Remove Claim Remove Personal Property Remove Policy
article thumbnail

Court Differentiates Vandalism from Theft in First Party Insurance Policy

The Property Insurance Law Observer

The Court considered whether the Plaintiffs’ loss was caused by theft or vandalism, as neither term was defined in the policy. In Cheung, the Plaintiffs, who resided in California, purchased property in scenic Mount Vernon, Washington, in July 2021, and insured the property through a policy of insurance issued by Allstate.

Theft 130
article thumbnail

Business Owner’s Policy for Restaurants

Distinguished

From kitchen fires and equipment breakdowns to liability claims and utility outages, restaurants operate in an environment where a single incident can lead to costly interruptions or legal exposure. What is a Business Owners Policy (BOP)? A critical component of property insurance for restaurants is business income coverage.

Policy 40
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Home Insurance Coverage Gaps You Might Not Know Exist—Until It’s Too Late

TGS

Whether you’re a first-time homeowner or have held a policy for decades, it’s crucial to understand what your home insurance doesn’t cover just as much as what it does. Flood Damage: Not Covered by Standard Policies Here’s the big one. Not only is it disgusting—it’s often not covered under a standard home policy.

article thumbnail

Louisiana Court Finds That an Insured Breached its Duty to Cooperate

The Property Insurance Law Observer

June 24, 2024) offers valuable lessons for policyholders regarding the importance of cooperation in the insurance claims process. In Marcantel , the plaintiff suffered damage from Hurricane Laura at two properties in Louisiana. The ruling in Marcantel emphasizes the importance of cooperation in the insurance claims process.

Damage 130
article thumbnail

Best Landlord Insurance In Wyoming For Your Rental Property!

Simply Insurance

How Much Is A $100,000 Life Insurance Policy? Below we discuss the different types of landlord insurance coverages in detail: DP1 - Dwelling A named-peril policy (DP-1) is an insurance policy that protects you against a specific hazard. DP2 - Replacement Cost The (DP-2) policy will give you more coverage than the DP-1.

article thumbnail

Best Landlord Insurance In West Virginia For Your Rental Property!

Simply Insurance

How Much Is A $100,000 Life Insurance Policy? Below we discuss the different types of landlord insurance coverages in detail: DP1 - Dwelling A named-peril policy (DP-1) is an insurance policy that protects you against a specific hazard. DP2 - Replacement Cost The (DP-2) policy will give you more coverage than the DP-1.

article thumbnail

Harp Insurance: Protect Rare and Valuable Instruments With Distinguished

Distinguished

Unlike standard homeowners or commercial policies, harp insurance recognizes the true financial and historical value of these instruments — and the specialized care they require if something goes wrong. Harps are simply too valuable, fragile, and unique to rely on standard homeowners policies for protection.

52