Remove Insurance Policy Remove License Remove Property Damage
article thumbnail

Lack of Insurable Interest Precludes Recovery for Property Damage

The Property Insurance Law Observer

Hawley Insurance Co. 2025)), the United States District Court for the Southern District of New York determined that the plaintiff lacked an insurable interest in property it insured because it did not own or possess the property or suffer economic loss due to the propertys destruction.

article thumbnail

Renovations and Home Insurance: What You Need to Know

Boyle Agency Insurance

Standard home insurance policies typically have restrictions regarding vacant homes, and this specialized coverage can bridge the gap during renovation periods. Builder’s Risk Insurance For major renovations or construction projects, builder’s risk insurance can be invaluable.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Keeping Coverage Affordable: California Drivers Will See Auto Insurance Rate Increases in 2025

Freeway Insurance

million licensed drivers, meaning approximately 4.7 Many insurance professionals recommend taking steps now to handle a possible increase when you renew your insurance policy. What’s Causing the 2025 Insurance Boost in California?

article thumbnail

What to Do After a Car Accident: A Step-by-Step Guide

TGS

In many states, you’re required to file a police report for accidents that involve injuries or significant property damage. Plus, having a police report on file can help you later when dealing with insurance claims. You’ll need their name, contact details, insurance policy number, and driver’s license information.

Injury 52
article thumbnail

Understanding Consumer Education and Property Insurance

Property Insurance Centre

One effective way insurers can contribute to consumer education is by including educational materials with insurance policies. An immediate response to property damage is crucial. This documentation serves as evidence and can support their claims. The importance of accurate documentation cannot be overstated.