Property Insurance Coverage Law

OCTOBER 5, 2024

When navigating the aftermath of a property damage claim, many homeowners seek professionals to help them secure the best possible settlement from their insurance company. However, policyholders … The post Public Adjusters Prohibited in Arkansas appeared first on Property Insurance Coverage Law Blog.

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Property Damage Policyholder Property Insurance Damage 153

Central Insurance

JULY 25, 2024

LRO insurance provides comprehensive protection against commercial property damage, liability claims, and income loss. In this article, we explore the key differences between LRO and general liability insurance and why commercial landlords need to have this coverage. The post What is LRO Insurance?

General Liability 130

General Liability Commercial Property Property Damage Commercial 130

The Property Insurance Law Observer

OCTOBER 9, 2024

This decision provides valuable guidance for insurers handling post-catastrophe claims. In Wood , the insureds, Nancy and John Wood, filed a claim to their insurer, GeoVera Specialty Insurance Company, for property damage following Hurricane Ian. they initially tendered based on their own assessment.

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The Property Insurance Law Observer

SEPTEMBER 16, 2024

The 6th Circuit held that the property policy’s cosmetic damage exclusion applied to bar coverage because the insured, J&S Welding, Inc. Insured”), failed to disclose or produce any expert evidence to rebut the conclusions of the West American’s three experts, who determined the roof’s damage was merely cosmetic.

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Insurance Companies Damage Insurer Insured 130

The Property Insurance Law Observer

MARCH 4, 2024

26, 2024), the Western District of Washington considered competing motions for partial summary judgment in a property damage case involving a winter storm, where large amounts of rain and melted snow backed the drain up and the force of the water pushed through the exterior door causing damage to the entire basement level.

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Damage Policy Claim Property Damage 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. Consequently, the insureds sued to recover the withheld deductible arguing that the tornado that caused the damage was not a windstorm and, as a result, their deductible was waived. —Dallas Jan. Code § 542A.001(2)(C)

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Policy Deductible Damage Property Damage 130

Shield Insurance Agency

AUGUST 20, 2024

Shield Insurance Blog | Small Insurance Claims | Contact Our Sales Team! Small Insurance Claims Can Raise Premiums Small insurance claims, such as those for minor property damage, may seem like a hassle to deal with. However, filing small insurance claims can have long-term financial consequences.

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Scott Insurance

JULY 9, 2024

Water damage, one of the leading and most costly causes of property damage in the U.S., However, many homeowners are unaware of one simple solution that can prevent damage, save them money and give them peace of mind. Often, water damage inside the home is caused by leaks in the plumbing system.

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Damage Theft Property Damage Insurance Carrier 52

Property Insurance Centre

JULY 21, 2024

Our Claims Partner, Aspray, Wins Loss Assessor of the Year 2024 We are delighted but not surprised to announce that our claims partner, Aspray, has won the prestigious “Loss Assessor of the Year 2024” award at the British Claims Awards.

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Claim Property Damage Property Insurance Building 52

The Property Insurance Law Observer

AUGUST 22, 2024

Specifically, the insured noted that the “floor had sagged, was bouncing, and that a section of the floor had partially detached from the Property’s exterior wall.” This prompted the insured to submit a claim. Even though the floor had partially detached from the property’s exterior wall, it remained standing.

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Building Commercial Property Damage Policy 130

The Property Insurance Law Observer

MARCH 18, 2024

Plaintiff, the “Named Insured” on the policy, made an insurance claim to her insurer Allstate Vehicle and Property Insurance Company (“Allstate”) for fire damage to her property located in Philadelphia, Pennsylvania, where she resided with her two sons.

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The Property Insurance Law Observer

MARCH 25, 2024

The contractor was the only named insured while the property owner was an additional insured. After the failure of a retaining wall, the property owner submitted a claim to the insurer under the contractor’s policy, alleging that it was entitled to soft costs and lost rental income.

Policy 130

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Freeway Insurance

JANUARY 3, 2025

On January 1, 2025, California raised its minimum liability insurance requirements, nearly doubling the mandatory coverage for bodily injury and property damage. More vehicles on the road lead to a higher risk of accidents, which in turn raises the number of claims that insurance companies must cover. 1, 2025 is here.

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Auto Insurance Premium Liability Insurer 98

Jackson & Jackson

JANUARY 10, 2024

Property Damage : Traditional cyber policies typically don’t cover physical damage caused by cyber events. General Liability Insurance: to help cover claims your business caused property damage or bodily injury. This can be a critical gap for tech companies with significant physical assets.

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Liability Insurance Cyber Liability Property Damage 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. It provides financial compensation to repair or replace damaged property, ensuring that your business can quickly recover from unexpected events.

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Cyber Business Insurance Business Interruption Professional Liability Insurance 52

Jackson & Jackson

APRIL 26, 2024

It provides coverage for physical damage to your property and any loss of income due to business interruption. Key Coverages for California Property Investors Property Damage : Covers damage to your buildings and contents caused by fire, theft, vandalism, and natural disasters.

Commercial Property 52

Commercial Property Property Insurance Commercial Business Interruption 52

LexisNexis

JANUARY 28, 2025

Learn about discovery and coverage issues and cases involving damages to construction projects and the ways to prove who was at fault. Read now » Related Content Design and Construction Defect Claims: Overview and Defense Strategies Discover the basics of a defect claim against a designer or contractor.

