The Property Insurance Law Observer

SEPTEMBER 16, 2024

(“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. Background In November 2019, West American [1] issued an insurance policy providing coverage for the Insured’s commercial shop buildings.

Insurance Companies 130

Insurance Companies Damage Insured Insurance 130

Triple-I: Homeowners Insurance

JUNE 19, 2024

By Max Dorfman, Research Writer, Triple-I The total value of lightning-caused homeowners insurance claims rose more than 30 percent in 2023, to $1.27 billion from $950 million in 2022, Triple-I estimates based on national claims data provided by State Farm. The number of claims rose 13.8 The number of claims rose 13.8

Claim 52

Claim Damage Protection Policyholder 52

Insurance Journal

AUGUST 25, 2024

Simply mailing a cancellation notice to a policyholder, when viewed in the context of other indicators, was enough to comply with state law and void a homeowner’s insurance policy shortly just weeks before a fire destroyed a home, the North …

Policyholder 285

Policyholder Insurance Policy Policy Insured 285

The Property Insurance Law Observer

OCTOBER 16, 2024

The court emphasized that under both the insurance policy’s plain language and Florida Statute §627.7011(3)(a), payment of replacement cost value is contingent upon the actual completion of repairs. Universal”) after their property sustained water damage that led to mold.

Property Insurance 130

Property Insurance Damage Casualty Insurance Policy 130

The Property Insurance Law Observer

MARCH 18, 2024

Specifically, the Court affirmed that the duty to submit to an EUO, as included in the insurance policy, applied only to a “named insured” and not an “insured person” and, as such, the named insured’s son failure to comply did not constitute a material breach of the insurance policy.

Insured 130

Insured Insurance Insurer Property Insurance 130

Insurance Journal

SEPTEMBER 11, 2024

Mississippi’s insurance commissioner is reminding policyholders that once Hurricane Francine moves across Louisiana, it will likely bring strong winds and heavy rains to the western part of the Magnolia State. And residents should be prepared by reading their insurance policies, …

Policyholder 147

Policyholder Insurance Policy Policy Insured 147

TGS

NOVEMBER 18, 2024

The Basics: Defining a No-Fault State At its core, a no-fault state is one where your car insurance policy takes care of your medical expenses and certain other costs, regardless of who caused the accident. Pros: Faster Claims Processing: Since you’re dealing with your own insurer, claims are often processed more quickly.

Auto Insurance 52

Auto Insurance Injury Damage Property Damage 52

Property Insurance Centre

SEPTEMBER 25, 2024

Accidental damage is not usually covered by a normal building insurance policy. Define the maximum amount that you are willing to spend additional in the case of a claim. – Failure to read particular policy documents. Key Takeaways Building insurance is essential to protect your property, but it can be complex.

Building 52

Building Insured Insurance Insurer 52

LexisNexis

AUGUST 27, 2024

Learn about the steps businesses should take to recover on the business interruption, including contract and indemnity claims, caused by this software failure. Cybersecurity Insurance Analyze types of risk to an enterprise that may be covered by cybersecurity insurance.

Cyber 40

Cyber Business Interruption Insurance Carrier Insurance Policy 40

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. Plus, having a police report on file can help you later when dealing with insurance claims. Who should you call?

Injury 52

Injury Home Insurance Damage Claim 52

Paragon Independent Insurance Agencies

SEPTEMBER 16, 2024

Make it a point to review your insurance documents and physically inventory items within your business premises. Document any identified gaps in your insurance policy and make necessary modifications to ensure ample business protection. Past Claims Examining past insurance claims can provide valuable insights.

Commercial Insurance 40

Commercial Insurance Protection Commercial Financial Loss 40

Paragon Independent Insurance Agencies

JUNE 28, 2024

Then, adjust your insurance policy accordingly. Your residential insurance policy can list the items you invest in. The insurance coverage will protect against unforeseen damage and theft. Be aware that some events may not be included in a standard insurance policy.

