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Valuables Insurance Coverage: Art Insurance Fire Claim Headed to Trial

Property Insurance Coverage Law

One of the more complex damage issues that must be addressed in all fire, smoke, and heat claims is the amount of damage to personal property in areas of a structure far away from the main fire.

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Louisiana Court Finds That an Insured Breached its Duty to Cooperate

The Property Insurance Law Observer

June 24, 2024) offers valuable lessons for policyholders regarding the importance of cooperation in the insurance claims process. In Marcantel , the plaintiff suffered damage from Hurricane Laura at two properties in Louisiana. The ruling in Marcantel emphasizes the importance of cooperation in the insurance claims process.

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Court Differentiates Vandalism from Theft in First Party Insurance Policy

The Property Insurance Law Observer

The loss was reported to Allstate on November 24, 2021, and the Plaintiffs filed a claim seeking coverage for the damage to their dwelling and structures in the amount of $200,000. After investigating, Allstate denied coverage, invoking the policy’s vandalism exclusion and increased risk provision.

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The Insurance Industry Faces Growing Wildfire Risk in California

American Agents Alliance

These wildfires have caused historic damage, claimed lives, and threatened communities. In addition to helping with remediation and claims efforts, there are larger opportunities to help foster resilience in local communities in the face of increasing wildfire risk. Provide clear expectations on claims-related timelines and processes.

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How Home Renovations Can Affect Your Homeowners Insurance Policy

TGS

Whether it’s a big project involving reconstruction of part of your home, or a small project that will increase the value of your home or personal property, your renovation will affect your homeowners insurance. However, for many home renovation projects, you will need to inform your insurance agent.

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Prepare for the Unexpected — How to Help Policyholders With Disaster Planning

American Agents Alliance

That means considering the three basic priorities of life safety, property preservation, and incident stabilization in a disaster plan. Discuss how to inventory personal property with receipts, photos, and videos. Provide a checklist so your policyholders can easily keep track of personal property.

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How to Read Homeowners Insurance Quotes

TGS

Policy Number If you ever need to file a claim, this policy number is what you will use. Coverage: Section I This section of your home insurance quote details the coverages relating to your property: Coverage A ( Dwelling ) : This covers the structure of your house. A lot of factors go into calculating your home insurance premium.