Commercial General Liability 40

Commercial General Liability General Liability Property Damage Injury 40

LexisNexis

JANUARY 28, 2025

Learn about discovery and coverage issues and cases involving damages to construction projects and the ways to prove who was at fault. Read now » Related Content Design and Construction Defect Claims: Overview and Defense Strategies Discover the basics of a defect claim against a designer or contractor.

Commercial General Liability 40

Commercial General Liability General Liability Property Damage Injury 40

Triple-I: Homeowners Insurance

FEBRUARY 13, 2025

Insurance affordability in Georgia is dwindling as claim frequency and insurer costs soar, according to the latest issue brief from Insurance Information Institute (Triple-I), Trends and Insights: Georgia Insurance Affordability. Injury claim severity in the state is slightly higher than in the rest of the country.

Commercial General Liability 52

Commercial General Liability Commercial Umbrella Claim Liability 52

TGS

NOVEMBER 18, 2024

This is in stark contrast to at-fault states, where the driver who caused the accident (or their insurance) is typically responsible for covering damages. The no-fault system was designed to streamline the claims process, reduce the burden on courts, and ensure that accident victims receive compensation more quickly.

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Auto Insurance Injury Damage Property Damage 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. Over 100 workers were trapped inside the building after the next tornado leveled it. Another tornado struck an Amazon warehouse in Edwardsville, Illinois, killing six people and injuring another.

Damage 79

Damage Building Property Damage Risk 79

LexisNexis

FEBRUARY 4, 2025

Learn about issues that can arise for insureds and insurers when insurance policies of various durations are called upon to answer for claims and when multiple insurance policies may also apply. Practical Guidance Updates Featuring the latest updates from your Practical Guidance account.

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Policy Commercial General Liability Injury Damage 40

Protect Commercial Insurance

SEPTEMBER 20, 2024

It covers you against claims of property damage, personal injury, or negligence. This type of insurance is designed to cover you if a member of the public suffers an injury or their property is damaged because of your business activities. Here’s how you can make an informed decision.

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Liability Insurance Liability Insurer Insured 52

ProWriters

APRIL 3, 2024

Understanding E&O Insurance Errors and Omissions (E&O) Insurance is liability coverage protecting professionals against claims for negligence, errors, or mistakes made in the course of their work. Coverage of claims made by third parties who suffer financial losses due to the insured’s actions.

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Liability Cyber Property Damage Claim 52

Scott Insurance

FEBRUARY 19, 2025

Rehabs expose developers to heightened risks and, subsequently, higher insurance costs due to the complexities of simultaneously managing the property being rehabbed and the existing structures, e.g. any property not under construction (whether occupied or unoccupied). Consider a scenario where a rehab is underway.

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Underwriter Underwriting Insurer Insured 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.

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Property Insurance Policyholder Insurer Insured 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?

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Home Insurance Policyholder Insurer Insured 52

Boyle Agency Insurance

FEBRUARY 3, 2025

Contact your insurance provider to discuss adjusting your policy to cover the updated value of your property. Failing to do so could leave your home underinsured in the event of a claim. It provides coverage for property damage and theft of building materials during the renovation process.

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Home Insurance Theft License Insurer 45

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.

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Commercial Insurance Commercial Protection Business Interruption 40

Cover4LetProperty

JANUARY 29, 2024

At its simplest, therefore, a home is a home, whilst let property is a business asset. Essentially, insurance is about risk and a calculation of the probability of loss or damage being suffered by the insured item or items.

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Home Insurance Insurer Insured Insurance 52

Distinguished

SEPTEMBER 25, 2024

Vandalism : Intentional damage to the job site by third parties, including things like broken glass or graffiti. Property damage : Damages to the building that is being constructed or renovated. Equipment : Covers damages to or theft of equipment used on the job site.

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Risk Broker-Agent Insurer Insured 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

Mark Jackson Insurance Agency

NOVEMBER 22, 2024

While your business may only operate for part of the year, risks like property damage, liability claims, or equipment theft don’t follow a calendar. If you rely on expensive equipment, such as snowplows, food trucks, or heavy machinery, comprehensive coverage that protects against damage and theft is crucial year-round.

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TGS

NOVEMBER 1, 2024

Knowing exactly what to do after a car accident can make all the difference in ensuring a smooth claims process, protecting your rights, and, most importantly, keeping everyone safe. Avoid standing in the middle of the road or putting yourself in harm’s way while assessing the damage. Who should you call?

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Cover4LetProperty

OCTOBER 9, 2022

When you are purchasing your landlord insurance policy, there might be a natural temptation to get it over and done with as fast as possible so that you can continue with your normal daily business.

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Liability Insurer Insured Insurance 52

Protect Commercial Insurance

NOVEMBER 1, 2024

Unlike standard home insurance, which is tailored for owner-occupied homes, landlord insurance is crafted to address risks associated with renting out your property. Its primary purpose is to protect landlords from financial loss stemming from tenant-related incidents, property damage, and other rental-specific risks.

Home Insurance 52

Home Insurance Out-Of-Pocket Insurer Insured 52

Scott Insurance

FEBRUARY 7, 2023

Increased Volume and Cost of Auto Claims Your personal auto insurance is designed to pay for the costs that may be incurred due to an accident (property damage/repairs, medical costs). Therefore, if the costs associated with an accident increase, insurance premiums will follow suit.

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