Georgetown Insurance makes a difference in its customers lives.
Challenge: While the builder for a major Class A apartment building was excavating, the sheeting and shoring at the site started to shift due to a huge mass of marine clay soil. All work was halted for 30 days. The delays and costs to fix the problem could have jeopardized the entire project.
Georgetown Insurance Solution: Fortunately, before placing the Builder’s Risk policy, Georgetown Insurance identified a provider that offered coverage for earth movement and underground property. We surveyed a half-dozen companies before recommending this particular policy to the client. The policy paid the cost of repairing the sheeting and shoring by installing additional tiebacks as well as the extra interest for the lost month… saving the insured over $600,000.