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.

Policy 130

Policy Damage Property Damage Insurance 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.

Damage 130

Damage Policy Claim Property Damage 130

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.

Liability Insurance 52

Liability Insurance Cyber Liability Property Damage 52

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. Texas cases have uniformly applied windstorm coverage to damage caused by tornadoes. —Dallas Jan. Code § 542A.001(2)(C)

Policy 130

Policy Deductible Damage Property Damage 130

Protect Commercial Insurance

SEPTEMBER 20, 2024

It covers you against claims of property damage, personal injury, or negligence. Without this insurance, not only do you face the risk of hefty compensation claims, but you could also incur significant fines from regulatory bodies. Ensure it’s sufficient to cover potential claims. Remember, asking questions is key.

Liability Insurance 52

Liability Insurance Liability Property Damage Insurance 52

Jackson & Jackson

APRIL 26, 2024

Key Coverages for California Property Investors Property Damage : Covers damage to your buildings and contents caused by fire, theft, vandalism, and natural disasters. Liability Protection : Protects against claims of property damage or personal injury caused by you or your operations.

Commercial Property 52

Commercial Property Property Insurance Commercial Business Interruption 52

The Property Insurance Law Observer

SEPTEMBER 16, 2024

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. Subsequently, West American issued payment for the damages it deemed to be covered and non-cosmetic.

Insurance Companies 130

Insurance Companies Damage Insurance Insurer 130

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. What does EPLI not cover?

Liability 52

Liability Cyber Property Damage Claim 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?

Home Insurance 52

Home Insurance Policyholder Out-Of-Pocket Property Damage 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.

Property Insurance 52

Property Insurance Policyholder Insurance Insurer 52

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.

Commercial Insurance 40

Commercial Insurance Commercial Protection Business Interruption 40

American Agents Alliance

AUGUST 22, 2024

The legislation, effective January 1, 2025, will increase the current minimum of $15,000 per claimant and $30,000 per occurrence for bodily injury, and $5,000 for property damage (15/30/5), to $30,000 per claimant, $60,000 per occurrence for bodily injury, and $15,000 for property damage (30/60/15).

Auto Insurance 40

Auto Insurance Agents Property Damage Broker-Agent 40

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. is also one of the easiest and least expensive threats to mitigate.

Damage 52

Damage Theft Property Damage Insurance Carrier 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.

Auto Insurance 52

Auto Insurance Premium Insurance Carrier Property Damage 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

Protect Commercial Insurance

JULY 26, 2024

It provides coverage for third-party bodily injury or property damage claims that may arise from accidents on your premises or as a result of your products or services. Product liability insurance protects you in case a customer claims that your product caused them harm or damage.

Commercial 52

Commercial Insurance Broker General Liability Business Interruption 52

Jackson & Jackson

MAY 22, 2024

. “Understanding Multi-Family Property Insurance” Commercial property insurance is a vital safeguard for property owners, protecting their assets against various risks. It covers property damage, loss of income, liability claims, etc.

Property Insurance 52

Property Insurance Commercial Property Commercial Broker-Agent 52

Hunton Andrews Kurth

JULY 20, 2023

The parties agreed that the duty to defend only applied where the “bodily injury” or “property damage” was caused by an “occurrence,” which was defined as “an accident, including continuous or repeated exposure to substantially the same general harmful conditions.” In any event, the ruling is a mixed bag for policyholders.

Commercial General Liability 40

Commercial General Liability General Liability Injury Property Damage 40

Cover4LetProperty

JANUARY 29, 2024

Risk is assessed with respect to the likelihood of loss or damage leading the insured to make a claim, since the settlement of claims paid out to the insured represent a liability for the insurer. If there is an increase in claims or changes in risk factors, insurance premiums may adjust accordingly.

Home Insurance 52

Home Insurance Damage Insurance Insurer 52

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.

Insurance 130

Insurance Insurer Insured Property Insurance 130

Cover4LetProperty

OCTOBER 9, 2022

Let’s see how you can get the broadest possible cover at times like these by taking a look at those elements that might be included as standard items for your particular landlord insurance policy or which may be available as extras or add-ons: Loss of rental income your buy to let property is a business investment that relies on the steady income stream (..)

