The Catastrophe and Waiver of Subrogation
Insurance - Waiver of Subrogation,Waiver of Subrogation
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The project was proceeding well. Suddenly, one night the structure inexplicably burns down. As usual, everyone says it was not their fault. Now what? If the construction contract contains a typical insurance clause, the owner’s property insurer pays the claim and the insurance proceeds can be used to fund the cost of demolition and reconstruction. [...]
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