Remove Claim Remove Policy Remove Theft
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

When No One’s Home: Understanding Roleof Vacancy Insurance

Triple-I: Homeowners Insurance

From burst pipes and property theft to liability and squatter intrusion, a home left unoccupied for an extended period is exposed to a unique set of hazards, many of which may not be covered by a standard homeowners’ insurance policy. Vacant properties also are more susceptible to theft and unauthorized occupancy.

Theft 71
Insiders

Sign Up for our Newsletter

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

article thumbnail

Why Museums Should Buy a Stand-Alone Fine Art & Collectibles Policy

Distinguished

While adding these items to a property or package policy might seem convenient, museums face unique exposures that such generalized policies often fail to address. A stand-alone Fine Art & Collectibles insurance policy is designed to provide museums with comprehensive coverage of the items and their vulnerabilities.

Policy 52
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
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

Harp insurance is specialized coverage designed to protect high-value harps against risks like accidental damage, theft, fire, and transit losses. Harps are simply too valuable, fragile, and unique to rely on standard homeowners policies for protection. Theft: Coverage if the harp is stolen from a home or venue or during transit. 

52