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A New York Times article written by Rukmini Callimachi,California Bill Would Force Insurers to Pay Full Coverage Without Requiring Itemization,is something many policyholders of the recent Los Angeles wildfires wished was the law right now. appeared first on PropertyInsurance Coverage Law Blog.
A New York Times article written by Rukmini Callimachi,California Bill Would Force Insurers to Pay Full Coverage Without Requiring Itemization,is something many policyholders of the recent Los Angeles wildfires wished was the law right now. appeared first on PropertyInsurance Coverage Law Blog.
North American specialty insurance brokerage Risk Strategies reports it has acquired Felsen Insurance Services, Inc., a New Jersey-based agency offering commercial and personalproperty/casualty insurance. Terms of the deal were not disclosed. Established in 1985, Felsen is based in Denville, …
Little things of personalproperty carry immense emotional value to us because they often serve as tangible symbols of our intangible experiences, relationships, and identities. When speaking … The post The Emotional Impact of Recovery from Wildfires appeared first on PropertyInsurance Coverage Law Blog.
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.
One of the more complex damage issues that must be addressed in all fire, smoke, and heat claims is the amount of damage to personalproperty in areas of a structure far away from the main fire.
December 10, 2024 Arrowhead General Insurance Agency, Inc. This non-admitted product is a collaboration between Arrowhead’s PersonalProperty division and a top-rated insurance carrier, recognized … SAN DIEGO, CA., has announced the launch of a new California E&S Homeowners program.
The notice, which doesnt have the force of law, gave insurers until Feb. 28 to inform the Department of Insurance by Feb. 23 Lara issued a bulletin reminding insurers and adjusters that under the state of emergency declared by Gov. 28 whether they will comply with Laras request.
Business personalpropertyinsurance (BPP) covers any transportable items your business owns. The post What is business personalpropertyinsurance (BPP)? Things you can pick up and carry, basically. That includes tools and equipment you take out of the office with you to do your work.
June 24, 2024) offers valuable lessons for policyholders regarding the importance of cooperation in the insurance claims process. In Marcantel , the plaintiff suffered damage from Hurricane Laura at two properties in Louisiana. The ruling in Marcantel emphasizes the importance of cooperation in the insurance claims process.
It's hard to imagine the enormous impact this tragic event will have on the state's insurance industry. Yet today, as Florida residents watch the news in California, seeing how many personal residences are being demolished by the flames, many are wondering what the impacts will be to Florida's already-challenging home insurance market.
The United States District Court for the Western District of Washington decided an insurance coverage case involving Plaintiffs Benny and Guangying Cheung and Defendant Allstate Vehicle and PropertyInsurance Company. Allstate Vehicle & Prop. C22-1174 TSZ, 2023 WL 9000432 (W.D. Citing to Allemand v. State Farm Ins.
TGS Insurance » Blog Do You Need to Tell Your Homeowners Insurance About Home Renovations? When taking on new home renovations, your homeowners insurance policy might not be the first thing on your mind. However, for many home renovation projects, you will need to inform your insurance agent.
Despite the dangers and expense associated with living in high-risk areas, large numbers of people are still moving to parts of America most impacted by wildfires, flooding and extreme heat. According to a new report from real estate company Redfin, …
Introduction When it comes to protecting your property, the type of insurance you choose can make a big difference. Whether you’re a landlord with several rental properties or a homeowner looking to safeguard your family home, understanding your insurance needs is essential. Who Needs Landlord Insurance?
TGS Insurance » Blog What Is a Homeowners Insurance Quote? A homeowners insurance quote is the proposed amount that you would pay an insurance carrier to cover your home. The quote will be based on many factors, including your home’s age, building features, location and size, as well as your insurance score.
In Florida, a townhome is either insured as a single-family home (through an HO3 policy), or as a condominium (an HO6). The type of propertyinsurance you need is dependent on how your community is insured as a whole. The cost of lodging and transportation in the event of loss of use is also included in an HO6 policy.
As stories of resilience and courage emerge and the fires are contained, agents and brokers provide critical insurance support for policyholders. When consumers do not carry sufficient insurance coverage, everyone is at risk. Agents can provide policyholders with inventory lists and checklists to help them document their property.
While every policy is different, in most cases, homeowner’s insurance policies only offer limited coverage for boats. In this post, we’ll walk you through everything you need to know about whether or not homeowner’s insurance covers boats and the advantages of purchasing a dedicated boat insurance policy instead.
Unfortunately, these unique risks are rarely appropriately covered by standard homeowner insurance policies. In this guide, we’ll explore the world of collectibles insurance: what it covers, how it differs from standard homeowners policies, and why it’s essential for serious collectors. What is Collectibles Insurance?
TGS Insurance » Blog With hurricane season in full force, South Carolina residents living on the coast must protect their homes from the upcoming storms. Understanding how windstorm insurance works in these areas is the first step in adequately protecting your home. Does South Carolina Require Windstorm Insurance?
Once you purchase your first house and set up a homeowners insurance policy , you may think that your insurance needs will be taken care of for as long as you own the house. However, reviewing your home insurance policy on a regular basis is essential if you want to fully protect your property.
However, when it comes to homeowners’ insurance, the Golden State poses unique challenges for homeowners. In 2024, finding homeowners insurance in California has become increasingly difficult due to various factors. What is Homeowners Insurance?
Block of Flats Insurance Glossary of Terms Understanding the Declared Value The Declared Value is a figure that represents the rebuild cost of a block of flats or property converted into flats, including garages, outbuildings, walls, car parking, electronic gates, etc., if it was completely destroyed. damage caused by a leak).
Shield Insurance Blog | Renter’s Insurance | Contact Our Office Today! If you’re renting an apartment or house in Michigan, you’ve probably considered getting renters insurance. But what exactly does a renters insurance plan in Michigan offer, and how can it benefit you?
This is a role insurance agents often play — and disaster planning is always more effective when it is proactive. How to Help Policyholders With Proactive Disaster Planning An important start to disaster planning is considering whether or not a potential loss would be covered by insurance.
SB 261 specifically excludes insurance companies. These broad definitions of “covered entity” and “reporting entity” mean that SB 253 and SB 261 impose reporting requirements for more entities than the SEC’s proposed rulemaking for climate disclosures, which would cover only publicly traded corporations.
Amidst the whirlwind of changes, it’s crucial not to overlook the practical aspects of merging your lives, especially when it comes to insurance. Addressing your insurance needs as a married couple can ensure you’re both protected and can even save you money. Here are key insurance considerations for newlyweds.
HIPAA Qualified Protective Order Use this template, which conforms to the Health Insurance Portability and Accountability Act of 1996 (HIPAA), Pub. 104-191, in federal court proceedings to obtain protections when introducing protected health information (PHI) in litigation.
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