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Preserving and Presenting Personal Property Evidence Before and After Demands For Appraisal—How Nationwide Licked a Texas Attorney

Property Insurance Coverage Law

Nationwide Insurance made the following argument to a federal judge regarding an appraisal case where the real property loss was appraised to be less than what Nationwide paid, and the remainder was never shown or … The post Preserving and Presenting Personal Property Evidence Before and After Demands For Appraisal—How Nationwide Licked a Texas (..)

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What is business personal property insurance (BPP)?

InsuranceBee

Business personal property insurance (BPP) covers any transportable items your business owns. The post What is business personal property insurance (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. And items you’d … Read more.

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Risk Strategies Acquires Felsen Insurance of New Jersey

Insurance Journal

a New Jersey-based agency offering commercial and personal property/casualty insurance. North American specialty insurance brokerage Risk Strategies reports it has acquired Felsen Insurance Services, Inc., Terms of the deal were not disclosed. Established in 1985, Felsen is based in Denville, …

Risk 257
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Valuables Insurance Coverage: Art Insurance Fire Claim Headed to Trial

Property Insurance Coverage Law

One of the more complex damage issues that must be addressed in all fire, smoke, and heat claims is the amount of damage to personal property in areas of a structure far away from the main fire.

Claim 160
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Louisiana Court Finds That an Insured Breached its Duty to Cooperate

The Property Insurance Law Observer

Both properties were insured by State Farm under policies that required the plaintiff to comply with certain “Duties After Loss,” which included exhibiting the damaged property, submitting information requested by State Farm, and preparing a detailed inventory of the damaged items.

Damage 130
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Court Differentiates Vandalism from Theft in First Party Insurance Policy

The Property Insurance Law Observer

The claim included the cost to replace various appliances, and an additional $1,310 for the value of other stolen personal property, including certain tools and clothing. The Court further held that Plaintiffs’ stand-alone appliances and personal effects were personal property and that the theft of these items is a covered loss.

Theft 130
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Prepare for the Unexpected — How to Help Policyholders With Disaster Planning

American Agents Alliance

That means considering the three basic priorities of life safety, property preservation, and incident stabilization in a disaster plan. Discuss how to inventory personal property with receipts, photos, and videos. Provide a checklist so your policyholders can easily keep track of personal property.