Home Insurance 40

Home Insurance Insurance Agency Insurance Policy Insured 40

Protect Commercial Insurance

NOVEMBER 22, 2024

A single incident can be financially crippling, but insurance shields you from unprecedented risks. Investing in the right policy can save you a lot of money in the long run. Each policy is unique and can vary widely in what it covers. Some protect against property damage, while others focus more on liability issues.

Commercial Insurance 52

Commercial Insurance Commercial Cyber Liability 52

Mark Jackson Insurance Agency

APRIL 1, 2024

This detailed list of your possessions not only aids in the homeowner insurance claim process, but also helps in the recovery and replacement of lost items. This additional layer of documentation can help provide proof of ownership and value, which can be critical for high-value item claims.

Theft 52

Theft Insurance Policy Claim Policy 52

Mark Jackson Insurance Agency

JULY 23, 2024

Reducing Accidents and Insurance Claims The insights provided by telematics can directly contribute to a reduction in accidents and related insurance claims. Contact us today to learn more and review your commercial auto insurance policy. Read the full article at www.markjacksoninsurance.com

Commercial 52

Commercial Auto Insurance Insurance Claim Claim 52

Property Insurance Centre

JANUARY 30, 2024

Freehold Block of Flats Insurance: Top Cover Tips If you own a freehold block of flats , it’s crucial to have the right insurance coverage to protect your investment. Standard home insurance policies may not provide adequate protection for the unique risks associated with a block of flats.

Insured 52

Insured Insurance Insurer Building 52

InsuredMine

AUGUST 27, 2024

Send Documents Quickly to your Clients With e-signatures, insurers can send documents to clients right away. Now, as soon as an agent finalizes a policy or claim document, it can be instantly transmitted to the client’s email or smartphone.

Insured 96

Insured Insurance Insurer Claim 96

TGS

OCTOBER 25, 2024

Every year your home grows older, it becomes more prone to issues such as plumbing leaks, electrical faults, or roof damage—all of which can lead to costly insurance claims. Insurance companies take this aging process into account when assessing risk, and as your home’s structure and systems age, the likelihood of a claim increases.

Home Insurance 52

Home Insurance Premium Out-Of-Pocket Insured 52

Risk Management Monitor

DECEMBER 8, 2022

New York’s newly-enacted Comprehensive Insurance Disclosure Requirements legislation opens the door for defendants to request that organizations disclose the details of their commercial insurance programs that may apply to a judgment in the case. These details include policy limits and potentially even access to your claims adjusters.

Claim 49

Claim Risk Insured Insurance 49

Shield Insurance Agency

JULY 8, 2024

By exploring your options and understanding the available coverage, you can find a policy that suits your requirements. Life Insurance Without Age Limit Contrary to popular belief, there are life insurance policies available that do not have age limits.

Life Insurance 52

Life Insurance Insurance Agency Insured Insurance 52

Shield Insurance Agency

AUGUST 1, 2024

As a Customer Service Representative/Account Manager at Shield Insurance Agency, your primary responsibilities will be answering phones and emails from existing customers to assist them with making changes to their current insurance policies, quoting new business and re-quoting, processing billing payments, and filing and tracking claims.

Insurance Agency 52

Insurance Agency Insured Insurance Insurer 52

ProWriters

NOVEMBER 12, 2024

In February 2024, Change Healthcare, whose technology powers the processing of some 15 billion medical bills and insurance claims a year, suffered a ransomware attack. Watch our Cyber U video about why healthcare organizations need Cyber Insurance. Several major breaches have made headlines.

Cyber 52

Cyber Liability Insurance Protection Liability 52

Protect Commercial Insurance

MAY 13, 2021

The following 5 Permissions are necessary if you’re advising or transacting on Commercial Insurance 1. This includes recommending a specific insurance policy to a customer. For example, notifying the insurer of an insurance claim and negotiating settlement on the customer’s behalf.

Commercial Insurance 52

Commercial Insurance Commercial Broker-Agent Insured 52

Triple-I: Homeowners Insurance

APRIL 5, 2024

With this forecast in mind, now is ideal time for homeowners and business owners to review their policies with an insurance professional to ensure they have the right amount and types of coverage. Flood policies are offered through FEMA’s National Flood Insurance Program (NFIP) and dozens of private insurers.

