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>The insurer should demand and receive rights to collect damages from the bank. If that's possible then yes, that's great. But it sounds like banks refuse to d
by Thorrez 7y ago
>The insurer should demand and receive rights to collect damages from the bank.
If that's possible then yes, that's great. But it sounds like banks refuse to do that. Some banks cap their liability at $500, or $25,000, or 10x annual rent, or 500x annual rent.
- dredmorbius 7y agoBanks' leverage negotiating with single customers is far higher than that with insurance carriers. I suspect terms would swing to the customers' favour.