Property Insurance Coverage Law

AUGUST 9, 2025

He has a degree in the fields of Mechanical Engineering and Architecture, is a “Building Envelope Consultant, Level 2, licensed by the Building Envelope Science Institute, a “HAAG Certified Inspector – Wind”, … The post Addressing the Notion that “Failure of the Bond at the Seal Strips Is Not Wind Damage Unless the Shingle Is Creased or Torn” (..)

Damage

Property Insurance Coverage Law

APRIL 28, 2025

When a devastating fire damages a building and a municipality orders it razed, the instinctive reaction of many policyholders is to expect that their insurance will cover the total loss.

Policyholder

Insurance Journal

APRIL 30, 2025

has reached a settlement with the owners of a Nashville condominium building that was badly damaged in the Christmas Day bombing in 2020. Aspen Specialty Insurance Co. The terms of the settlement were not disclosed. Both sides have agreed to …

Damage

Distinguished

MARCH 20, 2025

From devastating floods to slip-and-fall lawsuits, insuring apartment buildings is no simple task. In this guide, we break down the key coverages every apartment building owner needs, highlight common claims, and show you how to offer tailored solutions that keep your clients protected in an ever-changing market.

Building

Protect Commercial Insurance

JUNE 6, 2025

This essential coverage acts as a safety net, protecting your investments from unexpected setbacks like theft, damage, or natural disasters. Definition and Scope Commercial property insurance is a policy designed to protect businesses from financial losses related to damage or destruction of their physical assets.

Commercial Property

Property Insurance Coverage Law

JUNE 1, 2025

Thirty-four buildings take a beating. You report the damage. Imagine your homeowners association gets walloped by a Minnesota hailstorm. Your insurer acknowledges it. You go through all the proper channels and even submit to the hallowed appraisal process designed to resolve disputes fairly. But you dont get paid by the insurer.

Insurance Claim

Protect Commercial Insurance

APRIL 11, 2025

Image courtesy: Unsplash Definition and Overview Commercial property insurance is a type of insurance designed to protect your business premises and the contents within from loss or damage. Here’s why it’s crucial: – Financial Protection : In the event of loss or damage, the costs can be exorbitant.

Commercial Property

Property Insurance Centre

AUGUST 5, 2025

This means heavier rainfall, more intense low-pressure systems, and ultimately, more frequent and more damaging storms. Here’s a snapshot: As the frequency and severity of storms continue to rise, it is crucial for homeowners to understand the importance of storm damage insurance and take proactive steps to mitigate potential risks.

Property Insurance

Distinguished

MARCH 20, 2025

For instance, problems with roofs and exterior wallssuch as cracks, leaks, or deteriorating materialscan weaken a buildings overall integrity, while foundation issues like uneven or shifting bases create serious safety hazards. In Philadelphia, housing code violations generally fall into a few key categories.

Broker

Distinguished

MARCH 6, 2025

Along with this, mold and water damage often due to leaking pipes, poor ventilation, or roof damageposes serious health hazards if not promptly repaired. After a report is filed, an inspector from the Los Angeles Housing Department or Building and Safety is dispatched to evaluate the situation. Pest infestations are also widespread.

Building

Shield Insurance Agency

JUNE 19, 2025

Protection Against Financial Loss It covers unexpected costs related to accidents, natural disasters, theft, lawsuits, and property damage, minimizing the financial impact of unforeseen events and helping to pay for costly damages and legal claims.

Business Insurance

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

Property Insurance Coverage Law

JUNE 1, 2025

Thirty-four buildings take a beating. You report the damage. Imagine your homeowners association gets walloped by a Minnesota hailstorm. Your insurer acknowledges it. You go through all the proper channels and even submit to the hallowed appraisal process designed to resolve disputes fairly. But you dont get paid by the insurer.

Insurance Claim

TGS

JUNE 11, 2025

Flood Damage: Not Covered by Standard Policies Here’s the big one. Most homeowners don’t realize that standard home insurance does not cover flood damage. Many insurers in hurricane-prone areas carve out windstorm damage from standard home insurance. Windstorm Exclusions in Coastal Areas Live near the coast?

Home Insurance

Scott Insurance

FEBRUARY 19, 2025

If heavy machinery is used in proximity to the existing apartment buildings, it raises the potential for accidents or property damage. This increases costs and can even lead to insurer disputes in the event of a claim if the insurers disagree on whose insured property was damaged. Consider a scenario where a rehab is underway.

Underwriting

Distinguished

AUGUST 4, 2025

Whether your clients own a two-unit, owner-occupied brownstone or a mixed-use brick apartment building with 30 tenants, the right insurance program should reflect the realities of insuring these unique habitational properties in New York City. What sets these buildings apart isn’t just their age — it’s how they were built.

Building

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

Boyle Agency Insurance

FEBRUARY 3, 2025

It provides coverage for property damage and theft of building materials during the renovation process. Builder’s Risk Insurance For major renovations or construction projects, builder’s risk insurance can be invaluable. This coverage safeguards your investment from unexpected setbacks.

