The Property Insurance Law Observer

MARCH 4, 2024

26, 2024), the Western District of Washington considered competing motions for partial summary judgment in a property damage case involving a winter storm, where large amounts of rain and melted snow backed the drain up and the force of the water pushed through the exterior door causing damage to the entire basement level.

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Damage Policy Claim Property Damage 130

Jackson & Jackson

JANUARY 10, 2024

While these policies are essential in today’s digital landscape, knowing what they do not cover is vital for complete protection. Property Damage : Traditional cyber policies typically don’t cover physical damage caused by cyber events.

Liability Insurance 52

Liability Insurance Cyber Liability Property Damage 52

Corvus

JUNE 18, 2024

General liability insurance is the most regularly purchased insurance policy among small businesses. But the financial and reputational repercussions from cyberattacks are just as real as property damage, and hurt businesses of all sizes. That’s why cyber is tricky.

Cyber 40

Cyber General Liability Property Damage Liability Insurance 40

Top Insurance Blogs

FEBRUARY 20, 2024

Basic Information About Driving a Vehicle in Florida What type of car insurance policy is required by law in Florida? In today’s article, we shall be looking at the Florida vehicle insurance requirements for anyone that desires to drive within Florida without going against the law.

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Property Damage Injury Auto Insurance Liability 52

The Property Insurance Law Observer

JUNE 13, 2024

2024), to preserve diversity jurisdiction, the United States District Court for the Southern District of New York permitted a plaintiff insured to drop non-diverse, dispensable defendant Underwriters at Lloyd’s, London (“Underwriters”) which subscribed to a commercial property insurance policy. 2024 WL 2830909, (S.D.N.Y. See Humm v.

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Underwriting Underwriter Commercial Property Property Damage 130

Shield Insurance Agency

AUGUST 20, 2024

Small Insurance Claims Can Raise Premiums Small insurance claims, such as those for minor property damage, may seem like a hassle to deal with. Many policyholders may be tempted to file a claim for every little incident in the belief that their insurance policy will cover all damages.

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Protect Commercial Insurance

SEPTEMBER 20, 2024

It covers you against claims of property damage, personal injury, or negligence. Whether it involves a claim for property damage or injury, having the right liability insurance means you can avoid personally bearing the costs, which can be substantial. Here’s what to look out for: – Exclusions : What isn’t covered?

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Liability Insurance Liability Property Damage Insurance 52

The Property Insurance Law Observer

AUGUST 22, 2024

2024), the District Court of Massachusetts found that “collapse” provisions within a commercial property policy were ambiguous where a floor merely sagged without completely falling to the ground. During the policy period, the insured’s floor “sunk” between eight to 12 inches. Scorpio v. Jemiola Living Trust v. 3d 84 (Conn.

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The Property Insurance Law Observer

SEPTEMBER 16, 2024

(“Insured”), failed to disclose or produce any expert evidence to rebut the conclusions of the West American’s three experts, who determined the roof’s damage was merely cosmetic. Background In November 2019, West American [1] issued an insurance policy providing coverage for the Insured’s commercial shop buildings.

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Property Insurance Centre

JULY 21, 2024

Aspray, a leading property damage claims management company, can act on your behalf when you need to make a claim. Aspray’s repeat win is a reflection of their unwavering commitment to delivering top-notch service to their clients, ensuring that they receive the best possible outcome in times of property damage.

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Claim Property Damage Property Insurance Building 52

Bankers Insurance

MAY 16, 2024

These policies can provide critical financial security as homeowners seek to protect their fiscal stability and property. Additionally, more and more people live in wildland-urban interfaces, where homes can be particularly vulnerable to severe weather damage. Reduce liability risks. Adjust coverage. Not a client of ours?

Home Insurance 52

Home Insurance Policyholder Out-Of-Pocket Property Damage 52

ProWriters

APRIL 3, 2024

As they seek to secure the insurance they need to protect themselves, some companies’ decision-makers may get confused about E&O vs. EPLI policies. Both types of policies involve legal liabilities and are important. Coverage limits, deductibles, and other policy terms can be adjusted to align with the company’s nature and size.

