The Property Insurance Law Observer

MARCH 12, 2024

On November 20, 2021, after the home was vacant for an extended period of time, unidentified individuals broke into and damaged Plaintiffs’ property, taking various items. Plaintiffs argued that the damage was covered under the policy, primarily resulting from theft. Citing to Allemand v. State Farm Ins. Companies, 160 Wn.

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Property Insurance Coverage Law

AUGUST 4, 2024

Insurance policies 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 insurance company refuses to pay what you are owed?

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The Property Insurance Law Observer

SEPTEMBER 23, 2024

American Guarantee and Liability Insurance Company , 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 insurance policy. [1]

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Property Insurance Coverage Law

JANUARY 6, 2025

In yesterdays post, Policyholders and Public Adjusters Often Need to Hire Their Own Experts, the court found that the insurance policy did not provide coverage for the claimed damages for two primary reasons.1

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The Property Insurance Law Observer

SEPTEMBER 16, 2024

The 6th Circuit held that the property policy’s cosmetic damage exclusion applied to bar coverage because the insured, J&S Welding, Inc. Insured”), failed to disclose or produce any expert evidence to rebut the conclusions of the West American’s three experts, who determined the roof’s damage was merely cosmetic.

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Frankenmuth Insurance

OCTOBER 24, 2024

Household leaks, small and large, can lead to structural damage and hefty repair bills. But with some proactive measures, you can significantly reduce the risk of water damage to your home, and prevent future hassles. Our experts are weighing in with insider advice to avert water damage that starts both inside and outside your home.

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Damage Insurance Insurer Insured 90

Freeway Insurance

NOVEMBER 19, 2024

You know that your home insurance is there to help you recoup your costs and repair damages to your home after an unexpected situation. But does homeowners insurance cover mold? This pesky fungus can cause serious damage to your property, and getting it fully removed can cost a pretty penny.

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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. In that case, a hotel filed a lawsuit against its insurer for refusing to cover hail-related roof damage under a commercial property insurance policy.

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TGS

APRIL 23, 2025

The Rising Tide of Roof Claims Several factors contribute to the surge in roof claims: Wind and Hail Damage: These elements were the primary drivers of loss costs, accounting for over half of all residential claims in 2024. Aging Roofs: Approximately 38% of U.S. Longer Claim Resolution Times: The average claim cycle time has reached 32.4

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Property Insurance Centre

FEBRUARY 10, 2025

Whether you own an office building, a retail store, a warehouse, or a manufacturing facility, this type of coverage safeguards your physical assets, ensuring financial stability in the face of damage or loss. But what exactly does commercial property insurance cover? Below are the most common perils covered: 1.

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Commercial Property Property Insurance Commercial Boiler and Machinery 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. Ensure your insurance policy is up-to-date.

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Workers Compensation Liability Property Damage Inland Marine Insurance 52

Mark Jackson Insurance Agency

MARCH 5, 2025

Exterior view of a suburban home by Binyamin Mellish Severe weather can strike at any time, bringing heavy rain, strong winds, hail, snow, or extreme heat that can damage your home. Preparing your property in advance can minimize potential damage, reduce costly repairs, and keep your family safe.

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Shield Insurance Agency

FEBRUARY 28, 2025

Ensure adequate drainage for your indoor and outdoor water systems to prevent water damage. Investing in a home insurance policy with comprehensive fire protection can help shield your home from wildfire-related damage.

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The Property Insurance Law Observer

OCTOBER 16, 2024

The court emphasized that under both the insurance policy’s plain language and Florida Statute §627.7011(3)(a), payment of replacement cost value is contingent upon the actual completion of repairs. Universal”) after their property sustained water damage that led to mold. in damages. in damages.

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Property Insurance Damage Casualty Insurance Policy 130

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. Breakdown – Damage to any item of Plant caused by its own Breakdown.

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Insurance Policy Policy Boiler and Machinery Insurance 52

Top Insurance Blogs

APRIL 14, 2025

Finding the best renters insurance policy is a cost-effective approach to safeguard your things against damage or theft.

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Insurance Companies Theft Premium Damage 52

Shield Insurance Agency

MAY 12, 2025

Whether you own a motorhome, pop-up, ATV, or other recreational toys, it’s crucial to ensure they have the right insurance coverage. It’s a common misconception that standard auto insurance policies will cover recreational vehicles. Standard policies typically do not extend to these types of vehicles.

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Out-Of-Pocket Expense Out-Of-Pocket Auto Insurance Insurance Policy 59

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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Wren Insurance Agency

JANUARY 22, 2025

Here in Florida unfortunately, we know the incredible damage wildfires can do. These risks are rated at a local level, not national, so the current fires in California will not affect Florida's home insurance rates. In 1998, dry conditions resulted in more than a half million acres burning to the ground.

