Jackson & Jackson

APRIL 10, 2024

Investing in commercial property is a significant step for any entrepreneur or business entity. Insurance plays a pivotal role in safeguarding your property and your financial future. Here are five critical considerations you should keep in mind regarding insurance when buying or investing in commercial property.

Commercial Property 52

Commercial Property Commercial Business Interruption Out-Of-Pocket Expense 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.

Property Insurance 52

Property Insurance Premium Insurance Insurer 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.

Property Insurance 52

Property Insurance Commercial Property Liability Premium 52

Insurance Journal

JULY 14, 2024

By Ezra Amacher A Texas nonprofit health system who purchased a specialized commercial property insurance policy is not covered for business interruption losses caused by COVID-19, a 5th Circuit Court of Appeals panel ruled, relying on existing precedent that COVID-19 …

Business Interruption 130

Business Interruption Commercial Property Property Insurance Commercial 130

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.

Property Insurance 52

Property Insurance Policyholder Insurance Insurer 52

The Property Insurance Law Observer

AUGUST 1, 2024

In Zurich American Insurance Company v. Medical Properties Trust, Inc. Background The insurers issued commercial property policies that provided coverage for a hospital. As such, the Court stated that such ambiguity warranted resolution in favor of the insureds. 2024 WL 3504060 (Mass.

Commercial Property 130

Commercial Property Damage Commercial Policy 130

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. During the policy period, the insured’s floor “sunk” between eight to 12 inches.

Commercial Property 130

Commercial Property Building Damage Policy 130

Insurance Journal

OCTOBER 8, 2024

who now works for billionaire climate investor Tom Steyer, says commercial real estate deals will increasingly need to price in rising insurance costs, as hurricane seasons get more destructive … Joseph Sumberg, a former managing director at Goldman Sachs Group Inc.

Commercial 277

Commercial Risk Insurance Insurer 277

Property Insurance Centre

SEPTEMBER 11, 2024

What does a Lift Inspection Policy cover in conjunction with a Purpose Built Flats Insurance Policy? Lift Inspection policies will often accompany a Purpose Built Flats Insurance Policy, and for good reason. It therefore makes sense to ‘bolt-on’ an additional Lift Policy to your Purpose Built Flats Insurance.

Insurance Policy 52

Insurance Policy Policy Boiler and Machinery Insurance 52

Property Insurance Centre

AUGUST 28, 2024

Corner Shop Insurance and BT Redcare Alarm changes Business Owners who have corner shop insurance are all to aware of the benefits an appropriate intruder alarm system will have, both in relation to their insurance premiums (or in being given an insurance policy at all in some cases) and to the physical security of their goods.

Insurance 52

Insurance Insurer Insured Property Insurance 52

Property Insurance Centre

AUGUST 8, 2024

How to get Empty Office Insurance Empty office Insurance If you are a property owner of an office. If that office becomes empty, whether it be short term or on a longer term basis, your requirements will almost certainly change, and most important you will need Empty Office Insurance.

Insurance 52

Insurance Insurer Insured Premium 52

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.

Underwriting 130

Underwriting Underwriter Commercial Property Property Damage 130

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. Accounting for new assets is a straightforward process of addition.

Commercial Property 75

Commercial Property Insurance Insurer Insured 75

Jackson & Jackson

APRIL 29, 2024

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.

Commercial Property 52

Commercial Property Property Insurance Commercial Broker-Agent 52

Property Insurance Centre

SEPTEMBER 25, 2024

Top Building Insurance Pitfalls Here are some common pitfalls to avoid when getting building insurance in the UK: – Underinsuring. Insure your building at the amount that it will cost to rebuild it and not at the current market value when securing block of flats insurance. – Not considering inflation.

Building 52

Building Damage Insurance Insurer 52

Property Insurance Centre

JULY 21, 2024

Their comprehensive approach, combining expert knowledge, personalised service, and a keen attention to detail, has earned them a stellar reputation among policyholders and insurers alike. Key Factors Behind Aspray’s Success 1.

