article thumbnail

Does Commercial Property Insurance Cover Water Damage?

Tosten Marketing

Water damage can wreak havoc on commercial properties, leading to costly repairs and business disruptions. At Tosten Marketing, we often hear from business owners wondering about their insurance coverage for such incidents. Commercial property insurance water damage coverage is a complex topic with many nuances.

article thumbnail

Bad Faith and Vexatious Refusal in Missouri

Property Insurance Coverage Law

It ensures that insurance companies fulfill their obligations promptly and fairly. The concept of vexatious refusal to pay is a critical safeguard for Missouri policyholders.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Bad Faith and Vexatious Refusal in Missouri

Property Insurance Coverage Law

It ensures that insurance companies fulfill their obligations promptly and fairly. The concept of vexatious refusal to pay is a critical safeguard for Missouri policyholders.

article thumbnail

How Climate Change is Shaping Insurance Policies for Commercial Properties

Protect Commercial Insurance

Introduction Climate change isn’t just an environmental buzzword; it’s rapidly becoming a pivotal factor in the world of insurance, especially for commercial properties. As we face more frequent and intense extreme weather events, insurers are re-evaluating their policies to better manage these growing risks.

article thumbnail

How to Reduce Your Commercial Property Insurance Costs: Tips and Strategies

Jackson & Jackson

Commercial property insurance is a significant expense for property investors and owners. This article outlines practical tips and strategies to help commercial property owners in California minimize their insurance expenses while maintaining adequate protection for their investments.

article thumbnail

Court Addresses Whether Rainwater Accumulation on Roof Constituted “Surface Water”

The Property Insurance Law Observer

In Zurich American Insurance Company v. Medical Properties Trust, Inc. Background The insurers issued commercial property policies that provided coverage for a hospital. 2024 WL 3504060 (Mass.

article thumbnail

Does a sagging floor constitute a “collapse”? Court finds ambiguity in “collapse.”

The Property Insurance Law Observer

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.

Building 130