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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.
The good news is that, according to Mark Frielander with the Insurance Information Institute (video interview link here: Could California wildfires impact Florida home insurance rates? ), carriers assume their own risks in each state and have different subsidiaries as a result.
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The South Carolina Legislature required insurance to be available to at-risk coastal homes. This will include dwelling structure, personalproperty, loss of use, and increased rebuilding costs. Your property must have a roof that is in good condition (determined by the insurance provider). This program started in 1971.
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Evaluate your existing life insurance policies and consider whether your coverage needs adjustment to reflect your new marital status. You may find that increasing your coverage or purchasing additional policies ensures both partners are adequately protected.
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