Property Insurance Coverage Law

MAY 10, 2025

A recent federal court ruling out of Georgia highlights a basic principle that policyholders and public adjusters must never overlook. The property insurance only covers losses that occur during the policy period. Except in a few states, under rare circumstances, the date of discovery is not deemed the date of loss. In Jaraysi v.

Policy 124

Policy Policyholder Property Insurance Insurance 124

Property Insurance Coverage Law

MARCH 13, 2025

1 At … The post Clear Language Wins the Day: Court Rules Ambiguity Favors Policyholders appeared first on Property Insurance Coverage Law Blog. 1 At … The post Clear Language Wins the Day: Court Rules Ambiguity Favors Policyholders appeared first on Property Insurance Coverage Law Blog.

Policyholder 100

Policyholder Commercial Insurance Commercial Property Insurance 100

Property Insurance Coverage Law

JANUARY 31, 2025

Insurers conduct and behavior vary wildly, even for people who hold similar policies with the same companies. For policyholders who have suffered total losses of their homes, many are being offered differing amounts of their Dwelling benefits.

Policyholder 214

Policyholder Property Insurance Policy Insurance 214

Property Insurance Coverage Law

MARCH 11, 2025

All insurance policies include a section placing specific responsibilities and obligations on policyholders to act in a certain way before entitling them to policy benefits for what should be a covered loss.

Policyholder 100

Policyholder Claim Property Insurance Insurance Policy 100

Insurance Journal

JANUARY 1, 2025

State Compensation Insurance Fund in California announced that it will declare a $149 million dividend to qualifying policyholders with policies that took effect between Jan. This dividend equals roughly 15% of the estimated annual premium …

Policy 277

Policy Policyholder Compensation Premium 277

Property Insurance Coverage Law

JANUARY 30, 2025

First, this case strongly reminds policyholders to be aware of time limits in their insurance policies and take action as soon as they believe their claim is not being handled fairly. A recent federal court decision favoring Liberty Mutual Insurance Company in a pipe burst claim1 left me thinking about two lessons.

Claim 205

Claim Policyholder Property Insurance Insurance Policy 205

Property Insurance Coverage Law

JANUARY 6, 2025

In yesterdays post, Policyholders and Public Adjusters Often Need to Hire Their Own Experts, the court found that the insurance policy did not provide coverage for the claimed damages for two primary reasons.1

Policyholder 203

Policyholder Damage Property Insurance Insurance Policy 203

Property Insurance Coverage Law

JANUARY 5, 2025

I often hear this question when discussing a loss with a potential client or public adjuster: Chip, isnt it an all-risk insurance policy? This question is often in response to a question I asked them: What caused the loss?

Policyholder 214

Policyholder Property Insurance Insurance Policy Policy 214

Property Insurance Coverage Law

AUGUST 18, 2024

Many policyholders forget that their insurance policy is a contract and is subject, with exceptions, to the usual laws of contract. An issue that frequently arises is whether the named insured is able to assign insurance proceeds under the policy to another.

Insurance Policy 243

Insurance Policy Policy Policyholder Insurance 243

Property Insurance Coverage Law

APRIL 18, 2025

Safeco Insurance Company of America 1 serves as a timely reminder for claims professionals to revisit how to interpret actual cash value (ACV), replacement cost value (RCV), and general contractor overhead and profit (GCOP) under property insurance policies which define the terms.

Policyholder 100

Policyholder Claim Property Insurance Insurance Policy 100

Insurance Journal

OCTOBER 18, 2024

Florida’s insurance commissioner this week issued emergency orders, extending some policyholder cancellation protections in the wake of Hurricanes Helene and Milton. The orders, seen here and here, are in line with similar actions taken after hurricanes. The orders: Extend grace …

Policy 284

Policy Policyholder Protection Insurer 284

Property Insurance Coverage Law

JANUARY 30, 2025

First, this case strongly reminds policyholders to be aware of time limits in their insurance policies and take action as soon as they believe their claim is not being handled fairly. A recent federal court decision favoring Liberty Mutual Insurance Company in a pipe burst claim1 left me thinking about two lessons.