Liability 52

Liability Cyber Property Damage Claim 52

The Property Insurance Law Observer

MARCH 18, 2024

A federal court recently held that an insurer could not deny coverage under a homeowner’s policy based upon the failure of the named insured’s son, an “insured person,” to submit to an examination under oath (“EUO”). Allstate Vehicle and Property Insurance Company , Civil Action No. In Michelle Adeola v. 23-cv-4643 (E.D.

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Insurance Insurer Insured Property Insurance 130

Maritime Insurance International

JUNE 5, 2020

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.

Property Damage 40

Property Damage Damage Insurance Policy Home Insurance 40

Jackson & Jackson

APRIL 26, 2024

Key Coverages for California Property Investors Property Damage : Covers damage to your buildings and contents caused by fire, theft, vandalism, and natural disasters. Special considerations are needed for earthquake and flood coverage, as these are typically not included in standard policies.

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Commercial Property Property Insurance Commercial Business Interruption 52

The Property Insurance Law Observer

AUGUST 1, 2024

23, 2024), the Supreme Judicial Court of Massachusetts held that the term “surface waters,” as used in a limitation contained in commercial property insurance policies, was ambiguous in the context of rainwater accumulating on roofs, thereby finding coverage for the insured.

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Commercial Property Damage Commercial Policy 130

Paragon Independent Insurance Agencies

MAY 27, 2024

Commercial Insurance Information Commercial insurance consists of policies to safeguard businesses when financial losses are inevitable. These events may include property damage, liability claims from work-related injuries, break-ins, or business interruption. It is critical to understand how to determine what is covered.

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Commercial Insurance Commercial Protection Business Interruption 40

American Agents Alliance

AUGUST 22, 2024

The legislation, effective January 1, 2025, will increase the current minimum of $15,000 per claimant and $30,000 per occurrence for bodily injury, and $5,000 for property damage (15/30/5), to $30,000 per claimant, $60,000 per occurrence for bodily injury, and $15,000 for property damage (30/60/15).

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Auto Insurance Agents Property Damage Broker-Agent 40

LexisNexis

SEPTEMBER 4, 2024

The measure would require AI companies that spend more than $100 million on training an AI model or over $10 million on modifying one to test whether those models could cause mass casualties or major property damage before releasing them to the public. Individual must be a government affairs, legal or compliance professional.

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Property Damage Damage Policy 40

Protect Commercial Insurance

JULY 26, 2024

In this article, we will provide you with four essential tips to help you understand your coverage needs, find the best rates, review and update your policy regularly, and work with an experienced insurance broker. Property insurance can protect these assets from damage or loss due to fire, theft, or other covered perils.

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Commercial Insurance Broker General Liability Business Interruption 52

Hunton Andrews Kurth

JULY 20, 2023

The decision underscores the importance of coordination of different coverages and policies across insurance programs, as well as the potential perils policyholders may face if forced to seek recovery for certain losses under non-traditional policies. In any event, the ruling is a mixed bag for policyholders.

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Commercial General Liability General Liability Injury Property Damage 40

Scott Insurance

FEBRUARY 10, 2023

To that end, as an affordable housing developer, you should be listed as an additional insured on your general contractor’s liability policy. Is Being Listed as an Additional Insured on your General Contractor’s Policy Enough? Your general contractor’s insurance policy is designed to protect their interests.

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Liability Property Damage Risk Policy 52

TGS

OCTOBER 10, 2023

These policies are tailor-made to fit each vehicle, so when seeking coverage for a classic car, it’s important to pay attention to the following requirements: Age: The definition of “classic car” will vary from carrier to carrier. Storage: Some carriers require covered or indoor storage to qualify for a classic car policy.

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Auto Insurance Insurance Insurer Insured 52

Property Insurance Centre

MARCH 19, 2024

Understanding Consumer Education and Property Insurance As an informed consumer, education on consumer rights and property insurance is crucial. It empowers individuals to make informed decisions about insurance coverage and understand their policy rights. This guide draws on some information from America as well as the UK.

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Property Insurance Policyholder Insurance Insurer 52

Scott Insurance

JANUARY 28, 2022

In some situations, property policies might give a sub-limit to help with remediation costs. Environmental / Pollution Environmental/pollution policies are available in the market and can contemplate both the first party (property) and third party (general liability – bodily injury/property damage) mold exposure.

