Property Insurance Coverage Law

SEPTEMBER 25, 2024

In my basic course about property insurance coverage to public adjusters, and as a standard issue regarding case intake at Merlin Law Group, I first emphasize to always make certain the named insureds and clients have a right to bring the claims. appeared first on Property Insurance Coverage Law Blog.

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Property Insurance Insurance Policy Policy Insurance 203

Property Insurance Coverage Law

AUGUST 28, 2024

An “other insurance” clause is a provision found in property insurance policies that establishes how a loss is to be apportioned among insurers when more than one policy covers the same loss. The original purpose of an “other insurance” clause is debatable.

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Property Insurance Insurance Policy Policy Policyholder 177

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

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Policyholder Damage Property Insurance Insurance Policy 203

Property Insurance Coverage Law

JANUARY 5, 2025

I often hear this question when discussing a loss with a potential client or public adjuster: Chip, isnt it an all-risk insurance policy? This question is often in response to a question I asked them: What caused the loss?

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Policyholder Property Insurance Insurance Policy Policy 214

Property Insurance Coverage Law

DECEMBER 30, 2024

Insurance policyholders do not read the insurance policies that are sold to them. The insurance contracts are not even provided to the policyholder until after the product is purchased.

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Insurance Agents Insurance Agent Policy Agents 190

Insurance Journal

AUGUST 25, 2024

Simply mailing a cancellation notice to a policyholder, when viewed in the context of other indicators, was enough to comply with state law and void a homeowner’s insurance policy shortly just weeks before a fire destroyed a home, the North …

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Policyholder Insurance Policy Policy Insurance 285

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

The Property Insurance Law Observer

MARCH 20, 2025

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. 2025 WL 371016) (S.D.N.Y.

Property Damage 130

Property Damage Damage Insurance Insurer 130

The Insurance Pro

JANUARY 25, 2025

How Life Insurance Products Develop Returns The return on cash values is driven by unique elements depending on the type of life insurance policy. For whole life insurance , we focus on the dividend interest rate. For universal life insurance policies we focus on the interest rate payable on the policy.

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Life Insurance Policy Insurance Policy Policyholder 95

Cowbell

FEBRUARY 6, 2025

At Cowbell, weve long believed that prevention is better than cure , and we strive to deliver more than just an insurance policy to fall back on. This blog post aims to provide everyoneCowbell employees, broker partners, and policyholders alikewith a comprehensive overview of what CRS entails and why it matters.

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Policyholder Cyber Broker Risk 52

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. The Louisiana case involved a hydrocarbon production facility damaged … The post When Is a Policy “Blanket”?

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Policy Policyholder Property Insurance Damage 100

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, …

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Policyholder Insurance Policy Policy Insurance 147

Property Insurance Coverage Law

FEBRUARY 5, 2025

A recent viral social media post following the California wildfires has brought to light a critical issue: homeowners are finding their insurance claims denied because their properties are held in trusts, yet the trusts are not listed on their insurance policies.

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Insurance Claim Claim Insurance Policy Insurance 100

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

Property Insurance Coverage Law

FEBRUARY 16, 2025

California fire insurance policies must provide an insured a minimum of 12 months from the inception of the loss to bring any suit or action on the policy for recovery of any claim. Code 2071.

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Claim Property Insurance Insurance Policy Policy 100

Property Insurance Coverage Law

OCTOBER 6, 2024

National flood insurance is unlike any other insurance. I have received numerous calls from furious Hurricane Helene policyholders after learning how little coverage is afforded for the non-elevated floor of a multi-story building under their flood insurance policies.

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Building Insurance Claim Claim Policyholder 130

Property Insurance Coverage Law

AUGUST 21, 2024

Ohio Casualty Insurance Company, 1 is a case decided last week involving vacancy clauses often found in property insurance policies, the impact of forfeiture clauses, and how those clauses can be waived. Sinjel, L.L.C.

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Casualty Insurance Property Insurance Insurance Policy Insurance Companies 202

Property Insurance Coverage Law

NOVEMBER 23, 2024

A recent court decision highlights why policyholders need to understand both the benefits and limitations of Inflation Guard Endorsements in their property insurance policies. While these endorsements aim to protect against underinsurance, they may not provide the complete protection many assume they do.

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Property Insurance Policyholder Insurance Policy Protection 100

Property Insurance Coverage Law

DECEMBER 14, 2024

Anytime these happen, policyholders need to be careful that their residential insurance policies do not stop providing full coverage. Death, divorce, disease, disability and wealth often lead to situations where people may change homes or have multiple places to live.

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Policyholder Property Insurance Insurance Policy Insurance 100

LexisNexis

AUGUST 14, 2024

CA Insurance Commissioner Orders Moratorium on Cancellations for Fire-Impacted Homeowners California Insurance Commissioner Ricardo Lara issued a one-year moratorium on the cancellation or non-renewal of residential insurance coverage for more than 185,000 policyholders impacted by recent major fires in the state.

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Insurance Policy Policy Insurance Insurer 70

The Insurance Pro

DECEMBER 28, 2024

At that time, Ohio National Announced it plans to demutualize and dramatically changed its dividend calculation for whole life insurance policy holders. The policyholder whose policy we used in this analysis decided to cancel. The policyholder whose policy we used in this analysis decided to cancel.

