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Lack of Insurable Interest Precludes Recovery for Property Damage

The Property Insurance Law Observer

The Courts decision was supported by the following factors: Ownership and possession: insurable interest required the business to have a direct economic interest in the property. Here, the business did not demonstrate any direct economic impact from the restaurant propertys damage.

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Renovations and Home Insurance: What You Need to Know

Boyle Agency Insurance

It provides coverage for property damage and theft of building materials during the renovation process. Hire Licensed Contractors: Ensure that contractors and workers are licensed and insured to minimize liability risks. This coverage safeguards your investment from unexpected setbacks.

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Driving Without Insurance in Florida

TGS

10,000 in Property Damage Liability (PDL): Pays for damage you cause to someone elses property in an accident. Heres what you could face: Fines and Fees: A first offense can result in a fine of up to $500, plus additional reinstatement fees to get your license and registration back.

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Driving Without Insurance in Florida

TGS

Property Damage Liability (PDL): $10,000 minimum to cover damage you cause to another person’s property. License and Registration Suspension : If you’re caught driving without insurance, your driver’s license, registration, and license plates could be suspended. Here’s where things can get sticky.

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

Freeway Insurance

million licensed drivers, meaning approximately 4.7 On January 1, 2025, California raised its minimum liability insurance requirements, nearly doubling the mandatory coverage for bodily injury and property damage. According to the California Department of Motor Vehicles (DMV), California has around 27.65

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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. You’ll need their name, contact details, insurance policy number, and driver’s license information. Make sure to capture not just the vehicles, but also the license plates and the general environment.

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A Guide to Classic Car Insurance

TGS

Classic car insurance starts with the minimum liability requirements established by your state (for both property damage and bodily injury ). At TGS Insurance, our team of licensed agents is here for you. These policies are customized to fit the needs of your vehicle, so no two policies will be the same.