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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.

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Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Property/Casualty
Author:Panko, Ron
Publication:Best's Review
Date:Jun 1, 2007
Words:89
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