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TGS

FEBRUARY 28, 2025

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.

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Claim Home Insurance Damage Insurance Agency 52

Protect Commercial Insurance

MAY 9, 2025

From unforeseen damage to potential customer mishaps, there’s a lot to consider to keep your business running smoothly. That’s where retail shop and salon insurance come into play. Without the right insurance, the costs associated with incidents like these can quickly escalate.

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Liability Insurance Business Interruption Liability Insurance 40

Jackson & Jackson

NOVEMBER 16, 2024

Ensuring your business has the right insurance policies is not just a smart decision—it’s essential for long-term success. Here are the top 6 insurance policies every IT business in California should have to safeguard their operations. General Liability Insurance Even in a digital world, physical risks exist.

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Insurance Policy Policy General Liability Workers Compensation Insurance 52

The Property Insurance Law Observer

MARCH 4, 2024

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.

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Property Insurance Coverage Law

NOVEMBER 24, 2024

Insurance policies that provide broad coverage across multiple items or locations can be a policyholder’s best friend. A recent federal court decision in Louisiana 1 highlights the complexities in determining whether a policy provides blanket or scheduled coverage – a distinction that can significantly impact claim payments.

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Mark Jackson Insurance Agency

MAY 7, 2025

Before making any purchases or policy changes, speak with your insurance agent to determine the best setup for coverage, cost, and flexibility. Review Your Insurance Coverage Most auto insurance policies require you to inform the insurer when a new driver is added to your household.

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Distinguished

MARCH 10, 2025

While adding these items to a property or package policy might seem convenient, museums face unique exposures that such generalized policies often fail to address. A stand-alone Fine Art & Collectibles insurance policy is designed to provide museums with comprehensive coverage of the items and their vulnerabilities.

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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. That’s why it’s crucial to consider other insurance policies to protect your business comprehensively.

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Protect Commercial Insurance

OCTOBER 11, 2024

These impacts not only affect the day-to-day operations of companies but also play a crucial role in shaping the insurance policies designed to protect these properties. These disasters cause exponential damage to commercial properties. These disasters cause exponential damage to commercial properties.

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The Property Insurance Law Observer

AUGUST 22, 2024

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.

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Building Commercial Property Damage Policy 130

Protect Commercial Insurance

APRIL 11, 2025

Image courtesy: Unsplash Definition and Overview Commercial property insurance is a type of insurance designed to protect your business premises and the contents within from loss or damage. This type of policy covers a wide array of potential hazards, including fire, theft, vandalism, and certain natural disasters.

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Commercial Property Property Insurance Commercial Insurance 52

TGS

SEPTEMBER 6, 2023

TGS Insurance » Blog Do You Need to Tell Your Homeowners Insurance About Home Renovations? When taking on new home renovations, your homeowners insurance policy might not be the first thing on your mind. However, for many home renovation projects, you will need to inform your insurance agent.

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The Property Insurance Law Observer

MAY 21, 2024

The New York Supreme Court recently weighed in on what constitutes “reasonable care” to maintain heat in the context of a first-party insurance policy exclusion requiring such reasonable care. On January 2, 2019, a real estate broker arrived at the house and discovered extensive water damage. In Michael Zimmerman v.

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Paragon Independent Insurance Agencies

APRIL 15, 2025

Does Home Insurance Provide Coverage for Burglary? While each home insurance policy differs, they typically provide coverage for burglary. If your home has been burglarized recently, your home insurance policy may cover the cost of repairing any damage caused by the burglars.

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Top Insurance Blogs

APRIL 15, 2025

Livestock insurance is one of the best things that happened to farmers and ranchers. Whether they will have a bad year or a good year depends on the livestock insurance policy they subscribed to.

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The Property Insurance Law Observer

FEBRUARY 14, 2024

29, 2024)), the Court determined that the term “windstorm” was ambiguous as utilized in the subject insurance policy. The insureds suffered property damage caused by a tornado and subsequently submitted a claim to their insurer. Texas cases have uniformly applied windstorm coverage to damage caused by tornadoes.

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Freeway Insurance

DECEMBER 24, 2024

Once you purchase your first house and set up a homeowners insurance policy , you may think that your insurance needs will be taken care of for as long as you own the house. However, reviewing your home insurance policy on a regular basis is essential if you want to fully protect your property.

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The Property Insurance Law Observer

MARCH 18, 2024

Specifically, the Court affirmed that the duty to submit to an EUO, as included in the insurance policy, applied only to a “named insured” and not an “insured person” and, as such, the named insured’s son failure to comply did not constitute a material breach of the insurance policy.

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