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General Liability Deductible Liability Property Damage 52

Cover4LetProperty

OCTOBER 9, 2022

That’s when you will turn to your landlord insurance policy for support and financial assistance. When you are purchasing your landlord insurance policy, there might be a natural temptation to get it over and done with as fast as possible so that you can continue with your normal daily business.

Liability 52

Liability Insurance Insurer Insured 52

Mark Jackson Insurance Agency

JUNE 5, 2024

Each year, fires in residential areas cause significant property damage. In addition to implementing fire safety measures, having the right homeowner insurance policy is crucial to protect your home. Living Room Area by Terry Magallanes Taking care of fire safety at home is a key part of managing your household.

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Property Damage Damage Protection Insurance Policy 52

ProWriters

APRIL 17, 2024

One key step is making sure clients have adequate coverage options for bodily injury in their Cyber Liability Insurance policies. We at ProWriters can help you understand the risk, explain it to your clients, and secure the Cyber Insurance policies that provide the protection they need.

Cyber 52

Cyber Injury Liability Liability Insurance 52

Jackson & Jackson

AUGUST 16, 2024

Homeowners insurance is a crucial financial safety net for homeowners, providing protection in the event of property damage, loss of personal belongings, or liability for injuries that occur on the premises. Understanding your needs will help you select a policy that adequately protects your assets and provides peace of mind.

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Insurance Insurer Insured Risk 52

LexisNexis

AUGUST 21, 2024

AI Doomsday Bill Moves Closer to Passage in CA The California Assembly’s Appropriations Committee advanced a first-of-its kind bill ( SB 1047 ) aimed at preventing mass human casualties or property damage caused by artificial intelligence. Individual must be a government affairs, legal or compliance professional.

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Property Damage Liability Protection Damage 40

TGS

OCTOBER 3, 2023

To feel confident in your policy before you sign, make sure you understand how to read a homeowners insurance quote. You only pay when purchasing the policy. Policy Number 3. Policy Period 5. Policy Number If you ever need to file a claim, this policy number is what you will use. Insurance Company 2.

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Jackson & Jackson

MAY 22, 2024

. “Understanding Multi-Family Property Insurance” Commercial property insurance is a vital safeguard for property owners, protecting their assets against various risks. It covers property damage, loss of income, liability claims, etc.

Property Insurance 52

Property Insurance Commercial Property Commercial Broker-Agent 52

Insurance Journal

AUGUST 1, 2024

GLOSTER, Miss. (AP) AP) — This southern Mississippi town’s expansive wood pellet plant was so close to Shelia Mae Dobbins’ home that she sometimes heard company loudspeakers. She says industrial residues coated her truck and she no longer enjoys spending time …

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Property Damage Policy Property Insurance Damage 264

Bankers Insurance

AUGUST 8, 2024

Depending on the severity of property losses and rebuilding operations, these out-of-pocket costs could lead to major financial setbacks or even bankruptcy. Additionally, property undervaluation can result in coinsurance penalties. 80%) of the property’s value.

Commercial Property 59

Commercial Property Property Insurance Commercial Out-Of-Pocket 59

Maritime Insurance International

JUNE 5, 2020

Be sure to check your state’s policies. A common question is whether or not home insurance policies cover boats. The fact is that some home policies do and some do not. The fact is that some home policies do and some do not. An insurance policy can be a great way to ensure your own peace of mind. Boat Financing.

Liability 40

Liability Insurance Policy Insurance Insurer 40

Risk Management Monitor

DECEMBER 17, 2021

Myers, AccuWeather founder and CEO, estimated that the tornadoes are expected to cost about $18 billion in total damage and economic loss. As of Monday, 88 deaths across the region had been confirmed, but over 100 people are also missing, which means the death count may be higher.

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Damage Property Damage Building Risk 79

Cover4LetProperty

DECEMBER 1, 2023

Whatever type of landlord you may be, landlord insurance is likely to play a central role in protecting your property against a range of risks and perils. Keeping in mind these tips and suggestions may help you secure the cover you need – at a competitive price.

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Home Insurance Insurance Insurer Liability 52