The Property Insurance Law Observer
AUGUST 22, 2024
For the purpose of this Additional Coverage – Collapse, abrupt collapse means an abrupt falling down or caving in of a building or any part of a building with the result that the building or part of the building cannot be occupied for its intended purpose. LEXIS 127718 (D. 629 F.Supp.2d 2d 1185 (D. Jemiola Living Trust v.
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. The insurer paid only a portion of the claim because it maintained that the tornado that struck and damaged the property was a “windstorm” and, therefore, the claim was subject to the policy’s “Windstorm or Hail Deductible.”
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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.
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.
The Property Insurance Law Observer
AUGUST 1, 2024
Background The insurers issued commercial property policies that provided coverage for a hospital. As a result of a storm, rainwater accumulated on multiple roof areas, and eventually seeped inside, causing damage to the building and property within.
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.
Property Insurance Centre
JULY 21, 2024
Aspray, a leading property damage claims management company, can act on your behalf when you need to make a claim. Aspray’s repeat win is a reflection of their unwavering commitment to delivering top-notch service to their clients, ensuring that they receive the best possible outcome in times of property damage.
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