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When Vandals Trigger the Sprinklers: The Battle Over Resulting Losses

Property Insurance Coverage Law

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.

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Repairing Evacuated Charleston Condo Building Could Top $150 Million

Insurance Journal

The Post and Courier newspaper reported that the 19-story building – Charleston’s tallest – … It could take $151 million to repair the Dockside condominium tower in Charleston, which was evacuated in February after an engineering assessment found major structural problems.

Building 165
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Understanding the Total Constructive Loss Doctrine in Property Insurance Policies

Property Insurance Coverage Law

The article … The post Understanding the Total Constructive Loss Doctrine in Property Insurance Policies appeared first on Property Insurance Coverage Law Blog.

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Insurance Coverage After a Raze Order: Strategies for Overcoming Ordinance or Law Exclusions

Property Insurance Coverage Law

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.

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JetZero to Build $4.7B Next-Gen Plane Plant in NC With Up to 14,500 Jobs

Insurance Journal

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 256
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2024 National Flood Insurance Program Proof of Loss for Building and Contents

Property Insurance Coverage Law

The current version of the National Flood Insurance Program Proof of Loss for Building and Contents is available at the below link. THIS FORM IS ONLY ACCESSIBLE USING FIREFOX. You read that correctly; for some reason, you cannot access the form online using Google Chrome, Safari or Microsoft Edge. You MUST use Firefox.

Building 203
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Insurance Coverage After a Raze Order: Strategies for Overcoming Ordinance or Law Exclusions

Property Insurance Coverage Law

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.