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Construction Defects Are Not Covered Property Damage in Commercial Liability Policy

Insurance Journal

A home builder is not covered under the property damage coverage in its commercial liability policy for construction defects for which it was responsible. A three-judge panel of the Massachusetts Appeals Court has held for the first time that “construction …

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What Are the Risks of Liability Only Auto Insurance?

TGS

TGS Insurance Blog Lets be realwhen its time to pick an auto insurance policy, most of us are just hunting for the cheapest option that doesnt leave us totally exposed. But heres the catch: while snagging a bargain feels great, going too leanlike with liability only auto insurancecan leave you vulnerable in ways you might not expect.

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Insurers Say Honda and Local Dealer Should Pay for Damages Caused by Car Fire

Insurance Journal

Three insurers that paid more than $1 million in auto and property damage claims to a New York couple and their homeowners association are attempting to recover the payments from the giant car maker and local dealership. The claims stemmed …

Damage 278
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Contractor Insurance is Essential for Home Improvements

Boyle Agency Insurance

Without proper insurance, you could be held liable. When hiring contractors for home projects, ensuring they have proper insurance coverage is crucial. Let’s explore why verifying contractor insurance matters and how it shields your property during renovations or repairs.

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New Triple-I Issue Brief Puts the Spotlight on Georgia’s Insurance Affordability Crisis

Triple-I: Homeowners Insurance

Insurance affordability in Georgia is dwindling as claim frequency and insurer costs soar, according to the latest issue brief from Insurance Information Institute (Triple-I), Trends and Insights: Georgia Insurance Affordability. The five-year average count for liability claims increased 24.9

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What is LRO Insurance?

Central Insurance

LRO insurance provides comprehensive protection against commercial property damage, liability claims, and income loss. In this article, we explore the key differences between LRO and general liability insurance and why commercial landlords need to have this coverage. The post What is LRO Insurance?

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5 Types of Insurance for Retail Stores

Central Insurance

Learn about the essential types of insurance for retail stores and how to protect against risks like theft, liability, and property damage. The post 5 Types of Insurance for Retail Stores appeared first on Central Insurance Blog.