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Policy Policyholder Life Insurance Insurance Policy 52

Property Insurance Coverage Law

FEBRUARY 5, 2025

A recent viral social media post following the California wildfires has brought to light a critical issue: homeowners are finding their insurance claims denied because their properties are held in trusts, yet the trusts are not listed on their insurance policies.

Insurance Claim 124

Insurance Claim Claim Insurance Policy Insurance 124

ProWriters

FEBRUARY 23, 2025

As war is driving cyber security concerns around the globe, more organizations are turning to Cyber Insurance for protection. But these policies may not always offer the levels of protection purchasers think they do. Cyber Insurance war exclusions can leave businesses vulnerable to financial loss.

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Cyber Insurance Insurer Insured 53

QuickQuote

JULY 23, 2023

If your loved one didn’t leave a clear record of a life insurance policy, it can be difficult to know how to find an old life insurance policy. We break down the main steps on how to find out if someone has life insurance, so you can easily find out whether the deceased had an.

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Life Insurance Insurance Policy Policy Insurance 40

Boyle Agency Insurance

MARCH 31, 2025

Bogle Agency Insurance offers Wedding Insurance to help you avoid the possibility of a disaster that can ruin the day. We serve NJ policyholders in Bergen County where we are located, and greater New Jersey. We provide expert advice regarding Wedding Insurance to make sure that your big day goes off without a hitch.

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Insurance Insurer Insured Property Damage 52

Property Insurance Coverage Law

DECEMBER 4, 2024

Insurance policies are like a box of chocolates—you never quite know what you’re going to get. Zurich American Insurance Company, 1 maybe you do, but the label on the box has you scratching your head. You might think Zurich American Insurance Company is the insurer after reading … The post Who Is the Insurer?

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Insurance Policy Insurance Companies Property Insurance Insurance 100

Distinguished

MARCH 20, 2025

Landlord insurance which covers both liability and property damageis particularly sensitive to housing violations. Both resolved and unresolved violations can affect the terms, premiums, and overall coverage of these policies. What role can insurance brokers play in managing these challenges for their clients?

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Broker License Insurance Broker Risk 52

The Property Insurance Law Observer

MARCH 4, 2024

At issue in the case was the application of the policy’s wear and tear exclusion and its exceptions. The insurance policy covered direct physical loss but contained an exclusion for physical damage caused by wear and tear, marring or deterioration.

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Damage Policy Claim Property Damage 130

Boyle Agency Insurance

FEBRUARY 20, 2025

Top Coverage, Top Service A Chubb Masterpiece Homeowners Insurance policy provides outstanding protection for your home as well as providing exceptional service. In addition to being covered by their excellent insurance, Chubb offers to inform policyholders of how best to prevent future losses.

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Insurance Insurer Insured Insurance Carrier 52

P&L Financial Services

AUGUST 29, 2024

Myth 1: Senior Benefits Agents Are Just Salespeople One of the biggest misconceptions about senior benefits agents is that their job is solely about selling insurance policies. This training covers everything from the basics of Medicare to the nuances of various plans and policies.

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Policyholder Risk Agents Insurance 52

Distinguished

MARCH 19, 2025

Landlord insurance which covers both liability and property damageis particularly sensitive to housing violations. Both resolved and unresolved violations can affect the terms, premiums, and overall coverage of these policies. What role can insurance brokers play in managing these challenges for their clients?

Building 52

Building Broker Damage Insurance Broker 52

American Agents Alliance

FEBRUARY 14, 2025

Cross-selling is an important tool for independent insurance agents and brokers, but it must be done ethically. Policyholders benefit from their agents expertise and knowledge when cross-selling is done well. Learn more about the ethics of cross-selling and how to use it to help policyholders in this blog.

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Broker-Agent Insurance Agent Insurance Agents Broker 52

Bankers Insurance

MAY 16, 2024

TIPS FOR BUYING HOME INSURANCE For millions of Americans, home insurance remains an essential financial safeguard. These policies can provide critical financial security as homeowners seek to protect their fiscal stability and property. Even among typical homeowners policies, premiums likely increased year over year.

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Home Insurance Policyholder Insurance Insurer 52

Smart Insurance Agents

SEPTEMBER 7, 2024

Dependent Definition For Health Insurance Terms In health insurance, a dependent is a person who follows certain rules set by the insurance policy. They can get health coverage under the plan of the policyholder. Dependents get the same or similar health benefits as the main policyholder.

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Policyholder Insurance Insurer Insured 52

Hunton Andrews Kurth

MARCH 3, 2023

A comprehensive cyber policy covers attorneys’ fees and costs associated with formal regulatory or administrative investigations, including any resulting in penalties or fines. However, policyholders should be aware of the terms of their policies.

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Cyber Policy Policyholder Insurance 52

Property Insurance Centre

MARCH 19, 2024

Understanding Consumer Education and Property Insurance As an informed consumer, education on consumer rights and property insurance is crucial. It empowers individuals to make informed decisions about insurance coverage and understand their policy rights. Leads to confusion and potential gaps in coverage.

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Property Insurance Policyholder Insurance Insurer 52

American Agents Alliance

JULY 17, 2024

Agents and brokers play important roles in the digital claims management process, from educating policyholders on loss mitigation to helping insureds file claims and work with their insurers. Data shows about 6% of homeowners filed a claim under their homeowners insurance policies during the five years ranging from 2018 to 2022.

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Broker-Agent Broker Agents Claim 52