Property Insurance Coverage Law

OCTOBER 6, 2024

I have received numerous calls from furious Hurricane Helene policyholders after learning how little coverage is afforded for the non-elevated floor of a multi-story building under their flood insurance policies. Refer to the Visual Flood Adjusters Use appeared first on Property Insurance Coverage Law Blog.

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Insurance Journal

AUGUST 25, 2024

Simply mailing a cancellation notice to a policyholder, when viewed in the context of other indicators, was enough to comply with state law and void a homeowner’s insurance policy shortly just weeks before a fire destroyed a home, the North …

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Policyholder Insurance Policy Policy Insured 285

Mark Jackson Insurance Agency

JULY 8, 2024

However, amidst the excitement, it's crucial to undertake precautions to avoid common pitfalls that could lead to home insurance claims. This can lead to significant water damage, a common cause of home insurance claims. It's essential to ensure that your home insurance policy covers the new additions to your home.

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Insurance Journal

NOVEMBER 19, 2024

Insurance carriers may want to examine policy language – and what information they request from insureds – after the U.S. Supreme Court let stand a lower court’s ruling which could force Argo Group to cover claims that a wood-treating company …

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Insurance Carrier Claim Policy Insured 246

Shield Insurance Agency

AUGUST 20, 2024

Shield Insurance Blog | Small Insurance Claims | Contact Our Sales Team! Small Insurance Claims Can Raise Premiums Small insurance claims, such as those for minor property damage, may seem like a hassle to deal with. However, filing small insurance claims can have long-term financial consequences.

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Boyle Agency Insurance

MAY 3, 2024

This Bogle Agency Insurance blog post will guide you through the necessary steps to take after a disaster strikes and how to navigate the home insurance claims process smoothly. Home Insurance Claim Step I: Assess the Safety of Your Home After a disaster, the safety of you and your family should be the top priority.

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Word & Brown

SEPTEMBER 25, 2024

According to reporting last year by KFF (the independent source for health policy research, polling, and journalism formerly known as the Kaiser Family Foundation) data from insurers for Affordable Care Act Marketplace plans show nearly 17% of in-network claims were denied in 2021.

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TGS

FEBRUARY 28, 2025

This is where a loss history report comes inits like a propertys report card for past insurance claims. A loss history report provides a record of insurance claims filed on a property, typically over the past five to seven years. This report includes: Claim Details Dates of past claims, type of loss (e.g.,

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Claim Home Insurance Damage Insurance Agency 52

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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Insurance Companies Damage Insured Policy 130

Simply Insurance

JUNE 3, 2025

Bitcoin Life Insurance Bitcoin Life Insurance Quotes Meanwhile Bitcoin Life Insurance Review Life Insurance Calculator No Exam Life Insurance No Exam Life Insurance Quotes How Much Is $50,000 In Life Insurance? How Much Is A $100,000 Life Insurance Policy?

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Deductible Home Insurance Insurance Quotes Life Insurance 59

Risk Management Monitor

AUGUST 9, 2022

As companies assess their natural disaster preparedness, there are some proactive measures that should be taken specifically for hail to leave organizations best positioned for any resulting insurance claims. Let’s say you operate a business in Plano, Texas, and have a commercial property policy with a renewal date of January 1, 2022.

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Damage Claim Commercial Property Insurance Policy 78

Paragon Independent Insurance Agencies

APRIL 15, 2025

The experts at Paragon Independent Insurance Agency, servicing Plano, TX, are ready to address your concerns and guide you through the claims process. Does Home Insurance Provide Coverage for Burglary? While each home insurance policy differs, they typically provide coverage for burglary.

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Paragon Independent Insurance Agencies

JUNE 14, 2024

Filing a commercial claim is a complex and daunting process, especially for business owners unfamiliar with the ins and outs of insurance policies. Inadequate Documentation Insufficient evidence to support the claim can result in it being denied or undervalued. These are regular issues around Plano, TX.

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TGS

MAY 21, 2025

These incidents can lead to significant property damage or, worse, injuries that result in liability claims. A fire that damages siding or outdoor furniture could lead to a homeowners insurance claim. Reviewing coverage with TGS Insurance ensures protection against such unexpected losses.

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The Property Insurance Law Observer

MARCH 18, 2024

Specifically, the Court affirmed that the duty to submit to an EUO, as included in the insurance policy, applied only to a “named insured” and not an “insured person” and, as such, the named insured’s son failure to comply did not constitute a material breach of the insurance policy.

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The Property Insurance Law Observer

OCTOBER 16, 2024

The court emphasized that under both the insurance policy’s plain language and Florida Statute §627.7011(3)(a), payment of replacement cost value is contingent upon the actual completion of repairs. Universal”) after their property sustained water damage that led to mold.

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Insurance Journal

SEPTEMBER 11, 2024

Mississippi’s insurance commissioner is reminding policyholders that once Hurricane Francine moves across Louisiana, it will likely bring strong winds and heavy rains to the western part of the Magnolia State. And residents should be prepared by reading their insurance policies, …

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Policyholder Insurance Policy Policy Insured 147

Property Insurance Coverage Law

NOVEMBER 24, 2024

Insurance policies that provide broad coverage across multiple items or locations can be a policyholder’s best friend. A recent federal court decision in Louisiana 1 highlights the complexities in determining whether a policy provides blanket or scheduled coverage – a distinction that can significantly impact claim payments.

