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Insurancepolicies protect you from the cost of replacing lost, damaged, or stolen items: or at least, that’s how they’re supposed to work. But what happens if your insurancecompany refuses to pay what you are owed?
Finding the best renters insurancepolicy is a cost-effective approach to safeguard your things against damage or theft. These […] The post The Best Renters InsuranceCompanies in the United States in 2025: Low Rates and Excellent Service appeared first on My Top Insurance Blogs.
Liberty Mutual InsuranceCompany , the U.S. Court of Appeals reviewed a summary judgment ruling in favor of co-defendant West American InsuranceCompany (“West American”), issued by the U.S. Subsequently, West American issued payment for the damages it deemed to be covered and non-cosmetic.
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.
The United States District Court for the Western District of Washington decided an insurance coverage case involving Plaintiffs Benny and Guangying Cheung and Defendant Allstate Vehicle and Property InsuranceCompany. Plaintiffs argued that the damage was covered under the policy, primarily resulting from theft.
American Guarantee and Liability InsuranceCompany , the United States District Court for the District of Massachusetts held that a loose bolt or fitting that could be remedied simply by tightening it did not constitute “direct physical loss of or damage” to equipment covered under an all-risk property insurancepolicy. [1]
Now that we are in the thick of the official hurricane season here in Florida, you may have noticed - if you recently tried to bind a new home insurancepolicy - that most carriers will stop writing up to a week or two prior to a named storm possibly impacting the state. The more damage, the more likely premiums will rise at renewal.
Sorting through the list of top homeowners insurancecompanies in Florida can be a challenging task due to the variety of options available. This is why I have taken the pain to craft this publication on the best homeowners insurancecompanies in Florida this 2024.
What if that charming house has a history of costly water damage, roof issues, or even fire damage? This is where a loss history report comes inits like a propertys report card for past insurance claims. A loss history report provides a record of insurance claims filed on a property, typically over the past five to seven years.
The New York Supreme Court recently weighed in on what constitutes “reasonable care” to maintain heat in the context of a first-party insurancepolicy exclusion requiring such reasonable care. The house was insured under a homeowners policy issued by Leatherstocking Cooperative InsuranceCompany.
In Zurich American InsuranceCompany v. 23, 2024), the Supreme Judicial Court of Massachusetts held that the term “surface waters,” as used in a limitation contained in commercial property insurancepolicies, was ambiguous in the context of rainwater accumulating on roofs, thereby finding coverage for the insured.
A federal court recently held that an insurer could not deny coverage under a homeowner’s policy based upon the failure of the named insured’s son, an “insured person,” to submit to an examination under oath (“EUO”). Allstate Vehicle and Property InsuranceCompany , Civil Action No. In Michelle Adeola v.
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.
Harleysville InsuranceCompany , 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.
The gray zone poses significant challenges for not only legal frameworks but also insurancepolicies. For example, when the NotPetya malware attacked pharmaceutical giant Merck, it brought down more than 40,000 of the company’s machines. But thats a pretty dangerous road to go down for an insurancecompany.
These impacts not only affect the day-to-day operations of companies but also play a crucial role in shaping the insurancepolicies designed to protect these properties. These disasters cause exponential damage to commercial properties. These disasters cause exponential damage to commercial properties.
Standard home insurancepolicies typically have restrictions regarding vacant homes, and this specialized coverage can bridge the gap during renovation periods. Builder’s Risk Insurance For major renovations or construction projects, builder’s risk insurance can be invaluable.
Reduce the effects of storm damage, burst pipes, gas leaks, flooding, fires, and power outages by following these tips. Emergency home repair #1: Storm damage. Severe winds, rain , tornados , hurricanes , and hail can cause structural damage to your home. Take photos of the damage for your insurance records.
When a NJ disaster strikes, whether it’s a fire, storm, or burglary, your home and belongings can suffer significant damage. This Bogle Agency Insurance blog post will guide you through the necessary steps to take after a disaster strikes and how to navigate the home insurance claims process smoothly.
Does Home Insurance Provide Coverage for Burglary? While each home insurancepolicy differs, they typically provide coverage for burglary. If your home has been burglarized recently, your home insurancepolicy may cover the cost of repairing any damage caused by the burglars.
Many insurance professionals recommend taking steps now to handle a possible increase when you renew your insurancepolicy. What’s Causing the 2025 Insurance Boost in California? One of the primary reasons for the 2025 California car insurance increase is legislative. 1, 2025 is here.
See what is not covered in terms of events/damage for your policy and think about getting flood insurance or accidental damageinsurance if desired. Accidental damage is not usually covered by a normal building insurancepolicy. – Provided that add-ons are part of the lease.
Michigan is a state with unique auto insurance requirements that can sometimes be confusing to navigate. Among these requirements, collision coverage is a significant aspect that drivers should understand in order to make informed decisions about their insurancepolicies.
Small Insurance Claims Can Raise Premiums Small insurance claims, such as those for minor property damage, may seem like a hassle to deal with. Many policyholders may be tempted to file a claim for every little incident in the belief that their insurancepolicy will cover all damages.
