The Property Insurance Law Observer

SEPTEMBER 16, 2024

(“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. Background In November 2019, West American [1] issued an insurance policy providing coverage for the Insured’s commercial shop buildings.

Insurance Companies 130

Insurance Companies Damage Insurer Insurance 130

Insurance Journal

SEPTEMBER 11, 2024

Mississippi’s insurance commissioner is reminding policyholders that once Hurricane Francine moves across Louisiana, it will likely bring strong winds and heavy rains to the western part of the Magnolia State. And residents should be prepared by reading their insurance policies, …

Policyholder 147

Policyholder Insurance Policy Policy Insurer 147

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.

Property Insurance 130

Property Insurance Damage Casualty Insurance Policy 130

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.

Insured 130

Insured Insurance Insurer Property Insurance 130

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.

Home Insurance 40

Home Insurance Insurance Agency Insurance Policy Theft 40

LexisNexis

AUGUST 27, 2024

Cybersecurity Insurance Analyze types of risk to an enterprise that may be covered by cybersecurity insurance. Cybersecurity Insurance Policies Review Checklist Discover key issues and risks that should be considered when reviewing a cybersecurity insurance policy.

Cyber 40

Cyber Business Interruption Insurance Carrier Insurance Policy 40

Property Insurance Centre

SEPTEMBER 25, 2024

Accidental damage is not usually covered by a normal building insurance policy. These can be added to your policy for an additional premium. Exclusions Building insurance policies will have exclusions, which are specific events or circumstances that are not covered by your policy.

Building 52

Building Insurer Insurance Insured 52

Paragon Independent Insurance Agencies

SEPTEMBER 16, 2024

Make it a point to review your insurance documents and physically inventory items within your business premises. Document any identified gaps in your insurance policy and make necessary modifications to ensure ample business protection. Past Claims Examining past insurance claims can provide valuable insights.

Commercial Insurance 40

Commercial Insurance Commercial Protection Financial Loss 40

Mark Jackson Insurance Agency

JULY 23, 2024

Reducing Accidents and Insurance Claims The insights provided by telematics can directly contribute to a reduction in accidents and related insurance claims. Contact us today to learn more and review your commercial auto insurance policy. Read the full article at www.markjacksoninsurance.com

Commercial 52

Commercial Auto Insurance Insurance Claim Claim 52

Insurance Journal

NOVEMBER 19, 2024

Insurance carriers may want to examine policy language – and what information they request from insureds – after the U.S. Supreme Court let stand a lower court’s ruling which could force Argo Group to cover claims that a wood-treating company …

Insurance Carrier 245

Insurance Carrier Policy Claim Insurer 245

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. Pros: Faster Claims Processing: Since you’re dealing with your own insurer, claims are often processed more quickly.

Auto Insurance 52

Auto Insurance Injury Damage Property Damage 52

Mark Jackson Insurance Agency

APRIL 1, 2024

This detailed list of your possessions not only aids in the homeowner insurance claim process, but also helps in the recovery and replacement of lost items. This additional layer of documentation can help provide proof of ownership and value, which can be critical for high-value item claims.

Theft 52

Theft Insurance Policy Claim Policy 52

Shield Insurance Agency

JULY 8, 2024

By exploring your options and understanding the available coverage, you can find a policy that suits your requirements. Life Insurance Without Age Limit Contrary to popular belief, there are life insurance policies available that do not have age limits.

Life Insurance 52

Life Insurance Insurance Agency Insurer Insurance 52

Property Insurance Centre

JANUARY 30, 2024

Freehold Block of Flats Insurance: Top Cover Tips If you own a freehold block of flats , it’s crucial to have the right insurance coverage to protect your investment. Standard home insurance policies may not provide adequate protection for the unique risks associated with a block of flats.

Insurer 52

Insurer Insurance Insured Building 52

ProWriters

NOVEMBER 12, 2024

In February 2024, Change Healthcare, whose technology powers the processing of some 15 billion medical bills and insurance claims a year, suffered a ransomware attack. Watch our Cyber U video about why healthcare organizations need Cyber Insurance. Several major breaches have made headlines.

Cyber 52

Cyber Liability Insurance Protection Liability 52

TGS

NOVEMBER 1, 2024

Plus, having a police report on file can help you later when dealing with insurance claims. A police report can be an invaluable piece of documentation when sorting out insurance claims or liability issues later. You’ll need their name, contact details, insurance policy number, and driver’s license information.

Injury 52

Injury Home Insurance Damage Claim 52

Triple-I: Homeowners Insurance

APRIL 5, 2024

With this forecast in mind, now is ideal time for homeowners and business owners to review their policies with an insurance professional to ensure they have the right amount and types of coverage. Flood policies are offered through FEMA’s National Flood Insurance Program (NFIP) and dozens of private insurers.

Damage 52

Damage Auto Insurance Policy Insurance Policy 52

Triple-I: Homeowners Insurance

JUNE 19, 2024

By Max Dorfman, Research Writer, Triple-I The total value of lightning-caused homeowners insurance claims rose more than 30 percent in 2023, to $1.27 billion from $950 million in 2022, Triple-I estimates based on national claims data provided by State Farm. The number of claims rose 13.8 of Claims Avg.

Claim 52

Claim Damage Protection Policyholder 52

Shield Insurance Agency

APRIL 19, 2024

Michigan is a state with unique auto insurance requirements that can sometimes be confusing to navigate. Among these requirements, collision coverage is a significant aspect that drivers should understand in order to make informed decisions about their insurance policies.

