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Lack of Insurable Interest Precludes Recovery for Property Damage

The Property Insurance Law Observer

Consequently, the plaintiff was not entitled to indemnity for damage to the property it purported to insure under a commercial property insurance policy. [1] The restaurant property was owned by another company, which was a separate entity with common ownership by the same individuals who owned the business.

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Why Your Home Insurance Premium Increased by 20% – Even If Only Your Neighbor’s House Burned Down 

Agency Height

No damage to your home, no claims filed… and yet, your home insurance premium goes up at renewal. Skip to content For Agents Agent Login Log in to your agent profile Add Your Agency Create a profile and connect with quality leads. But then, something out of your control happens. Your neighbor’s house catches fire. Sounds unfair?

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Understanding Consumer Education and Property Insurance

Property Insurance Centre

Flood Insurance Floods can cause significant damage to property, making flood insurance a crucial consideration for homeowners and business owners in flood-prone areas. Policyholders who understand the evaluation of damages and coverage available are better equipped to negotiate with adjusters and advocate for fair settlements.

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The User Friendly Electrical Safety Guide For Business Owners

Property Insurance Centre

They should look for any signs of wear, damage, or degradation. If the PPE looks damaged, it should be taken out of service and replaced. Workers should replace their PPE if it shows signs of wear, damage, or when the manufacturer advises it. Not replacing worn or damaged PPE can be dangerous.