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Explaining Deductibles After Multiple Florida Hurricanes

Insurance Journal

Deductibles serve several purposes. They provide some premium relief for the insured. 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 …

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Tornado Damage During Hurricanes: Navigating the Deductible Dilemma

Property Insurance Coverage Law

This year, a record-tying … The post Tornado Damage During Hurricanes: Navigating the Deductible Dilemma appeared first on Property Insurance Coverage Law Blog. Opinions expressed are solely his own and are not meant to express the views or opinions of the IAUA.

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What to Know About Deductibles After Multiple Florida Hurricanes

Insurance Journal

Deductibles serve several purposes. They provide some premium relief for the insured. 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 …

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WILDFIRE DEDUCTIBLES

Rough Notes

What role can they play in property insurance? Separate wildfire deductibles could be critical in securing coverage for a peril that is location-specific yet popping up all across the continent. They in this case are peril-specific deductibles in property insurance […] By Joseph S.

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Decision: Insurer Prevails on Motion in Limine to Exclude RCV Evidence at Trial

The Property Insurance Law Observer

Clear Blue Specialty Insurance Company , No. 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. In the recent decision Marquez v. 6:23-cv-2025-ACC-DCI, 2024 U.S.

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Will California’s FAIR Plan Have Enough Cash for Its Wildfire Claims?

Insurance Journal

There has been some question about whether California’s insurer of last resort the FAIR Plan has enough cash on hand to pay for its share of wildfire claims. While cash is limited and reinsurance has a deductible that …

Claim 264
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Michigan DIFS Urges Residents to Review Policies Amid Winter Risks

Insurance Journal

The Michigan Department of Insurance and Financial Services (DIFS) is urging residents to review their auto, home, and renters’ insurance policies to ensure they fully understand their coverage and have a plan to pay policy deductibles in the event of …

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