The Property Insurance Law Observer

AUGUST 1, 2024

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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Commercial Property Damage Policy Commercial 130

Insurance Journal

NOVEMBER 21, 2024

AP) — A combination of severe hurricane damage to Tropicana Field and political delays on financing means it is highly unlikely the Tampa Bay Rays’ planned new stadium will be ready for the 2028 season, if at … PETERSBURG, Fla. (AP)

Damage 243

Damage Commercial Property Insurance Claim Property Insurance 243

Jackson & Jackson

MAY 22, 2024

Multi-unit commercial properties in California offer investors the potential for significant returns. Investors must understand the importance of securing comprehensive commercial property insurance coverage to protect their investments. It covers property damage, loss of income, liability claims, etc.

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Risk Management Monitor

AUGUST 9, 2022

Last week, a severe thunderstorm unleashed massive hailstones in Alberta, Canada, damaging dozens of cars and unleashing potentially record-breaking hailstones the size of grapefruits. The reality is that large hail typically accounts for a majority of thunderstorm-related losses in North America during any given year.”.

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Damage Claim Commercial Property Deductible 78

The Property Insurance Law Observer

AUGUST 22, 2024

Harleysville Insurance Company , 2024 WL 3792261 (D. 2024), the District Court of Massachusetts found that “collapse” provisions within a commercial property policy were ambiguous where a floor merely sagged without completely falling to the ground. In Life Skills, Inc.

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Building Commercial Property Damage Policy 130

Property Insurance Centre

FEBRUARY 24, 2025

From financial losses to reputational damage, legal battles, and even the risk of shutting down, the impact can be severe. Damage to Reputation and Customer Trust A liability claim can do more than drain your financesit can destroy your reputation.

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Liability Protection Claim Property Insurance 52

Mark Jackson Insurance Agency

MARCH 19, 2025

From property protection to liability coverage, ensuring your business insurance policies align with your expansion is critical. Without the right coverage, unforeseen challenges—such as property damage, employee injuries, or legal issues—could put your investment at risk.

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Workers Compensation Liability Property Damage Injury 52

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 Commercial Property Liability Insurer 52

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. billion in property claims, marking a historic high.

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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. Tailoring Insurance to Fit Your Business Certain industries require specialized coverage.

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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. An immediate response to property damage is crucial.

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The Property Insurance Law Observer

JUNE 13, 2024

2024), to preserve diversity jurisdiction, the United States District Court for the Southern District of New York permitted a plaintiff insured to drop non-diverse, dispensable defendant Underwriters at Lloyd’s, London (“Underwriters”) which subscribed to a commercial property insurance policy. 2024 WL 2830909, (S.D.N.Y.

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Insurance Journal

MARCH 25, 2025

Earlier this month wind damaged the iconic Apex pyramid building in Pawtucket Rhode Island prominently visible from Interstate 95. Now, the city of Pawtucket has removed the remaining exterior panels of the iconic structure, leaving only the skeletal frame. Removal …

Building 130

Building Damage Commercial Property Property Insurance 130

Property Insurance Centre

MARCH 11, 2025

Greater Risk of Unoccupied Properties London has a higher number of buy-to-let and overseas-owned properties , many of which remain vacant for long periods. Unoccupied flats pose risks like water damage and squatting, which insurers consider when pricing policies.

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Insurance Journal

OCTOBER 4, 2024

SPRUCE PINE, N.C. (AP) AP) — Two North Carolina facilities that manufacture the high-purity quartz used for making semiconductors, solar panels and fiber-optic cables have been shut down by Hurricane Helene with no reopening date in sight. Sibelco and The Quartz …

Commercial Property 289

Commercial Property Property Insurance Damage Commercial 289

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. The accuracy of this approach will diminish over time.

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Commercial Property Insurer Insurance Insured 75

Protect Commercial Insurance

MAY 24, 2024

In this article, we will explore five often overlooked insurance policies that can provide valuable coverage for your business. General Liability Insurance General liability insurance is a fundamental policy that covers your business against claims of bodily injury, property damage, and personal injury.

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Insurance Policy Protection Policy Business Interruption 52

Property Insurance Centre

JANUARY 16, 2025

Get a Quote Insurance under one roof We are specialists in many types of insurance GET YOUR QUOTE GET YOUR QUOTE The Growing Need for Commercial Flood Insurance Flooding is the most common natural disaster in the UK, with 5.2 million properties at risk, according to the Environment Agency.

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Property Insurance Centre

SEPTEMBER 11, 2024

Lift Inspection policies will often accompany a Purpose Built Flats Insurance Policy, and for good reason. Although some Purpose Built Flats Insurance policies will provide some cover to machinery and plant for material damage cover, they will not provide any assistance should the lift break down.

Insurance Policy 52

Insurance Policy Policy Boiler and Machinery Insurer 52

Property Insurance Centre

DECEMBER 23, 2024

Do I have the right lock for my insurance ? Being a Commercial Property Owner or Business Owner you will be aware there will be certain conditions within your insurance policy with regard to the Security at the premises. What this lock simply does, is improve the physical security of your property straight away.

