Insurance

The Munsch Hardt Insurance group includes lawyers with over 20 years experience in assisting real estate development, management and lending clients coordinate documents and transaction structures with their insurance and risk management programs.

Why is an Insurance group necessary? Since many transactional attorneys learn about insurance by accepting at face value insurance provisions in existing forms, a substantial portion of real estate development and lending documents:

• Contain incorrect or obsolete terminology, often referring to types of insurance that have not been available for over 20 years
• Specify insurance policies or endorsements that do not cover the intended risks or have limits that are either too low or too high
• Omit necessary or desirable insurance coverages
• Allocate risks under indemnity provisions and rebuilding obligations under casualty provisions in manners that are inconsistent with insurance provisions

Members of the Munsch Hardt Insurance group devote substantial portions of their practices to researching the types of insurance policies available in the real estate area and the risks such policies actually cover, correct terminology for the insurance coverages and interplay in real estate documentation of insurance provisions with indemnity and casualty provisions.

The firm's approach to insurance is rare in the legal profession. Instead of a group consisting of litigators specializing in certain types of coverages and interpretations of particular policy provisions, our group is made up of transactional attorneys who understand the overall development process and practical needs of developers, managers and lenders.