Property Insurance Coverage Law

JUNE 3, 2025

When vandals triggered a sprinkler system in a vacant building, flooding it with over one million gallons of water, the result was not just property damage. Instead, it was a lawsuit that put the scope of all-risk commercial property insurance under scrutiny. The case ofEpperson v.

Commercial Property

The Property Insurance Law Observer

MAY 12, 2025

2025), the Ninth Circuit Court of Appeals affirmed the district courts determination that the period of restoration tied to water damage at the insureds commercial property was the theoretical period when repairs should have been completed with reasonable speed, not the actual period of repairs thwarted by extraneous delays.

Commercial Property

Distinguished

MAY 19, 2025

Key benefits include: Property Coverage BOPs includes commercial property coverage, protecting business personal property and building structures against covered losses like fire, theft, or vandalism. A critical component of property insurance for restaurants is business income coverage.

Policy

Mark Jackson Insurance Agency

MARCH 19, 2025

Brick commercial office building by Binyamin Mellish Expanding your business to a new location is an exciting step toward growth, but it also introduces new risks. From property protection to liability coverage, ensuring your business insurance policies align with your expansion is critical.

Workers Compensation

American Agents Alliance

APRIL 3, 2025

This could cause higher rates in commercial property and homeowners lines. Taking this first step can help build trust and transparency with policyholders. Rising expenses could perhaps cause higher insured values, leading to policy adjustments and higher premiums.

Agents

Paragon Independent Insurance Agencies

FEBRUARY 28, 2025

Beyond vehicle coverage, you may also need general liability insurance, which protects against third-party claims for injuries or property damage during business operations. If you own a physical location, commercial property insurance can help protect your building, inventory, and equipment from fire, theft, or natural disasters.

Commercial Insurance

Agency Revolution

FEBRUARY 3, 2025

New Forge Add-On: Reputation Management Reputation Management add-on enhances your online presence by enabling you to efficiently manage client reviews and feedback, highlight reviews on your website, and build credibility. Help us build our insurance marketing platform. Click here to learn more about Reputation Management.

Commercial Property

Prof. Allan Manning

JANUARY 29, 2025

Last week I posted an article in regard to terrorism coverage under commercial property, and/or business interruption policies. I also touched on commercial liability coverage. At the request of quite a few readers, I now turn my attention to home and contents. ” [ emphasis mine] 1. . ” [ emphasis mine] 1.

Policy

Agency Revolution

JULY 2, 2025

The newest interactive graphic we created is for Commercial Property Insurance. Newest Clickable Coverage® Release: Commercial Property Check out our latest Clickable Coverage® interactive graphic, designed to engage and educate clients and prospects alike on Commercial Property Insurance in an easy-to-understand way.

Commercial Property

Distinguished

APRIL 9, 2025

Many traditional carriers want to enter these markets but lack the time or resources to build an in-house underwriting team. Specialization: Brokers typically offer a broad range of standard insurance products, while MGAs specialize in niche markets like cyber liability, HOA insurance, and high-risk commercial properties.

Agents

Agency Height

JULY 31, 2025

I Have Sprinklers, Alarms , and a Metal Roof! Excellent—but unfortunately, your home’s features only go so far. Insurers still consider: Proximity to ignition sources (e.g.,

Premium

Property Insurance Centre

FEBRUARY 24, 2025

Block of Flats FIND OUT MORE GET A QUOTE Unoccupied COMMERCIAL RESIDENTIAL Home Insurance FIND OUT MORE GET A QUOTE Residential Landlord FIND OUT MORE GET A QUOTE Land Liability FIND OUT MORE GET A QUOTE Commercial Property FIND OUT MORE GET A QUOTE Lockup Garage FIND OUT MORE GET A QUOTE Restaurant FIND OUT MORE GET A QUOTE Takeaway FIND OUT MORE (..)

Liability

Property Insurance Centre

JANUARY 30, 2025

Because of these risks, many standard building insurance policies may not fully cover an unoccupied flat for extended periods, typically beyond 30-60 days. Block of Flats Insurance with Unoccupied Cover A tailored policy that protects both occupied and vacant flats within the same building.

Property Insurance

Property Insurance Centre

MARCH 11, 2025

Greater Risk of Fire and Cladding Issues Following Grenfell Tower , insurers are more cautious about buildings with cladding, especially in London, where many high-rises have fire safety concerns. Insurers may include bespoke policies covering artwork, listed building requirements, or concierge services.

Risk

Distinguished

JUNE 16, 2025

The policies provide insurance protection for areas of the property that fall outside the walls of individual homes or units. For example, an HOA policy typically covers: Common property: Covers any common property owned by the HOA, such as communal buildings, shared roofs, lobbies, hallways, etc.

Liability

Property Insurance Centre

MARCH 21, 2025

Whether you’re a landlord, property manager, or investor, here’s what makes Manchester stand out: 1. Growing Property Market with Diverse Building Types Manchester has seen rapid urban development, especially in areas like Ancoats, Salford Quays, and Deansgate, with a mix of modern high-rises and older converted mills.

Premium

Property Insurance Centre

JANUARY 27, 2025

Steps to Take Check the Lease Agreement: This document will outline who is responsible for insuring the building. Seek Professional Advice: If you suspect the freeholder is failing to insure the property adequately, consult a legal expert or surveyor. However, the cost is often recovered through service charges.

Building

Property Insurance Centre

MAY 2, 2025

Block of Flats FIND OUT MORE GET A QUOTE Unoccupied COMMERCIAL RESIDENTIAL Home Insurance FIND OUT MORE GET A QUOTE Residential Landlord FIND OUT MORE GET A QUOTE Land Liability FIND OUT MORE GET A QUOTE Commercial Property FIND OUT MORE GET A QUOTE Lockup Garage FIND OUT MORE GET A QUOTE Restaurant FIND OUT MORE GET A QUOTE Takeaway FIND OUT MORE (..)