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Commercial Property Insurer Insurance Insured 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. Having the right insurance policies in place ensures your business is protected even during the offseason. Start by evaluating your specific risks.

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Business Interruption Theft Liability Insurer 52

Cover4LetProperty

APRIL 16, 2024

But before we actually look at some of the principal ways in which landlord insurance may continue to protect your property, let’s take a look at the different types of landlord there are in the UK. They can range from individual property owners to those who own multiple rental properties as part of their investment portfolio.

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Property Insurance Centre

JULY 21, 2024

Aspray, a leading property damage claims management company, can act on your behalf when you need to make a claim. Aspray’s repeat win is a reflection of their unwavering commitment to delivering top-notch service to their clients, ensuring that they receive the best possible outcome in times of property damage.

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Claim Property Damage Building Property Insurance 52

Protect Commercial Insurance

JANUARY 10, 2025

For brokers, establishing solid insurance referral partnerships can be the golden key to success. These partnerships not only broaden your client base but also offer a seamless solution to meet customer needs across various policy areas, such as commercial property. Remember to keep communication open and schedules flexible.

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Property Insurance Centre

NOVEMBER 11, 2024

This shows the insurer, you are not a persistent claimer, which will inevitably put their account in deficit. Insurers, do not however, look on negatively when a customer claims for substantial damage when they need genuine help. Maintain your property regularly – A well maintained property will lead to less claims.

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Insurer Insurance Insured Premium 52

Property Insurance Centre

AUGUST 28, 2024

Get a Quote Insurance under one roof We are specialists in many types of insurance GET YOUR QUOTE GET YOUR QUOTE Without an adequate alarm system in place, insurers may not offer terms or increase the premium significantly to reflect the extra risk they may be covering.

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Property Insurance Centre

AUGUST 8, 2024

What happens when the unoccupied property becomes empty again? Essentially, the cover you lost will re re-applied to your office buildings policy – such as theft or malicious damage for example will no longer be excluded. What do we recommend as a broker for unoccupied office insurance?

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Property Insurance Centre

SEPTEMBER 25, 2024

See what is not covered in terms of events/damage for your policy and think about getting flood insurance or accidental damage insurance if desired. Accidental damage is not usually covered by a normal building insurance policy. The age and condition of your property is also a significant factor.

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Building Insurer Insurance Insured 52

Property Insurance Centre

JANUARY 30, 2024

Block of flats insurance primarily consists of buildings insurance , which is a requirement imposed by the leases for the individual flats. This type of insurance is designed to safeguard the physical structure of the property, providing financial protection in the event of damage or loss due to various risks.

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Building Insurer Insurance Insured 52

Property Insurance Centre

MAY 20, 2024

This could mean that if the property is insured for 50% of its correct rebuilding cost, the insurer only pays 50% of the claimed amount. damage caused by a leak). The clause or condition of the block of flats insurance policy may vary between insurers. This can apply to a total loss (e.g.

Building 52

Building Liability Insurer Insurance 52

Protect Commercial Insurance

NOVEMBER 22, 2024

Long-term Financial Benefits While the upfront cost of commercial insurance might seem high, consider the long-term savings and financial security it provides. Without insurance, your business could face catastrophic financial loss from property damage, theft, or a lawsuit.

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Property Insurance Centre

JULY 30, 2024

3 By only choosing trustworthy tenants, the chances of problems like late rent or damage decrease. This keeps the property in great shape and stops bigger problems from happening. It stops big damage and saves money on repairs later. It reduces the chances of problems like late rent or damage.

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Protect Commercial Insurance

DECEMBER 6, 2024

With more frequent natural disasters like floods and wildfires, companies are increasingly vulnerable to physical damages and operational disruptions. This real-time information enables insurers to offer dynamic pricing models that reflect actual risk more accurately.

Commercial Insurance 52

Commercial Insurance Commercial Insurer Insurance 52

Majesco

APRIL 11, 2024

There is inflation and its pressure on claims costs, whether it’s medical or it is physical damage to homes and businesses. Some customers can’t afford their insurance and they are decreasing the amount of insurance they have or not purchasing it all together. We have challenges from a macroeconomic perspective.

Commercial Property 40

Commercial Property Risk Claim Deductible 40

Insurance Journal

MARCH 17, 2025

Violent tornadoes ripped through parts of the U.S., wiping out schools and toppling semitractor-trailers in several states, part of a monster storm Friday and Saturday that has killed at least 32 people. The number of fatalities increased after the Kansas …

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Damage Commercial Property Property Insurance Commercial 130

Property Insurance Centre

NOVEMBER 26, 2024

They should look for any signs of wear, damage, or degradation. If the PPE looks damaged, it should be taken out of service and replaced. Workers should replace their PPE if it shows signs of wear, damage, or when the manufacturer advises it. Not replacing worn or damaged PPE can be dangerous.

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Injury Protection Risk Damage 52

Protect Commercial Insurance

MARCH 14, 2025

Commercial property insurance is a key component in this protection, offering a safety net against unexpected disasters. Whether you own a quaint little shop or a sprawling office complex, securing proper insurance means youre prepared for the unexpected.

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Commercial Property Property Insurance Commercial Business Interruption 52