The Property Insurance Law Observer

SEPTEMBER 16, 2024

Background In November 2019, West American [1] issued an insurance policy providing coverage for the Insured’s commercial shop buildings. In 2021, the Insured, through its public adjuster, filed a claim under the property policy, alleging that a May 2020 hailstorm caused significant damage to the roofs of two buildings.

Insurance Companies 130

Insurance Companies Damage Insurer Insurance 130

The Property Insurance Law Observer

FEBRUARY 14, 2024

The insureds suffered property damage caused by a tornado and subsequently submitted a claim to their insurer. Wind damage can be attributed to gusts (short bursts of high-speed winds) or longer periods of stronger sustained winds. . Texas cases have uniformly applied windstorm coverage to damage caused by tornadoes.

Policy 130

Policy Deductible Damage Property Damage 130

Protect Commercial Insurance

JANUARY 10, 2025

From property damage and liability to business interruption cover, clients get everything under one roof. – Competitive Edge : By working with partners that understand commercial properties, you can tailor products that fit unique client needs, setting you apart from competitors.

Building 52

Building Broker Commercial Property Insurer 52

Jackson & Jackson

APRIL 26, 2024

This guide aims to help new investors understand the basics of commercial property insurance in California, ensuring that their investments are protected against unforeseen events. It provides coverage for physical damage to your property and any loss of income due to business interruption.

Commercial Property 52

Commercial Property Property Insurance Commercial Business Interruption 52

Scott Insurance

JANUARY 28, 2022

While insurance coverage is typically relied upon for many property-related losses, there remains a disconnect about how mold claims are often handled by the insurance industry. In some situations, property policies might give a sub-limit to help with remediation costs.

General Liability 52

General Liability Deductible Liability Property Damage 52

Bankers Insurance

MAY 16, 2024

These policies can provide critical financial security as homeowners seek to protect their fiscal stability and property. The homeowners insurance market is complicated and dynamic, and many policyholders have experienced increased rates in recent years despite no changes to their coverage or claims filed. WHAT HAPPENED IN 2023?

Home Insurance 52

Home Insurance Policyholder Insurer Insurance 52

Distinguished

SEPTEMBER 25, 2024

Whether it’s a construction project for a single-family home , a mixed-use building , or a commercial property, Distinguished’s Builder’s Risk Program has got it covered. Property damage : Damages to the building that is being constructed or renovated.

Risk 52

Risk Broker-Agent Insurer Insurance 52

Property Insurance Centre

MARCH 19, 2024

Consumer education ensures that individuals are prepared and protected with the proper insurance coverage and are knowledgeable about the claims process. It empowers individuals to navigate the claims process effectively and avoid insurance scams. May experience difficulties and delays when making claims due to lack of understanding.

Property Insurance 52

Property Insurance Policyholder Insurer Insurance 52

Cover4LetProperty

JANUARY 29, 2024

At its simplest, therefore, a home is a home, whilst let property is a business asset. Risk is assessed with respect to the likelihood of loss or damage leading the insured to make a claim, since the settlement of claims paid out to the insured represent a liability for the insurer.

Home Insurance 52

Home Insurance Insurer Insurance Insured 52

Paragon Independent Insurance Agencies

MAY 27, 2024

These events may include property damage, liability claims from work-related injuries, break-ins, or business interruption. Protection of Business Property Commercial insurance protects all business property, including buildings on the land, equipment in the yard, inventory, and other assets owned by the company.

Commercial Insurance 40

Commercial Insurance Commercial Protection Business Interruption 40

Distinguished

SEPTEMBER 10, 2024

This includes projects that involve: Betterments Renovations New Construction We also insure a variety of building types, including single-family homes , mixed-use buildings , and commercial properties. Distinguished’s Builder’s Risk program insures a variety of the most common construction projects.

Risk 52

Risk General Liability Broker-Agent Insurer 52

Bankers Insurance

AUGUST 8, 2024

However, it’s important to keep in mind that a property may be assigned several different values, including: Market value — This is an estimate of what a property could be sold for in the present real estate market. Market value is based on factors such as lot size, building condition and location desirability.

Commercial Property 59

Commercial Property Property Insurance Commercial Out-Of-Pocket 59

Protect Commercial Insurance

MAY 24, 2024

General Liability Insurance General liability insurance is a fundamental policy that covers your business against claims of bodily injury, property damage, and personal injury. Additionally, general liability insurance typically does not cover claims related to professional services or cyber incidents.

Insurance Policy 52

Insurance Policy Protection Policy Business Interruption 52

Bankers Insurance

NOVEMBER 15, 2023

Pipes and sprinkler systems face a higher risk of freezing in specific areas of a building or property where temperatures can significantly drop during cold weather. Roof: In some commercial and industrial buildings, roof-mounted sprinkler systems are installed for fire protection.

Protection 52

Protection Damage Building Property Damage 52

Jackson & Jackson

MAY 22, 2024

. “Understanding Multi-Family Property Insurance” Commercial property insurance is a vital safeguard for property owners, protecting their assets against various risks. It covers property damage, loss of income, liability claims, etc.

Property Insurance 52

Property Insurance Commercial Property Commercial Insurer 52

Cover4LetProperty

OCTOBER 9, 2022

Let’s see how you can get the broadest possible cover at times like these by taking a look at those elements that might be included as standard items for your particular landlord insurance policy or which may be available as extras or add-ons: Loss of rental income your buy to let property is a business investment that relies on the steady income stream (..)

