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Commercial Property

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Property Damage

Lack of Insurable Interest Precludes Recovery for Property Damage

The Property Insurance Law Observer

MARCH 20, 2025

2025)), the United States District Court for the Southern District of New York determined that the plaintiff lacked an insurable interest in property it insured because it did not own or possess the property or suffer economic loss due to the propertys destruction. Hawley Insurance Co. 2025 WL 371016) (S.D.N.Y.

Property Damage

Property Damage Damage Insurance Insured

Understanding Consumer Education and Property Insurance

Property Insurance Centre

MARCH 19, 2024

An immediate response to property damage is crucial. Policyholders should be educated on the importance of documenting damage as it occurs, including taking photographs or videos of the affected areas. This documentation serves as evidence and can support their claims.

Property Insurance

Property Insurance Policyholder Insurance Insured

Insurance Industry Brief

Lack of Insurable Interest Precludes Recovery for Property Damage

Understanding Consumer Education and Property Insurance

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