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Court Differentiates Vandalism from Theft in First Party Insurance Policy

The Property Insurance Law Observer

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.

Theft 130
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Why Museums Should Buy a Stand-Alone Fine Art & Collectibles Policy

Distinguished

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
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Protect Your Adobe Oasis with Essential Home Insurance Tips in Michigan

Shield Insurance Agency

Learn how you can secure your Michigan home against unexpected perils like breaking winds, uncontrollable wildfires, and theft in the guide from Shield Insurance Agency below. Ensure adequate drainage for your indoor and outdoor water systems to prevent water damage.

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What Perils Are Covered by Commercial Property Insurance?

Property Insurance Centre

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.

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What is a Loss History Report?

TGS

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?

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Valuable Articles Insurance : Protect What You Love This Valentine’s Day

TGS

But heres something we often overlook: what happens if that gift is lost, stolen, or damaged? Most standard homeowners or renters insurance policies offer limited coverage for high-value items, often capping jewelry and other valuables at a fraction of their worth. Think of it as a love letter to your most prized belongings.

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Fifth Circuit Holds That Sales Tax is Not a Component of Actual Cash Value

The Property Insurance Law Observer

Ending a putative class action, the United States Court of Appeals for the Fifth Circuit examined policy language and two statutes to hold that an insurer does not owe sales tax on top of an actual cash value payment. Actual cash value of the stolen or damaged property less the deductible; or 2. The address shown in this policy.