Damage 52

Damage Auto Insurance Policy Insurance Policy 52

Shield Insurance Agency

APRIL 19, 2024

Michigan is a state with unique auto insurance requirements that can sometimes be confusing to navigate. Among these requirements, collision coverage is a significant aspect that drivers should understand in order to make informed decisions about their insurance policies.

Auto Insurance 52

Auto Insurance Deductible Out-Of-Pocket Insurance Agency 52

Bankers Insurance

SEPTEMBER 12, 2023

Subrogation is more than just a fancy insurance term – it’s a right held by your insurance carrier under your policy that allows them to seek reimbursement from the party found responsible for the accident after they’ve paid a claim for a covered cause of loss. WHAT IS A WAIVER OF SUBROGATION?

Insurance Carrier 52

Insurance Carrier Compensation Deductible General Liability 52

Shield Insurance Agency

JUNE 11, 2024

Review your home insurance policy. Click here to Download the Thunderstorm Safety Checklist and read the full article from the Red Cross More Blogs by Shield Insurance Agency Protect Your Finances: The Truth About Small Insurance Claims Shield Insurance Agency is Now Hiring!

Insurance Agency 52

Insurance Agency Home Insurance Auto Insurance Building 52

Property Insurance Centre

MARCH 19, 2024

It empowers individuals to make informed decisions about insurance coverage and understand their policy rights. Consumer education ensures that individuals are prepared and protected with the proper insurance coverage and are knowledgeable about the claims process. Leads to confusion and potential gaps in coverage.

Property Insurance 52

Property Insurance Policyholder Insured Insurance 52

TGS

OCTOBER 17, 2023

A captive agent is obligated to sell you an insurance policy with one specific carrier. In order to accomplish that, a captive agent is biased to convince you that their carrier offers the best insurance for you. Impartiality is one of the key benefits of an independent insurance agent.

Insurance Agent 52

Insurance Agent Insurance Agents Agents Insured 52

Maritime Insurance International

JUNE 5, 2020

A common question is whether or not home insurance policies cover boats. The fact is that some home policies do and some do not. If your boat is worth more than the coverage offered by your home insurance policy, purchasing a dedicated boat insurance policy is a good idea. Zero Claims.

Insurance Policy 40

Insurance Policy Liability Insured Insurance 40

Property Insurance Centre

JANUARY 4, 2024

This ensures that insured properties are adequately valued and properly insured, reducing the risk of financial loss in the event of a claim. Labour Costs and Insurance Premiums Labour costs are another significant factor affected by inflation. “Underinsurance is a major concern in the property insurance industry.

Property Insurance 52

Property Insurance Commercial Property Liability Premium 52

Bankers Insurance

AUGUST 8, 2024

Most commercial property insurance policies include coinsurance clauses, which encourage policyholders to carry reasonable and accurate coverage amounts. Depending on the severity of property losses and rebuilding operations, these out-of-pocket costs could lead to major financial setbacks or even bankruptcy.

Commercial Property 59

Commercial Property Property Insurance Commercial Out-Of-Pocket 59

Risk Management Monitor

AUGUST 9, 2022

As companies assess their natural disaster preparedness, there are some proactive measures that should be taken specifically for hail to leave organizations best positioned for any resulting insurance claims. Let’s say you operate a business in Plano, Texas, and have a commercial property policy with a renewal date of January 1, 2022.

Damage 78

Damage Claim Commercial Property Insurance Policy 78

Risk Management Monitor

NOVEMBER 8, 2021

One of the first steps in obtaining commercial property insurance is to determine the value of the property being insured. The reported property value will drive premium amounts and, importantly, represents the property loss exposure.

Commercial Property 75

Commercial Property Insured Insurance Insurer 75

Constant Contact

JANUARY 28, 2021

Feel free to include these common questions: When should I update my life insurance coverage? Under what circumstances should I file an auto insurance claim? How do umbrella insurance policies work? Should I bundle my auto and homeowners insurance? Will my credit history influence my insurance rates?

Insured 52

Insured Insurance Insurer Life Insurance 52