Home Insurance

Distinguished

MARCH 19, 2025

For buildings constructed before June 13, 1979, strict rent control laws apply. Mold & Water Damage are also major concerns; leaks or excessive moisture can lead to mold growth that poses health risks. These include unstable buildings, unsafe stairways, or poorly maintained common areas like balconies and porches.

Building

Distinguished

MAY 6, 2025

This guarantees businesses arent left vulnerable to losses from theft, damage, or accidents. A stolen excavator can delay an entire construction project, a damaged HVAC system in transit can leave a building unfinished, and a trucking accident can result in both vehicle loss and undelivered cargo.

Inland Marine Insurance

Distinguished

JUNE 2, 2025

Some of the most common claims we see in the state include: Frozen pipes in winter that cause water damage to basements or walls. Wind or hail damage to siding and roofing systems. Winter brings heavy snowfall and cold temperatures, and with it, ice dams and frozen pipes, which can cause significant property damage. 

Liability

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 BOP is an efficient way to safeguard against these operational risks with one comprehensive policy. What Doesn’t a BOP Cover?

Policy

Property Insurance Centre

FEBRUARY 10, 2025

Whether you own an office building, a retail store, a warehouse, or a manufacturing facility, this type of coverage safeguards your physical assets, ensuring financial stability in the face of damage or loss. ” If a peril is explicitly listed in the policy, the insurer will cover the damage it causes.

Commercial Property

Mark Jackson Insurance Agency

JUNE 16, 2025

Conduct regular reviews to update building, contents, and inventory limits. Not Getting Proof of Insurance from Vendors or Subcontractors If a subcontractor causes damage or injury, your business could be held liable if that subcontractor is not properly insured.

Commercial Insurance

LexisNexis

JULY 29, 2025

Standard Insurance Policy Forms Fundamentals Checklist Peruse this overview of standard insurance policy forms to build your understanding of their history, nature, and purposes.

Insurance Policy

LexisNexis

JULY 22, 2025

Read now » Related Content Standard Insurance Policy Forms Fundamentals Checklist Peruse this overview of standard insurance policy forms to build your understanding of their history, nature, and purposes.

Insurance Policy

Simply Insurance

JUNE 12, 2025

However, bear in mind that the final price will vary for all landlords depending on where you reside, your building, liability coverage options, your credit history, deductible, and other plan options. An Open Peril Policy means your coverage will cover damage caused by anything other than items on the prohibited list.

Insurance Quotes

Simply Insurance

JUNE 10, 2025

However, bear in mind that the final price will vary for all landlords depending on where you reside, your building, liability coverage options, your credit history, deductible, and other plan options. An Open Peril Policy means your coverage will cover damage caused by anything other than items on the prohibited list.

Insurance Quotes

Top Insurance Blogs

JUNE 12, 2025

Over the weekend, anti-ICE protests erupted across Los Angeles, resulting in significant damage to businesses, vehicles, and buildings. Although the situation escalated, most of the damages caused are likely covered by insurance, according to experts.

Insurance Claim

Simply Insurance

JUNE 11, 2025

However, bear in mind that the final price will vary for all landlords depending on where you reside, your building, liability coverage options, your credit history, deductible, and other plan options. An Open Peril Policy means your coverage will cover damage caused by anything other than items on the prohibited list.

Insurance Quotes

AMAXX

MAY 27, 2025

Avoid It : Create a structured program, designate internal responsibility, and build partnerships with stakeholders who are aligned with your goals. Believing Workers Comp Is Just a Cost of Doing Business This mindset is perhaps the most damaging. Avoid It : Shift your mindset.

Workers Comp

Distinguished

AUGUST 11, 2025

Here’s an example that shows why California landlords need insurance that is both high-limit and comprehensive: Recently, a fire broke out in a $10 million condominium building , damaging roughly 40% of the structure. General liability : Protects against third-party bodily injury or property damage claims, including defense costs.

Out-Of-Pocket

Simply Insurance

JUNE 9, 2025

However, bear in mind that the final price will vary for all landlords depending on where you reside, your building, liability coverage options, your credit history, deductible, and other plan options. An Open Peril Policy means your coverage will cover damage caused by anything other than items on the prohibited list.

Insurance Quotes

Simply Insurance

JUNE 12, 2025

However, bear in mind that the final price will vary for all landlords depending on where you reside, your building, liability coverage options, your credit history, deductible, and other plan options. An Open Peril Policy means your coverage will cover damage caused by anything other than items on the prohibited list.

Insurance Quotes

TGS

JUNE 18, 2025

In fact, many homeowners assume they’re covered… until a guest damages their property or gets hurt, and the claim gets denied. These may cover: Guest-caused damage Lost income from cancellations Legal liability Amenities like pools or bikes Best for: Hosts who list frequently or rely on vacation rental income.

Home Insurance

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. Without the right coverage, unforeseen challenges—such as property damage, employee injuries, or legal issues—could put your investment at risk.

Workers Compensation

AMAXX

MAY 13, 2025

Quick win: Build relationships with cooperative clinics and proactively outline light-duty options. High-Impact Claims: Litigation and Large Losses Why it matters: While high-frequency, low-severity claims add up, its often the handful of high-impact claims that do the most financial damage. Build your strategy around them.

Workers Comp