Cover helps towns reclaim revenue.
With new coverage from the Hartford Steam Boiler Inspection and
Insurance Co., local governments of all kinds can recover tax revenue
lost when a fire or other insured accident destroys residential or
commercial property. The coverage is available as part of a
municipality's, county's or school district's insurance
package. Coverage is activated when the loss of tax revenue exceeds a
specified percentage of the insured's total tax revenue, and it
lasts from the date of the insured loss to the lesser of restoration of
the premises or 12 months.
COPYRIGHT 2007 A.M. Best Company, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
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