The same holds true for some agents... They incorrectly rate policies or they fail to identify exclusions that take away vital coverages all to get the best price.
Problems we have seen on boat dock contractors policies
- Surplus lines policies instead of standard admitted carriers
- Improper classification of risk such as Interior Carpentry or Welding & Cutting contractor.
- Endorsements such as Classification Limitation, Earth Movement, Punitive Damages and more.
These are critical issues that will be an issue during a claim.
It's best to catch it before a claim happens.
