Property Insurance Coverage Law

SEPTEMBER 11, 2024

A judge in a Mississippi case 1 recently ordered the parties to appraisal, noting: The lawsuit concerns only property insurance coverage for buildings, referenced as the ‘A1 coverage,’ … The post Are Insurers Using “New Construction” Xactimate Settings Wrongfully Underpaying Claims?

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Insurance Journal

DECEMBER 18, 2024

SUNNY ISLES BEACH, Fla. (AP) AP) Almost three dozen high-rise condos and luxury hotels along the beach in South Florida are sinking or settling in unexpected ways, in some cases because of nearby construction, according to a new study. The …

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Property Insurance Coverage Law

AUGUST 30, 2024

appeared first on Property Insurance Coverage Law Blog.

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Property Insurance Coverage Law

SEPTEMBER 16, 2024

A federal judge ruled last week that policyholders eventually have to “put up or shut up” when it comes to proving that certain interior damages caused by a storm must be the result of damage to the exterior of a building, allowing water to damage the interior of a building. appeared first on Property Insurance Coverage Law Blog.

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Property Insurance Coverage Law

SEPTEMBER 26, 2024

A recent federal court ruling in Missouri highlights the critical importance of admissible expert testimony in property insurance disputes.

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Property Insurance Coverage Law

AUGUST 22, 2024

Insurance restoration contractors have a lot on their plate. They are not building based on new plans but repairing already-built structures. appeared first on Property Insurance Coverage Law Blog.

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Insurance Journal

AUGUST 22, 2024

Vanderbilt University is asking local Florida officials to approve its proposal to build a $520 million campus in the wealthy Palm Beach area, tapping into a growing region transformed by new outposts of financial firms. The Nashville-based school envisions buildings …

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Insurance Journal

JANUARY 22, 2025

After Hurricane Milton swept through parts of southwestern Florida in October, aerial drone images showed condominium buildings with large sections of their roof membranes peeled back like blankets on a beach, exposing the buildings to water intrusion. Builders and commercial …

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Insurance Journal

SEPTEMBER 10, 2024

1 deadline that requires condo buildings to be inspected and repaired in the wake of the Surfside condo collapse that killed … Florida Gov. Ron DeSantis urged lawmakers to weigh ideas on providing condominium owners with relief ahead of a Jan.

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Insurance Journal

AUGUST 12, 2024

The Colorado wildfire that tore through 15 square miles (39 square kilometers) and destroyed 48 buildings, over half of which were homes, was human-caused, investigators said. The Alexander Mountain Fire burning near Loveland, about an hour’s drive north of Denver, …

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Insurance Journal

DECEMBER 17, 2024

AP) Toyota plans to build a new paint facility as part of a $922 million investment at its factory complex in Georgetown, Kentucky, making it the second big addition announced this year at the automaker’s largest manufacturing … GEORGETOWN, Ky. (AP)

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Insurance Journal

DECEMBER 20, 2024

The Cleveland Clinic, a health care system with hospitals and clinics around the world, said it plans to build a 150-bed hospital in the Palm Beach area and will quadruple the size of an outpatient clinic there. Cleveland has operated …

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Bankers Insurance

AUGUST 8, 2024

THE IMPORTANCE OF ACCURATE VALUATION IN COMMERCIAL PROPERTY INSURANCE When purchasing or renewing commercial property insurance , it’s important for businesses to ensure their coverage includes correct property valuations. Replacement value — This is an estimate of the current cost to replace or rebuild a property.

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Property Insurance Centre

MARCH 11, 2025

Many insurers require more detailed valuations and risk assessments due to the higher sums insured. Greater Risk of Fire and Cladding Issues Following Grenfell Tower , insurers are more cautious about buildings with cladding, especially in London, where many high-rises have fire safety concerns.

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Jackson & Jackson

APRIL 26, 2024

One of the most crucial aspects to consider is commercial property insurance. 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.

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Insurance Journal

MARCH 14, 2025

The Tampa Bay Rays are backing out of a deal to build a new $1.37 billion stadium in St. Petersburg, Florida, the team announced on Thursday. The Major League Baseball team was expected to partner with the city and Pinellas …

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Jackson & Jackson

APRIL 30, 2024

For property investors and owners, understanding how location impacts insurance rates is crucial for financial planning and investment decisions. This article explores how various location-based factors affect commercial property insurance rates in California and offers insights for managing these costs effectively.

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Elmore

JANUARY 14, 2025

High building costs and effects of climate change are driving up amount claimed The post UK property insurance payouts hit highest level since 2007 appeared first on Elmore Insurance Brokers.