Liability 52

Liability Insurer Insurance Insured 52

Property Insurance Centre

JANUARY 4, 2024

Unpredictable weather events and the rise in natural catastrophes pose significant challenges for the property insurance industry. Insureds are facing substantial property losses, leading to increased financial burdens. The rising costs of building or repairing properties have a direct effect on insurance premiums.

Property Insurance 52

Property Insurance Commercial Property Liability Insurer 52

Triple-I: Homeowners Insurance

NOVEMBER 5, 2024

Every dollar invested in disaster resilience could save 13 in property damage, remediation, and economic impact costs, suggesting risk mitigation and recovery strategies will become even more essential as natural catastrophe severity increases.

Premium 59

Premium Risk Property Damage Damage 59

Distinguished

AUGUST 26, 2024

Under-construction buildings can be prone to fire, vandalism, and theft, which can end up costing their backers and owners millions. Distinguished’s Builder’s Risk Program covers all kinds of buildings in Michigan, including single-family homes , mixed-use buildings , and commercial properties.

Risk 52

Risk Broker-Agent Insurer Insurance 52

Cover4LetProperty

NOVEMBER 3, 2024

At first glance, there might seem little difference between a dwelling in which the owner occupier lives and one that is let to a tenant – despite the difference in tenure, both are homes, with a building and its contents broadly vulnerable to similar risks and perils. So, what is suitable landlord insurance – what does it cover?

Insurer 40

Insurer Insurance Insured Home Insurance 40

Cover4LetProperty

JANUARY 2, 2024

If the property is going to be occupied by tenants and you are earning an income from the rent they pay, purpose designed landlord or buy to let insurance is required. Not only is standard home insurance insufficient, but if you rely upon it for a let property, any claim may be rejected by your insurer.

Liability 52

Liability Damage Home Insurance Building 52

Protect Commercial Insurance

NOVEMBER 22, 2024

Without insurance, your business could face catastrophic financial loss from property damage, theft, or a lawsuit. Some protect against property damage, while others focus more on liability issues. Sitting down with an experienced insurance advisor can help you build a policy that aligns with your unique needs.

Commercial Insurance 52

Commercial Insurance Commercial Cyber Liability 52

Property Insurance Centre

JANUARY 16, 2025

From the catastrophic floods in Carlisle in 2005 to the more recent deluge in London in 2021, businesses in flood-prone areas have faced disruption, financial losses, and complex insurance claims. million properties at risk, according to the Environment Agency. Contents Coverage: Protection for stock, inventory, and furnishings.

Commercial 52

Commercial Commercial Property Insurer Insurance 52

Cover4LetProperty

DECEMBER 1, 2023

Landlord insurance: Includes coverage for the structure of the building, landlord’s fixtures and fittings, contents (if the property is rented furnished), liability protection, and may also cover loss of rental income. The main difference between home insurance and landlord insurance lies in the intended purpose and cover.

Home Insurance 52

Home Insurance Insurer Insurance Insured 52

Zywave

NOVEMBER 20, 2024

Now is the time to build a winning strategy to secure success. Employers should prioritize mental health resources and clear policies to handle workers’ comp claims as efficiently as possible. Commercial Property: Extreme weather events continue to lead to extreme property damage.

Workers Comp 52

Workers Comp Commercial Property Cyber Commercial 52

Protect Commercial Insurance

OCTOBER 25, 2024

– Potential deductibles and what’s financially viable if you need to make a claim. Familiarising yourself with the various types can help you craft the most effective insurance package: – General Liability Insurance : Covers third-party bodily injury, property damage, and advertising injuries.

Business Insurance 52

Business Insurance Liability Insurance Liability Policy 52

Cover4LetProperty

OCTOBER 10, 2022

So, the biggest nightmare is losing it all from incidents such as fire, flooding, or subsidence, for example, as well as other risks to the building and its contents. Why do I need specialist let property insurance, rather than any other type of property insurance?

Insurer 52

Insurer Insurance Insured Property Insurance 52

Cover4LetProperty

AUGUST 15, 2022

That is because not only will your requirements differ for the type of building insurance you arrange, but your very perception of cost-effective landlord insurance may do too. Your landlord insurance needs to match your own unique requirements and financial circumstances.

Insurer 52

Insurer Insurance Insured Policy 52

TGS

OCTOBER 3, 2023

The quote will be based on many factors, including your home’s age, building features, location and size, as well as your insurance score. Policy Number If you ever need to file a claim, this policy number is what you will use. This number is sometimes helpful when consulting with your insurance agent, as well.

Insurance Quotes 52

Insurance Quotes Deductible Home Insurance Out-Of-Pocket 52

Protect Commercial Insurance

MAY 30, 2024

In this article, we will explore different types of insurance coverage that can help safeguard your business from property damage, liability claims, cyber threats, and more. Product liability insurance protects against claims arising from defective products your business manufactures or sells.

Cyber 52

Cyber Business Insurance Business Interruption Professional Liability Insurance 52

Risk Management Monitor

DECEMBER 17, 2021

Myers, AccuWeather founder and CEO, estimated that the tornadoes are expected to cost about $18 billion in total damage and economic loss. These outages have complicated search and rescue efforts, as rescue workers excavated destroyed buildings, searching for people who are still missing.

Building 79

Building Damage Property Damage Risk 79

Cover4LetProperty

AUGUST 23, 2022

It is no longer possible to rely on the owner-occupier home buildings and contents policy that previously offered you protection – you will need to get a fresh quote for specially formulated insurance for landlords. How is let property insurance different from home insurance?

Insurer 40

Insurer Insurance Insured Property Insurance 40