Tosten Marketing

FEBRUARY 27, 2025

Water damage can wreak havoc on commercial properties, leading to costly repairs and business disruptions. Commercial property insurance water damage coverage is a complex topic with many nuances. What Water Damage Does Commercial Property Insurance Cover?

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Commercial Property Property Insurance Damage Commercial 52

The Property Insurance Law Observer

JANUARY 23, 2025

District Court for the Middle District of Florida granted the insurers motion in limine and excluded evidence and testimony regarding replacement cost value of damages, matching, and to limit damages to direct physical loss. 2d 684, 690 (Fla. 2d DCA 2008).

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Damage Insurance Insurer Insured 130

Insurance Journal

JANUARY 30, 2025

The Massachusetts standard auto policy does not require an insurer to pay inherent diminished value (IDV) to a claimant whose vehicle is damaged by one of its insureds. The Massachusetts Supreme Court in a 6-0 ruling has upheld dismissal of …

Policy 165

Policy Damage Insurance Insurer 165

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.

Policy 52

Policy Deductible Damage Claim 52

Property Insurance Coverage Law

SEPTEMBER 22, 2024

A recent ruling by a federal trial court stated that the policyholder claimed that a severe hailstorm on May 28, 2021, caused extensive damage to his property, including damage to the roof, vents, flashings, windows, window screens, fascia, gutters, downspouts, and HVAC system. appeared first on Property Insurance Coverage Law Blog.

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Claim Policy Policyholder Damage 187

The Property Insurance Law Observer

FEBRUARY 25, 2025

However, the court granted summary judgment in favor of the insurer on the bad faith claim, emphasizing that a thorough investigation into a questionable claim does not amount to bad faith Background Spinnaker Insurance Company (Spinnaker) issued a homeowners policy to Donald Jackson (Jackson) for a designated residence premises.

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Claim Policy Insurance Companies Damage 130

Insurance Journal

DECEMBER 8, 2024

When hurricanes hit coastal areas, property insurers often breathe a sigh of relief when much of the damage appears to be the result of storm surge and flooding losses that aren’t covered by most homeowners’ policies. But after Hurricane …

Claim 246

Claim Damage Property Insurance Policy 246

The Property Insurance Law Observer

OCTOBER 9, 2024

GeoVera Specialty Insurance Company (2024 WL 3952571), the court affirmed that unambiguous policy limits remain enforceable even when an appraisal award exceeds those limits. In Wood , the insureds, Nancy and John Wood, filed a claim to their insurer, GeoVera Specialty Insurance Company, for property damage following Hurricane Ian.

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Policy Damage Insurance Insurer 130

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]

Damage 130

Damage Business Interruption Property Damage Policy 130

Central Insurance

JUNE 27, 2024

From auto damage to worker injuries, the right insurance coverage can safeguard your painting company’s assets and ensure financial stability. Read our blog to learn five policies you need for painting business insurance.

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Policy Protection Worker Injury Injury 130

Central Insurance

JANUARY 20, 2025

Discover how excavation contractor insurance protects your business from risks like property damage, liability, and equipment loss. The post Excavation Contractor Insurance: Five Policies You Need to Protect Your Business appeared first on Central Insurance Blog.

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Protection Policy Property Damage Liability 130

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

Policyholder 204

Policyholder Damage Property Insurance Insurance Policy 204

The Property Insurance Law Observer

MARCH 12, 2024

The Court considered whether the Plaintiffs’ loss was caused by theft or vandalism, as neither term was defined in the policy. In Cheung, the Plaintiffs, who resided in California, purchased property in scenic Mount Vernon, Washington, in July 2021, and insured the property through a policy of insurance issued by Allstate.

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Theft Insurance Policy Policy Personal Property 130

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 245

Boyle Agency Insurance

NOVEMBER 4, 2024

Floods are natural disasters that can cause extensive damage to homes and properties, leaving homeowners with significant financial burdens. They can occur anywhere, and even minor flooding can cause substantial damage to properties. Costly Repairs The cost of repairing flood damage can be astronomical.

Insurance Policy 75

Insurance Policy Damage Policy Insurance 75

The Property Insurance Law Observer

MARCH 25, 2024

March 11, 2024), the Court determined that the plaintiff property owner, as an additional insured, was not entitled to the same insurance coverage as the named insured where the builder’s risk policy limited the scope of recovery for soft costs and rental income. In doing so, the Court considered several policy provisions.