Liability 52

Liability Insurance Insurer Insured 52

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

Policy Risk Insurance Insurer 130

Jackson & Jackson

AUGUST 16, 2024

Homeowners insurance is a crucial financial safety net for homeowners, providing protection in the event of property damage, loss of personal belongings, or liability for injuries that occur on the premises. Look for reputable companies with a strong financial standing and a history of satisfying their customers’ claims.

Insurance 52

Insurance Insurer Insured Risk 52

Bankers Insurance

NOVEMBER 15, 2023

Property damage: Burst pipes and malfunctioning sprinkler systems can result in substantial water damage to a building’s structure, interior, and equipment, incurring significant repair costs. Failure to uphold a functional sprinkler system can lead to legal compliance problems, fines, and penalties.

Protection 52

Protection Damage Property Damage Building 52

Property Insurance Centre

JANUARY 4, 2024

Unpredictable weather events and the rise in natural catastrophes pose significant challenges for the property insurance industry. Insureds are facing substantial property losses, leading to increased financial burdens. Furthermore, underinsurance can result in delayed or denied claims, leaving property owners in a difficult situation.

Property Insurance 52

Property Insurance Commercial Property Liability Premium 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. As of Monday, 88 deaths across the region had been confirmed, but over 100 people are also missing, which means the death count may be higher.

Damage 79

Damage Property Damage Building Risk 79

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.

Commercial Property 130

Commercial Property Building Damage Policy 130

Cover4LetProperty

DECEMBER 1, 2023

The main difference between home insurance and landlord insurance lies in the intended purpose and cover.

Home Insurance 52

Home Insurance Insurance Insurer Liability 52

Bankers Insurance

AUGUST 8, 2024

For example, if an insured’s property is valued at $1 million, but their coverage limit is $700,000 and their policy includes an 80% coinsurance clause, they would likely receive only $43,750 after incurring $50,000 in property damage from a covered event, depending on when their deductible is applied (700,000/800,000) x 50,000 = 43,750).

Commercial Property 59

Commercial Property Property Insurance Commercial Out-Of-Pocket 59

TGS

OCTOBER 3, 2023

Policy Number If you ever need to file a claim, this policy number is what you will use. This section of your home insurance quote details the coverages relating to your liability: Coverage E ( Personal Liability ) : This covers a claim or lawsuit against you for bodily injury or personal property damage that occurred at your homesite.

Insurance Quotes 52

Insurance Quotes Deductible Home Insurance Out-Of-Pocket 52

Maritime Insurance International

JUNE 5, 2020

Zero Claims. Some providers offer discounts for individuals who have not previously filed a boat insurance claim. When buying boat insurance, you will have the opportunity to select your coverage options. Here’s what you need to know. Driving Record. Some providers may even provide a discount for a good driving record.

Liability 40

Liability Insurance Policy Insurance Insurer 40

Cover4LetProperty

AUGUST 23, 2022

It’s equally important to inform your insurance company – and your mortgage provider – if you change the use of your property from owner-occupied to rental (whether in full or even part). Failing to get this right may result in a future claim being rejected.

Insurance 40

Insurance Insurer Insured Property Insurance 40

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. Product liability insurance protects against claims arising from defective products your business manufactures or sells.

Cyber 52

Cyber Business Insurance Business Interruption Professional Liability Insurance 52

Cover4LetProperty

AUGUST 15, 2022

Such insurance typically is not valid for letting situations and you may find any future claims rejected once the insurance provider discovers that your property is let to tenants. If you’re looking for lower-cost solutions, it’s important not to be swayed into thinking that regular owner-occupier home insurance policies will suffice.

Insurance 52

Insurance Insurer Insured Property Insurance 52

Distinguished

SEPTEMBER 25, 2024

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. Premises liability claims : Legal expenses and liability coverage related to any injuries, including trips and falls, that occur on the site.

Risk 52

Risk Broker-Agent Insurance Insurer 52

Distinguished

SEPTEMBER 10, 2024

Our Builder’s Risk program is a comprehensive insurance solution that covers under-construction properties and their works sites against all the most common risk factors. Our program also offers your clients general liability insurance, which can help cover legal costs that can occur on work sites. 

Risk 52

Risk General Liability Broker-Agent Insurance 52

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 Insurance Insurer Insured 75