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Triple-I: Homeowners Insurance

JUNE 19, 2024

By Max Dorfman, Research Writer, Triple-I The total value of lightning-caused homeowners insurance claims rose more than 30 percent in 2023, to $1.27 billion from $950 million in 2022, Triple-I estimates based on national claims data provided by State Farm. The number of claims rose 13.8 The number of claims rose 13.8

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Protect Commercial Insurance

APRIL 11, 2025

Common Exclusions and Limitations While commercial property insurance is quite comprehensive, it’s essential to be aware of common exclusions and limitations. Not every potential risk is covered under a standard policy. – Acts of War or Government Seizure : Most policies exclude these rare but possible scenarios.

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Commercial Property Property Insurance Commercial Insured 52

Protect Commercial Insurance

JUNE 6, 2025

– Claim History : If your business has had past insurance claims, this could impact future premiums. A clean claims history often results in lower rates. – Bundle Policies : Consolidating multiple insurance policies with the same provider can often result in discounts.

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LexisNexis

MAY 12, 2025

Learn about the fundamentals of both the NAICs Unfair Insurance Trade Practices and Unfair Claims Settlement Practices Model Acts. Insurance Bad Faith Claims Review the fundamentals of insurance bad faith claims, including the insured's rights under an insurance policy, claim triggers, and benefits of bringing a claim.

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InsuredMine

AUGUST 27, 2024

Send Documents Quickly to your Clients With e-signatures, insurers can send documents to clients right away. Now, as soon as an agent finalizes a policy or claim document, it can be instantly transmitted to the client’s email or smartphone.

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Insured Insurance Insurer Claim 97

Property Insurance Centre

SEPTEMBER 25, 2024

Accidental damage is not usually covered by a normal building insurance policy. Define the maximum amount that you are willing to spend additional in the case of a claim. – Failure to read particular policy documents. Key Takeaways Building insurance is essential to protect your property, but it can be complex.

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LexisNexis

FEBRUARY 4, 2025

Learn about issues that can arise for insureds and insurers when insurance policies of various durations are called upon to answer for claims and when multiple insurance policies may also apply. Practical Guidance Updates Featuring the latest updates from your Practical Guidance account.

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Boyle Agency Insurance

DECEMBER 16, 2024

It is basically designed to protect you and your family from financial loss if you should suffer a catastrophic event and your other insurance policies don’t provide enough protection. This is where Umbrella Insurance comes in – to cover you like an umbrella. Do I Need Umbrella Insurance?

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Risk Management Monitor

DECEMBER 8, 2022

New York’s newly-enacted Comprehensive Insurance Disclosure Requirements legislation opens the door for defendants to request that organizations disclose the details of their commercial insurance programs that may apply to a judgment in the case. These details include policy limits and potentially even access to your claims adjusters.

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Protect Commercial Insurance

MAY 13, 2021

The following 5 Permissions are necessary if you’re advising or transacting on Commercial Insurance 1. This includes recommending a specific insurance policy to a customer. For example, notifying the insurer of an insurance claim and negotiating settlement on the customer’s behalf.

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Freeway Insurance

JANUARY 3, 2025

Many insurance professionals recommend taking steps now to handle a possible increase when you renew your insurance policy. What’s Causing the 2025 Insurance Boost in California? One of the primary reasons for the 2025 California car insurance increase is legislative.

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LexisNexis

AUGUST 27, 2024

Learn about the steps businesses should take to recover on the business interruption, including contract and indemnity claims, caused by this software failure. Cybersecurity Insurance Analyze types of risk to an enterprise that may be covered by cybersecurity insurance.

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Property Insurance Centre

JANUARY 30, 2024

Freehold Block of Flats Insurance: Top Cover Tips If you own a freehold block of flats , it’s crucial to have the right insurance coverage to protect your investment. Standard home insurance policies may not provide adequate protection for the unique risks associated with a block of flats.

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Building Insured Insurance Insurer 52

Mark Jackson Insurance Agency

APRIL 1, 2024

This detailed list of your possessions not only aids in the homeowner insurance claim process, but also helps in the recovery and replacement of lost items. This additional layer of documentation can help provide proof of ownership and value, which can be critical for high-value item claims.

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Mark Jackson Insurance Agency

JULY 23, 2024

Reducing Accidents and Insurance Claims The insights provided by telematics can directly contribute to a reduction in accidents and related insurance claims. Contact us today to learn more and review your commercial auto insurance policy. Read the full article at www.markjacksoninsurance.com

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Commercial Auto Insurance Insurance Claim Claim 52

ProWriters

NOVEMBER 12, 2024

In February 2024, Change Healthcare, whose technology powers the processing of some 15 billion medical bills and insurance claims a year, suffered a ransomware attack. Watch our Cyber U video about why healthcare organizations need Cyber Insurance. Several major breaches have made headlines.

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Paragon Independent Insurance Agencies

JUNE 28, 2024

Then, adjust your insurance policy accordingly. Your residential insurance policy can list the items you invest in. The insurance coverage will protect against unforeseen damage and theft. Be aware that some events may not be included in a standard insurance policy.

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TGS

NOVEMBER 1, 2024

Knowing exactly what to do after a car accident can make all the difference in ensuring a smooth claims process, protecting your rights, and, most importantly, keeping everyone safe. Plus, having a police report on file can help you later when dealing with insurance claims. Who should you call?

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TGS

NOVEMBER 18, 2024

The Basics: Defining a No-Fault State At its core, a no-fault state is one where your car insurance policy takes care of your medical expenses and certain other costs, regardless of who caused the accident. Pros: Faster Claims Processing: Since you’re dealing with your own insurer, claims are often processed more quickly.

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