When buying a home, your mortgage company will require you to purchase homeowners insurance. Lenders want to ensure their interest in the property is protected if an unfortunate disaster damages it. Our knowledgeable agents at Paragon Independent Insurance Agency in Plano, TX, are here to help.
Sustained losses inflicted by natural disasters spurred some insurancecompanies to pull out of the homeowners insurance market in high-risk areas, such as California and Florida, leaving residents with fewer options and higher prices. In most cases, home insurancepolicies include personal liability coverage.
What you should share with the insurancecompany to help save on cost without compromising coverage. Notify your insurer and broker as soon as possible, detailing how, when, and where the loss occurred and what property may be damaged. Take all reasonable steps to protect yourself from further damage.
Avoid standing in the middle of the road or putting yourself in harm’s way while assessing the damage. In many states, you’re required to file a police report for accidents that involve injuries or significant property damage. Plus, having a police report on file can help you later when dealing with insurance claims.
21, 2022), the insured, Dude Products, Inc., sought coverage from its insurer, Harleysville Preferred InsuranceCompany, against a class action lawsuit that alleged Dude Products intentionally and falsely marketed its wipes as “flushable” even though the product allegedly did not break apart and caused “clogs and other sewage damage.”
TGS Insurance » Blog 5 Must-Know Tips for Comparing Home Insurance Quotes Choosing the right home insurancepolicy can sometimes feel like trying to find the perfect coffee order—it’s a delicate balance between what you need and what works best for your wallet. Not every policy covers every peril. That’s right.
Understanding Small Business Insurance in California The Basics of Business Insurance Before diving into the world of insurance savings, it’s crucial to understand the basics of business insurance. Small business insurance covers property damage, liability claims, and employee-related risks.
Agents and brokers play important roles in the digital claims management process, from educating policyholders on loss mitigation to helping insureds file claims and work with their insurers. Data shows about 6% of homeowners filed a claim under their homeowners insurancepolicies during the five years ranging from 2018 to 2022.
Coastal homes in Florida, for example, face higher premiums due to the increased risk of hurricanes, flooding, and wind damage. Conversely, homes further inland or in areas with lower crime rates often benefit from lower insurance costs. The more risks your area poses, the more your insurancecompany will charge to protect you.
Here are a few key areas to consider: Property Insurance Your tailoring business likely has valuable equipment, such as sewing machines, cutting tables, and fabric inventory. Property insurance can protect these assets from damage or loss due to fire, theft, or other covered perils. These discounts can help reduce your premiums.
Theft, damage during transport, or accidental breakage can devastate a collection that has taken years to assemble. Unfortunately, these unique risks are rarely appropriately covered by standard homeowner insurancepolicies. What is Collectibles Insurance?
How to Reduce Home Insurance Premiums without Compromising on Coverage Home insurance is many people’s key protector; it provides one with the needed cover once loss or damage occurs. The good news is that one can reduce home insurance premiums without necessarily sacrificing the cover that you get.
Multiple People Can Sign at Once For insurancepolicies or claims that require multiple signatures, e-signature platforms offer a significant advantage. As soon as a client completes the signing process, the insurancecompany is instantly notified.
How to Read Your Homeowners Insurance Quote 1. InsuranceCompany 2. Policy Number 3. Name of Insured 4. Policy Period 5. Insured Address 6. InsuranceCompany The name of the carrier that will be insuring your home can be found at the top of your quote. Deductibles 8.
Every year your home grows older, it becomes more prone to issues such as plumbing leaks, electrical faults, or roof damage—all of which can lead to costly insurance claims. Insurancecompanies take this aging process into account when assessing risk, and as your home’s structure and systems age, the likelihood of a claim increases.
Complications from impacted wisdom teeth, such as pain, infections, and damage to adjacent teeth, often necessitate their removal to maintain oral health. Both medical and dental insurance are often discussed in relation to coverage for wisdom teeth extraction, making it crucial to understand the specifics of your policy.
This guide aims to shed light on the basics of homeowners insurance, the challenges specific to California’s insurance market, the reasons why finding coverage is more challenging now, tips for homeowners to navigate these obstacles, and a glimpse into the future of homeowners insurance in the state.
Understanding Commercial Insurance Commercial insurance is an essential part of safeguarding your business against unforeseen events that could lead to financial loss. It provides protection against a plethora of risks, including property damage, liability claims, theft, and even employee injuries.
If two carriages collided, there simply wasnt a huge risk of damage due to their low speed. Laying Down the Law: The First Car InsurancePolicies Motorized automobiles started cropping up in the late 1800s. Soon after, companies started offering auto coverage to help protect drivers.
The principal costs of running your buy to let business are likely to include the mortgage repayments (typically, in the case of buy to let mortgages, these are likely to be interest-only mortgages), the cost of repairs and maintenance, any letting agent’s fees, and landlords’ insurance. What do I do with the deposit I ask my tenants for?
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