After severe storms and flooding, property owners are often dismayed to learn that their insurance policies don’t necessarily cover all of the damage. The most common point of confusion relates to water damage, which may or may not be covered by a standard policy, depending on how the water damage was incurred. It’s often up…
When unmanned aerial vehicles (UAVs) first became widely available to the public, they were viewed primarily as a toy for hobbyists. However, when the FAA released rules governing their commercial use in 2016, that ruling opened the door for a wide range of practical applications. Today, UAVs, popularly known as drones, are being used extensively…
Property owners and managers are well aware of the dangers of Hurricane Season across the Southeastern United States. We spend millions of dollars preparing for recovery and risk mitigation, and there’s no doubt a bad hurricane season can cause a lot of property damage. But the reality is that catastrophic events happen all year long,…
Drones, also known as unmanned aerial vehicles (UAVs), used to be just a fun toy for hobbyists. Today, they’re an integral part of the engineering and construction industry. They’re used on project sites, as well as in assessing property condition and evaluating damage. For insurance companies and insurance adjusters, this means you need to know…
Over the past five years, unmanned aerial vehicles (UAVs, also known as drones), have become increasingly common in the assessment industry. Among their many applications, one of the most valuable is in conducting roof assessments. When an insured roof is damaged, either by a natural disaster or human-caused incident, the insurance agent is one of…
Construction contracts have a tangible impact on the project’s risk to the lending institution. And unfortunately, not all construction contracts are created equal. When performing due diligence on a construction loan, lenders should always require a construction contract review as part of an overall plan and cost review (PCR). At GLE, we review hundreds of…