Auto Insurance 52

Auto Insurance Deductible Out-Of-Pocket Insurance Agency 52

Shield Insurance Agency

AUGUST 1, 2024

As a Customer Service Representative/Account Manager at Shield Insurance Agency, your primary responsibilities will be answering phones and emails from existing customers to assist them with making changes to their current insurance policies, quoting new business and re-quoting, processing billing payments, and filing and tracking claims.

Insurance Agency 52

Insurance Agency Insured Insurance Insurer 52

Protect Commercial Insurance

MAY 13, 2021

The following 5 Permissions are necessary if you’re advising or transacting on Commercial Insurance 1. This includes recommending a specific insurance policy to a customer. Assisting in the administration and performance of an insurance contract. Advising on investments (except on Pension Transfers and Pension Opt-outs).

Commercial Insurance 52

Commercial Insurance Commercial Broker-Agent Insurer 52

Shield Insurance Agency

JUNE 11, 2024

Review your home insurance policy. Click here to Download the Thunderstorm Safety Checklist and read the full article from the Red Cross More Blogs by Shield Insurance Agency Protect Your Finances: The Truth About Small Insurance Claims Shield Insurance Agency is Now Hiring!

Insurance Agency 52

Insurance Agency Home Insurance Auto Insurance Building 52

Maritime Insurance International

JUNE 5, 2020

A common question is whether or not home insurance policies cover boats. The fact is that some home policies do and some do not. If your boat is worth more than the coverage offered by your home insurance policy, purchasing a dedicated boat insurance policy is a good idea. Zero Claims.

Insurance Policy 40

Insurance Policy Liability Insurer Insurance 40

TGS

OCTOBER 17, 2023

A captive agent is obligated to sell you an insurance policy with one specific carrier. In order to accomplish that, a captive agent is biased to convince you that their carrier offers the best insurance for you. Impartiality is one of the key benefits of an independent insurance agent.

Insurance Agent 52

Insurance Agent Insurance Agents Agents Insurance 52

Risk Management Monitor

DECEMBER 8, 2022

The New York law requires that an insured defendant disclose information about any insurance policies sold or delivered in New York that could be applicable to a plaintiff’s claim. This requires careful assessment to ensure compliance while avoiding potentially unnecessary insurance disclosures.

Claim 49

Claim Risk Insurer Insurance 49

InsuredMine

AUGUST 27, 2024

Multiple People Can Sign at Once For insurance policies or claims that require multiple signatures, e-signature platforms offer a significant advantage. This acceleration is particularly important in claim situations where timely responses can significantly impact customer satisfaction.

Insurer 96

Insurer Insurance Insured Claim 96

TGS

OCTOBER 25, 2024

Every year your home grows older, it becomes more prone to issues such as plumbing leaks, electrical faults, or roof damage—all of which can lead to costly insurance claims. When the cost of replacing or repairing homes rises, so does the amount insurers have to pay out in claims.

Home Insurance 52

Home Insurance Premium Out-Of-Pocket Insurer 52

Bankers Insurance

SEPTEMBER 12, 2023

When a contract mandates a waiver of subrogation, it means that you are relinquishing your insurance carrier’s right to seek compensation from another party, typically the party you are under contract with. Often, an endorsement is added to the policy, explicitly referencing the specific contract to clarify this.

Insurance Carrier 52

Insurance Carrier Compensation Deductible General Liability 52

Bankers Insurance

AUGUST 8, 2024

Most commercial property insurance policies include coinsurance clauses, which encourage policyholders to carry reasonable and accurate coverage amounts. Depending on the severity of property losses and rebuilding operations, these out-of-pocket costs could lead to major financial setbacks or even bankruptcy.

Commercial Property 59

Commercial Property Property Insurance Commercial Out-Of-Pocket 59

Constant Contact

JANUARY 28, 2021

Feel free to include these common questions: When should I update my life insurance coverage? Under what circumstances should I file an auto insurance claim? How do umbrella insurance policies work? Should I bundle my auto and homeowners insurance? Will my credit history influence my insurance rates?

Insured 52

Insured Insurer Insurance Life Insurance 52

Risk Management Monitor

NOVEMBER 8, 2021

One of the first steps in obtaining commercial property insurance is to determine the value of the property being insured. The reported property value will drive premium amounts and, importantly, represents the property loss exposure.

Commercial Property 75

Commercial Property Insurance Insured Insurer 75

Property Insurance Centre

JANUARY 4, 2024

This is a significant concern as it leaves property owners vulnerable to potential financial losses in the event of a claim. Furthermore, underinsurance can result in delayed or denied claims, leaving property owners in a difficult situation. Why are outdated property valuations a concern for property insurance?

Property Insurance 52

Property Insurance Commercial Property Liability Premium 52

Property Insurance Centre

MARCH 19, 2024

Equipping policyholders with knowledge and resources ultimately helps prevent claims disputes and improves overall customer satisfaction. One effective way insurers can contribute to consumer education is by including educational materials with insurance policies.

Property Insurance 52

Property Insurance Policyholder Insured Insurance 52

Risk Management Monitor

AUGUST 9, 2022

As companies assess their natural disaster preparedness, there are some proactive measures that should be taken specifically for hail to leave organizations best positioned for any resulting insurance claims. Let’s say you operate a business in Plano, Texas, and have a commercial property policy with a renewal date of January 1, 2022.

Damage 78

Damage Claim Commercial Property Insurance Policy 78