Claim 52

Claim Property Damage Property Insurance Building 52

Insurance Journal

SEPTEMBER 19, 2024

Jewelers Mutual Insurance, one of the largest and oldest jeweler-focused insurers in the country, plans to lease a full floor of a new officer tower in downtown Raleigh, North Carolina, a move that will create about 200 jobs, according to …

Insured 252

Insured Insurance Insurer Commercial Property 252

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.

Liability 52

Liability Insurance Insurer Insured 52

Jackson & Jackson

APRIL 28, 2024

Investing in property in California is a significant financial decision, and safeguarding your assets with the right insurance is crucial. However, many property investors, especially those new to the field, fall into common traps with their insurance choices. In California, consider adding earthquake and flood insurance.

Business Interruption 52

Business Interruption Out-Of-Pocket Expense Out-Of-Pocket Broker-Agent 52

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 Commercial Damage 289

LexisNexis

SEPTEMBER 17, 2024

Read now » Related Content Cybersecurity and Data Privacy in Commercial Real Estate Learn about key considerations for evaluating cybersecurity and data privacy practices when counseling owners of commercial real estate (CRE), including steps for mitigating the risk of unauthorized release or exposure of data in the possession of CRE owners.

Commercial Property 40

Commercial Property Commercial Commercial General Liability General Liability 40

Insurance Journal

AUGUST 21, 2024

CHARLESTON, W.Va. (AP) AP) — West Virginia Gov. Jim Justice, deep in the middle of a U.S. Senate race, is also in a mad-dash legal fight to keep a historic West Virginia hotel at his luxury resort before it’s auctioned off …

Commercial Property 263

Commercial Property Property Insurance Commercial Liability 263

Protect Commercial Insurance

MAY 24, 2024

While you may have the basic insurance policies in place, such as property and general liability insurance, there are several other essential insurance policies that you might be overlooking. In this article, we will explore five often overlooked insurance policies that can provide valuable coverage for your business.

Insurance Policy 52

Insurance Policy Protection Policy Business Interruption 52

Cover4LetProperty

APRIL 16, 2024

It makes sense, therefore, to protect that investment with one of the wide range of products designed to provide the safeguards you need, according to the changing circumstances of your property holding. They can range from individual property owners to those who own multiple rental properties as part of their investment portfolio.

Insurance 52

Insurance Insurer Insured Property Insurance 52

Property Insurance Centre

MAY 20, 2024

Block of Flats Insurance Glossary of Terms Understanding the Declared Value The Declared Value is a figure that represents the rebuild cost of a block of flats or property converted into flats, including garages, outbuildings, walls, car parking, electronic gates, etc., if it was completely destroyed. damage caused by a leak).

Building 52

Building Liability Liability Insurance Insurance 52

Property Insurance Centre

JULY 30, 2024

This means respecting their privacy, evicting them correctly, and keeping the property safe and well-kept. Secure Appropriate Financing and Insurance If you have a mortgage on your home and want to rent it out, you should tell your mortgage lender first. What type of financing and insurance do landlords need?

Building 52

Building Property Insurance Policy Commercial 52

Risk Management Monitor

AUGUST 9, 2022

In 2021, insurers faced multiple billion-dollar loss events resulting from severe convective storms in the United States, with the greatest damage inflicted by hail that impacted the Plains, Midwest, Southeast and Northeast. In other words, the “inception of loss” date starts the one-year clock ticking. Lowen Valley View, L.L.C.

Damage 78

Damage Claim Commercial Property Deductible 78

Majesco

APRIL 11, 2024

Most insurers are in a sort of pressure-cooker situation where challenges are creating pressure and good decisions need to be made. I recently asked three of my creative and respected colleagues to share insights on how insurers might respond. For the full conversation, see 2024 Trends Reshaping the Insurance Business — Are You Ready?

Commercial Property 40

Commercial Property Risk Claim Deductible 40