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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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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The Property Insurance Law Observer

MARCH 18, 2024

A federal court recently held that an insurer could not deny coverage under a homeowner’s policy based upon the failure of the named insured’s son, an “insured person,” to submit to an examination under oath (“EUO”). Allstate Vehicle and Property Insurance Company , Civil Action No. In Michelle Adeola v.

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Insured Insurance Insurer Policy 130

Bankers Insurance

AUGUST 8, 2024

THE IMPORTANCE OF ACCURATE VALUATION IN COMMERCIAL PROPERTY INSURANCE When purchasing or renewing commercial property insurance , it’s important for businesses to ensure their coverage includes correct property valuations. Additionally, property undervaluation can result in coinsurance penalties.

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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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Property Insurance Centre

JANUARY 4, 2024

Emerging Property Insurance Trends 2024 Welcome to our guide on emerging trends in the property insurance industry. As we dive into the evolving landscape of property insurance, it’s important to stay informed about the latest trends and challenges affecting the market. Hurricane Harvey 2017 92.0

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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

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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Property Insurance Centre

MARCH 19, 2024

Understanding Consumer Education and Property Insurance As an informed consumer, education on consumer rights and property insurance is crucial. It empowers individuals to make informed decisions about insurance coverage and understand their policy rights.

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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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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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Property Insurance Centre

SEPTEMBER 25, 2024

Accidental damage is not usually covered by a normal building insurance policy. These can be added to your policy for an additional premium. Exclusions Building insurance policies will have exclusions, which are specific events or circumstances that are not covered by your policy.

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Risk Management Monitor

NOVEMBER 8, 2021

One of the first steps in obtaining commercial property insurance is to determine the value of the property being insured. The reported property value will drive premium amounts and, importantly, represents the property loss exposure.

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Commercial Property Insured Insurance Insurer 75

Property Insurance Centre

JANUARY 16, 2025

From the catastrophic floods in Carlisle in 2005 to the more recent deluge in London in 2021, businesses in flood-prone areas have faced disruption, financial losses, and complex insurance claims. This article explores the intricacies of commercial flood insurance in the UK, highlighting regional variations, challenges, and solutions.

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Triple-I: Homeowners Insurance

APRIL 5, 2024

“The widespread damage incurred from Idalia last year highlighted the importance of being financially protected from catastrophic losses – and that includes having adequate levels of property insurance and flood coverage,” said Triple-I CEO Sean Kevelighan.

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Protect Commercial Insurance

NOVEMBER 22, 2024

A single incident can be financially crippling, but insurance shields you from unprecedented risks. Investing in the right policy can save you a lot of money in the long run. Each policy is unique and can vary widely in what it covers. Some protect against property damage, while others focus more on liability issues.

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Property Insurance Coverage Law

MAY 5, 2025

A federal Arkansas court issued a recent ruling that reminds everyone in the property insurance claims business of the serious consequences policyholders face when the insured building is vacant or unoccupied.

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Protect Commercial Insurance

MARCH 14, 2025

Commercial property insurance is a key component in this protection, offering a safety net against unexpected disasters. Whether you own a quaint little shop or a sprawling office complex, securing proper insurance means youre prepared for the unexpected.

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Protect Commercial Insurance

APRIL 25, 2025

The bottom line is, protecting your investments with appropriate insurance solutions should be a top priority. How FloodFlash Insurance Works FloodFlash Insurance is here to revolutionise the way you think about commercial property insurance. Once the flood threshold is met, payouts are processed almost instantly.

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