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Insurance Journal

MARCH 9, 2025

More than a year after the Honolulu City Council created a program to reduce the city’s backlog of building permit applications, the city’s permitting department director said she’s close to starting the program. The delay, said Department of Planning and …

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Property Insurance Centre

JANUARY 4, 2024

Emerging Property Insurance Trends 2024 Welcome to our guide on emerging trends in the property insurance industry. As we dive into the evolving landscape of property insurance, it’s important to stay informed about the latest trends and challenges affecting the market. Hurricane Harvey 2017 92.0

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Property Insurance Centre

JANUARY 30, 2025

Can I Insure a Partially Empty Block of Flats in the UK? If you own a block of flats with vacant units, you might be wondering whether standard property insurance will cover you. In the UK, insuring a partially empty block of flats is possible, but there are important factors to consider.

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Property Insurance Centre

FEBRUARY 24, 2025

Whether you have an adverse claims history, a high value property or a large portfolio of properties, we can source suitable cover for you. Whatever your requirements, we can tailor a specialist property insurance policy to suit your exact needs and provide you with a range of quotes to choose from.

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Jackson & Jackson

MAY 22, 2024

Investors must understand the importance of securing comprehensive commercial property insurance coverage to protect their investments. This article aims to provide an in-depth overview of ensuring multi-unit commercial properties in California, highlighting key considerations for investors.

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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. Hartford Casualty Insurance Co. , LEXIS 127718 (D.

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Property Insurance Centre

JANUARY 27, 2025

The quick answer is yes, you can insure your block of flats even if youre not the freeholder, but the process and your responsibilities depend on your ownership type and lease agreement. Steps to Take Check the Lease Agreement: This document will outline who is responsible for insuring the building.

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Property Insurance Centre

SEPTEMBER 25, 2024

Top Building Insurance Pitfalls Here are some common pitfalls to avoid when getting building insurance in the UK: – Underinsuring. Insure your building at the amount that it will cost to rebuild it and not at the current market value when securing block of flats insurance. What is Covered?

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Property Insurance Centre

MARCH 19, 2024

Understanding Consumer Education and Property Insurance As an informed consumer, education on consumer rights and property insurance is crucial. It empowers individuals to make informed decisions about insurance coverage and understand their policy rights. A knowledgeable policyholder is an empowered policyholder.”

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Property Insurance Centre

OCTOBER 18, 2024

How the Climate Crisis is Impacting the UK Property Insurance Market in 2023-2024 The UK property insurance market is increasingly being reshaped by the climate crisis , with extreme weather events such as storms and flooding becoming more frequent and costly.

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Elmore

AUGUST 17, 2024

Property insurer calls for better risk management as climate impact grows The post Hiscox chief says rising insurance prices a ‘stark signal’ on building risks appeared first on Elmore Insurance Brokers.

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Property Insurance Coverage Law

JANUARY 14, 2025

I made similar warnings in Wildfires Leave Dangerous Health Risks In Surviving Buildings. Why is it most people see the … The post Unseen Smoke and Visual Ash Dangers from Wildfires appeared first on Property Insurance Coverage Law Blog. Putnams article gets right to the point: Where there is fire, there is smoke!

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Protect Commercial Insurance

OCTOBER 4, 2024

But what does this mean for property owners and their insurance needs? As interest rates creep up, they can have a surprising ripple effect on property insurance costs. Impact on Property Insurance The property insurance market isn’t isolated from these changes.

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The Property Insurance Law Observer

AUGUST 1, 2024

Medical Properties Trust, Inc. 23, 2024), the Supreme Judicial Court of Massachusetts held that the term “surface waters,” as used in a limitation contained in commercial property insurance policies, was ambiguous in the context of rainwater accumulating on roofs, thereby finding coverage for the insured.

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Distinguished

MARCH 6, 2025

Other notable issues include illegal conversions where garages, basements, or other spaces are converted into living areas without proper permitswhich are particularly common in older buildings. After a report is filed, an inspector from the Los Angeles Housing Department or Building and Safety is dispatched to evaluate the situation.

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Protect Commercial Insurance

JANUARY 10, 2025

Enhancing Commercial Property Offerings One major sector that benefits from robust referral partnerships is commercial property insurance. Heres how collaboration can enhance offerings in this field: – Comprehensive Coverage Packages : Partnership allows brokers to provide a full suite of insurance products. .

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Insurance Journal

FEBRUARY 10, 2025

ATLANTA (AP) A clean energy company is abandoning a plan to build a giant electric battery factory in Atlanta’s suburbs after it shifted to buy a solar panel plant in Texas. Freyr Battery told officials in Newnan last week …

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Prof. Allan Manning

MARCH 11, 2024

Could you advise why the Steadfast Wording requires a sub-limit for Unabandoned Undamaged Portion of a Building. Per the wording, the increase in sale value is regarded as salvage value taken by the insurer? Does having a sub-limit benefit or is it a disadvantage to the Insured? Hi, Sorry – another tech question.

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Paragon Independent Insurance Agencies

FEBRUARY 28, 2025

Beyond vehicle coverage, you may also need general liability insurance, which protects against third-party claims for injuries or property damage during business operations. If you own a physical location, commercial property insurance can help protect your building, inventory, and equipment from fire, theft, or natural disasters.

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