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Policy Risk Insurance Insurer 130

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. —Dallas Jan. That provision stated: 5. The Windstorm or Hail deductible does not apply to coverage under 7.

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Deductible Policy Damage Property Damage 130

Property Insurance Coverage Law

SEPTEMBER 23, 2024

Key Takeaways: Hazard insurance refers to the part of a homeowners policy that covers damage to the structure. Potential sources of damage include fire, lightning, hail, and windstorms. Knowing exactly what hazard insurance is (and isn’t) can help protect you financially during a crisis. Let’s break it down.

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Damage Property Insurance Insurance Insurer 189

Property Insurance Coverage Law

SEPTEMBER 4, 2024

Yesterday’s post about a Michigan coverage case, Order and Bind Insurance Before the Loss—Commercial Policy Covers Water Damage Under Drain Backup Endorsement, noted that there was also an issue with insurance agent negligence. The duties of an insurance agent to the policyholder will differ depending on state law.

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Policyholder Insurance Agents Insurance Agent Agents 204

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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Policy Policyholder Property Insurance Damage 100

Insurance Journal

OCTOBER 15, 2024

They make insureds less likely to file smaller claims because either damage falls within the deductible, or is so close to it that the policyholder would rather not … Deductibles serve several purposes. They provide some premium relief for the insured.

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Deductible Policyholder Premium Damage 264

Prof. Allan Manning

JULY 29, 2024

A wide range of topics were covered from an update on recent court cases involving general insurance claim decisions, a detailed analysis of the Reasonable Care Condition found in many policies by LMI Legal, lessons learned from business interruption losses by LMI Forensics, issues around storm damage to solar panels by LMI Claims, a detailed run through (..)

Claim 214

Claim Business Interruption License Policy 214

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.

Insurance Companies 130

Insurance Companies Damage Insurance Insurer 130

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.

Damage 90

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. This pesky fungus can cause serious damage to your property, and getting it fully removed can cost a pretty penny. However, whether your policy includes mold issues isnt cut and dry.

Damage 52

Damage Policy Insurance Policy Out-Of-Pocket 52

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. Lets break down the perils typically included in standard policies and additional coverages that businesses might consider.

Commercial Property 52

Commercial Property Property Insurance Commercial Boiler and Machinery 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.

Protection 52

Protection Damage Home Insurance Insurance Policy 52

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.

Property Insurance 130

Property Insurance Damage Casualty Insurance Policy 130

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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Policy Insurance Companies Premium Damage 74

Wren Insurance Agency

JANUARY 22, 2025

Here in Florida unfortunately, we know the incredible damage wildfires can do. And while this is positive news, we feel it's important to understand what your home insurance does (and doesn't) cover when it comes to fire damage. In 1998, dry conditions resulted in more than a half million acres burning to the ground.

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Home Insurance Insurance Insurer Insured 65

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.

Home Insurance 52

Home Insurance Protection Theft Insurance Agency 52

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. The house was insured under a homeowners policy issued by Leatherstocking Cooperative Insurance Company. In Michael Zimmerman v.

Policy 130

Policy Damage Insurance Carrier Insurance Companies 130

TGS

FEBRUARY 28, 2025

What if that charming house has a history of costly water damage, roof issues, or even fire damage? fire, water damage, theft), amount paid, and current claim status. Policy Information Details of the insurance policies under which the claims were filed. But what if theres more to the story?

Home Insurance 52

Home Insurance Claim Damage Insurance Agency 52

Scott Insurance

FEBRUARY 19, 2025

If heavy machinery is used in proximity to the existing apartment buildings, it raises the potential for accidents or property damage. Many builders risk insurers simply refuse to cover the existing structures during a rehab, forcing owners to secure both a builders risk policy and standalone property coverage for the existing structures. .

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Underwriter Underwriting Insurance Insurer 52

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

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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Damage Policy Claim Property Damage 130

Insurance Journal

JANUARY 23, 2025

Catastrophe modeler KCC said insured loss from privately insured and California FAIR plan policies to residential, commercial and industrial properties, and autos from the Palisades and Eaton Fires will be close to $28 billion. That’s in line with estimates issued …

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Commercial Policy Insurance Insurer 244