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

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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American Agents Alliance

OCTOBER 24, 2024

By Mark Robinson In July 2024, a significant class action lawsuit was filed against the California FAIR Plan, accusing the state’s fire insurance backstop of improperly denying smoke damage claims in violation of California Insurance Code Sections 2070 and 2071.

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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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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

Mark Jackson Insurance Agency

OCTOBER 16, 2024

Umbrella insurance is designed to offer an extra layer of liability protection, stepping in when your standard insurance coverage limits have been reached. Umbrella insurance covers these additional costs, ensuring that you’re not left financially vulnerable.

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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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Property Insurance Damage Insurance Policy Insurance Companies 163

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

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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Commercial Property Damage Policy Commercial 130

Frankenmuth Insurance

NOVEMBER 14, 2024

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.

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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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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

TGS

NOVEMBER 18, 2024

The Basics: Defining a No-Fault State At its core, a no-fault state is one where your car insurance policy takes care of your medical expenses and certain other costs, regardless of who caused the accident. That’s where additional coverage types, like Property Damage Liability (PDL) and Bodily Injury Liability (BIL) , come into play.

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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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Wren Insurance Agency

OCTOBER 23, 2024

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 insurance policy - 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.

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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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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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Property Insurance Centre

SEPTEMBER 25, 2024

See what is not covered in terms of events/damage for your policy and think about getting flood insurance or accidental damage insurance if desired. Accidental damage is not usually covered by a normal building insurance policy. – Provided that add-ons are part of the lease.

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Protect Commercial Insurance

NOVEMBER 15, 2024

Designed to protect your business from unforeseen risks, commercial insurance can offer the peace of mind you need to focus on what truly matters—growing your business and serving your clients. – Liability Insurance : Protects businesses against claims of negligence or harm caused by their products or services.

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Paragon Independent Insurance Agencies

OCTOBER 31, 2024

Prevent External Damage One of the most essential benefits of a carport or a garage is the external damage prevention you have on your vehicle. Leaving it in the sun exposed to the elements can damage your vehicle. A carport will prevent sun damage, but it doesn’t eliminate all weather, like an enclosed garage.

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Mark Jackson Insurance Agency

JULY 8, 2024

This can lead to significant water damage, a common cause of home insurance claims. Additionally, turning off the water supply can mitigate potential damages should an accidental puncture occur. It's essential to ensure that your home insurance policy covers the new additions to your home.

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Paragon Independent Insurance Agencies

JUNE 28, 2024

Then, adjust your insurance policy accordingly. Your residential insurance policy can list the items you invest in. The insurance coverage will protect against unforeseen damage and theft. Be aware that some events may not be included in a standard insurance policy.

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Paragon Independent Insurance Agencies

SEPTEMBER 30, 2024

Ensure your tiny house is insured against theft and damage. Begin by conducting a comprehensive home assessment, then select residential coverage to include in your insurance policy. Home Insurance Like any other residence, a tiny home is eligible for various types of home insurance coverage.

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Top Insurance Blogs

FEBRUARY 20, 2024

It is undeniable that homeowners and landlords in Florida have suffered devastating damages to their homes. These damages have necessitated the need for homeowners insurance in Florida and we can overemphasize it.

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Paragon Independent Insurance Agencies

JULY 31, 2024

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.

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The Property Insurance Law Observer

MARCH 25, 2024

Moreover, the Court rejected the property owner’s argument that the policy was illusory because it did not afford an additional insured the same coverage as the named insured.

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Property Insurance Centre

MAY 20, 2024

Consequences of Underinsurance In the event of a claim on the block insurance policy , the insurer or its appointed loss adjuster may check to see that the Declared Value is adequate. If it is not, they may rely upon a clause within the insurance policy called Average, Average Condition, or Underinsurance.

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Boyle Agency Insurance

MAY 3, 2024

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.

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Mark Jackson Insurance Agency

MAY 21, 2024

While operating a business from home offers convenience and flexibility, it also necessitates careful consideration of insurance needs. Traditional home insurance policies often fall short of covering the unique risks associated with running a business from home.

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Liability Business Interruption Professional Liability Insurance Home Insurance 52

Wren Insurance Agency

SEPTEMBER 3, 2024

Overflow of inland or tidal waters, heavy runoff from significant rainfall, collapse or destabilization of land along a body of water due to erosion, or unexpected wave activity can all cause flooding events in your home that aren't covered by your typical HO3 policy.

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Paragon Independent Insurance Agencies

MARCH 15, 2024

When acquiring new home appliances, consider incorporating them into your existing home insurance policy. Don’t hesitate to contact our representatives at Paragon Independent Insurance Agency for assistance updating your personal insurance policy. Insuring items that you use regularly is a wise choice.

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Jackson & Jackson

MARCH 18, 2024

However, just like any valuable possession, protecting them with the right insurance policy is crucial. In this guide, we will explore the importance of luxury handbag insurance, its coverage, how to choose the right policy, and the steps to insure your cherished bags. “What Does Handbag Insurance Cover?”

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Distinguished

OCTOBER 31, 2024

Notify your insurer and broker as soon as possible, detailing how, when, and where the loss occurred and what property may be damaged. Insurance companies often have resources that can be dispatched immediately to help mitigate the damages and prevent additional losses. Strategies for keeping people safe?

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Top Insurance Blogs

FEBRUARY 20, 2024

In today’s article, we shall be looking at the Florida vehicle insurance requirements for anyone that desires to drive within Florida without going against the law. Basic Information About Driving a Vehicle in Florida What type of car insurance policy is required by law in Florida?

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Corvus

JUNE 18, 2024

General liability insurance is the most regularly purchased insurance policy among small businesses. But the financial and reputational repercussions from cyberattacks are just as real as property damage, and hurt businesses of all sizes. That’s why cyber is tricky.

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Frankenmuth Insurance

NOVEMBER 7, 2024

Damage and maintenance issues. Once you’ve tackled these bumper sticker safety concerns, audit your auto insurance policy. Bumper stickers can obstruct your view if they are large, opaque, or poorly placed. Reduce the risk of blind spots by placing stickers on the lower parts of your bumper rather than on the windows.

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Triple-I: Homeowners Insurance

APRIL 5, 2024

The widespread damage incurred from Idalia last year highlighted the importance of being financially protected from catastrophic losses – and that includes having adequate levels of property insurance and flood coverage,” said Triple-I CEO Sean Kevelighan.

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