Insurance

Property Insurance Centre

JUNE 5, 2025

When insuring your building, you need to correctly insure the amount it would take to reinstate the building in the case of a total loss. This will mean you are insured for what insurers determine is a sudden or unforeseen event. Index Linking What does this mean?

Insurance

Property Insurance Centre

JULY 14, 2025

Block of Flats FIND OUT MORE GET A QUOTE Unoccupied COMMERCIAL RESIDENTIAL Home Insurance FIND OUT MORE GET A QUOTE Residential Landlord FIND OUT MORE GET A QUOTE Land Liability FIND OUT MORE GET A QUOTE Commercial Property FIND OUT MORE GET A QUOTE Lockup Garage FIND OUT MORE GET A QUOTE Restaurant FIND OUT MORE GET A QUOTE Takeaway FIND OUT MORE (..)

Property Insurance

Insurance Journal

MAY 8, 2025

As weather-driven catastrophes become more common and severe, commercial property owners and the agents who serve them are reassessing risks and coverage to get more build for their buck. The new Nationwide Agency Forward Commercial Lines Protection Survey surveyed commercial …

Commercial Property

Insurance Journal

JUNE 13, 2025

announced plans Thursday to build its first manufacturing plant for a next-generation passenger jet in central North Carolina, a project that if successful would create more than 14,500 jobs there in a decade. JetZero Inc. The California-based startup intends to …

Building

Insurance Journal

JULY 21, 2024

Risk Strategies named Troy Bagwell commercial lines leader for the West region. Bagwell, who is based in Los Angeles, is responsible for building and executing the regional strategy for the commercial property/casualty business segment. Bagwell joins Risk Strategies from Panorama …

Commercial

Insurance Journal

MARCH 25, 2025

Earlier this month wind damaged the iconic Apex pyramid building in Pawtucket Rhode Island prominently visible from Interstate 95. Now, the city of Pawtucket has removed the remaining exterior panels of the iconic structure, leaving only the skeletal frame. Removal …

Building

Bankers Insurance

AUGUST 8, 2024

THE IMPORTANCE OF ACCURATE VALUATION IN COMMERCIAL PROPERTY INSURANCE When purchasing or renewing commercial property insurance , it’s important for businesses to ensure their coverage includes correct property valuations. Replacement value — This is an estimate of the current cost to replace or rebuild a property.

Commercial Property

Property Insurance Centre

AUGUST 12, 2024

Automatic Fire Alarms in Commercial Properties New Rules 2024 As of October 2024 the London Fire Brigade will cease to attend alarms at commercial properties between the hours of 7am & 8:30 pm. It has been found that 99% of alarms at commercial properties are, in fact, false alarms and take up significant resources.

Commercial Property

Jackson & Jackson

APRIL 26, 2024

Investing in commercial property in California can be a lucrative venture, but it also comes with its unique set of risks and responsibilities. One of the most crucial aspects to consider is commercial property insurance.

Commercial Property

Jackson & Jackson

APRIL 30, 2024

This article explores how various location-based factors affect commercial property insurance rates in California and offers insights for managing these costs effectively. Understanding Location-Based Risk Factors Location plays a pivotal role in determining insurance premiums for commercial properties.

Commercial Property

Protect Commercial Insurance

OCTOBER 11, 2024

Introduction Climate change isn’t just an environmental buzzword; it’s rapidly becoming a pivotal factor in the world of insurance, especially for commercial properties. As our climate continues to evolve, we’re seeing significant impacts on buildings and the businesses that inhabit them.

Commercial Property

Insurance Journal

JULY 11, 2024

A new Vermont-based captive insurer is promising to provide insurance for New York affordable rental housing buildings at a time when advocates say coverage is difficult to afford or obtain. The Milford Street Association Captive Insurance Co. will be owned …

Building

Jackson & Jackson

APRIL 10, 2024

Investing in commercial property is a significant step for any entrepreneur or business entity. Insurance plays a pivotal role in safeguarding your property and your financial future. Here are five critical considerations you should keep in mind regarding insurance when buying or investing in commercial property.

Commercial Property

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. In Life Skills, Inc. Harleysville Insurance Company , 2024 WL 3792261 (D. LEXIS 127718 (D. 629 F.Supp.2d 2d 1185 (D.

Building

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.

Commercial Property

Protect Commercial Insurance

JANUARY 10, 2025

These partnerships not only broaden your client base but also offer a seamless solution to meet customer needs across various policy areas, such as commercial property. Enhancing Commercial Property Offerings One major sector that benefits from robust referral partnerships is commercial property insurance.

Building

Property Insurance Centre

SEPTEMBER 25, 2024

Top Building Insurance Pitfalls Here are some common pitfalls to avoid when getting building insurance in the UK: – Underinsuring. Insure your building at the amount that it will cost to rebuild it and not at the current market value when securing block of flats insurance. – Not considering inflation.

Building

Jackson & Jackson

MAY 22, 2024

Multi-unit commercial properties in California offer investors the potential for significant returns. Investors must understand the importance of securing comprehensive commercial property insurance coverage to protect their investments. It covers property damage, loss of income, liability claims, etc.

Property Insurance

Property Insurance Centre

JANUARY 4, 2024

The property insurance sector is no exception, as inflation directly impacts key cost drivers such as property valuations , construction costs , and labour. The rising costs of building or repairing properties have a direct effect on insurance premiums.

Property Insurance