H. Other Forms of Insurance Not Necessarily Found in Real Estate Transactions

An important thing to remember about insurance is that in the right market, almost any kind of insurance can be written or tailored. If you are engaged in a transaction where real estate is not the foundation, it is important to sit with the lender and the lender's risk manager in order to determine whether or not there are any risks inherent in the business that are not typically covered by insurance. It is entirely possible for insurance carriers to write special lines and special forms of policies that will cover a-typical businesses and make sure that there are proceeds of insurance available to repair or replace significant items of machinery and equipment as well as inventory that may not be readily replaceable. Of course, this insurance goes hand and glove with the business interruption insurance discussed later in this article.