Claim 180

Claim Policyholder Property Insurance Insurance Policy 180

Property Insurance Coverage Law

APRIL 28, 2025

When a devastating fire damages a building and a municipality orders it razed, the instinctive reaction of many policyholders is to expect that their insurance will cover the total loss.

Policyholder 178

Policyholder Property Insurance Damage Insurance Policy 178

Property Insurance Coverage Law

SEPTEMBER 4, 2024

The duties of an insurance agent to the policyholder will differ depending on state law. Yesterday’s post about a Michigan coverage case, Order and Bind Insurance Before the Loss—Commercial Policy Covers Water Damage Under Drain Backup Endorsement, noted that there was also an issue with insurance agent negligence.

Policyholder 203

Policyholder Insurance Agent Insurance Agents Agents 203

Property Insurance Coverage Law

DECEMBER 30, 2024

Insurance policyholders do not read the insurance policies that are sold to them. The insurance contracts are not even provided to the policyholder until after the product is purchased.

Insurance Agent 190

Insurance Agent Insurance Agents Policy Agents 190

Property Insurance Coverage Law

APRIL 28, 2025

When a devastating fire damages a building and a municipality orders it razed, the instinctive reaction of many policyholders is to expect that their insurance will cover the total loss.

Policyholder 165

Policyholder Property Insurance Damage Insurance Policy 165

Property Insurance Coverage Law

OCTOBER 30, 2024

Federal courts are creating an almost impossible barrier for policyholders trying to hold their insurance agents accountable for negligence involving National Flood Insurance Program (NFIP) policies.

Insurance Agent 203

Insurance Agent Insurance Agents Agents Policy 203

Property Insurance Coverage Law

MAY 22, 2025

A recent federal court decision reminds insurance professionals and policyholders of the practical and legal consequences of failing to comply with protective safeguards endorsements in builders risk insurance policies.

Protection 127

Protection Policyholder Property Insurance Policy 127

Property Insurance Coverage Law

OCTOBER 28, 2024

This is Florida law regarding when an insurance company must start investigating an insurance claim: 3)(a) Unless otherwise provided by the policy of insurance or by law, within 7 days after an insurer receives proof-of-loss statements, the insurer shall begin such investigation as is reasonably necessary unless the failure to begin such investigation (..)

Policyholder 189

Policyholder Property Insurance Insurance Claim Claim 189

Property Insurance Coverage Law

MAY 22, 2025

A recent federal court decision reminds insurance professionals and policyholders of the practical and legal consequences of failing to comply with protective safeguards endorsements in builders risk insurance policies.

Protection 113

Protection Policyholder Property Insurance Policy 113

Property Insurance Coverage Law

MARCH 26, 2025

Property insurance adjustersboth company-employed and independentserve as the backbone of the claims process, ensuring that policyholders receive the full benefits of their coverage as swiftly and fairly as possible.

Policyholder 140

Policyholder Property Insurance Damage Claim 140

Property Insurance Coverage Law

APRIL 12, 2025

Most people dont think much about their insurance policies after they buy them. A bill shows up, they pay it, and life moves on. Insurance becomes almost invisibleuntil something happens.

Insurance Policy 100

Insurance Policy Policy Insurance Insurer 100

Property Insurance Coverage Law

MARCH 26, 2025

Property insurance adjustersboth company-employed and independentserve as the backbone of the claims process, ensuring that policyholders receive the full benefits of their coverage as swiftly and fairly as possible.

Policyholder 140

Policyholder Property Insurance Damage Claim 140

Property Insurance Coverage Law

AUGUST 28, 2024

An “other insurance” clause is a provision found in property insurance policies that establishes how a loss is to be apportioned among insurers when more than one policy covers the same loss. The original purpose of an “other insurance” clause is debatable.

Property Insurance 177

Property Insurance Insurance Policy Policy Policyholder 177

Property Insurance Coverage Law

FEBRUARY 1, 2025

Buy a Marine Policy Rather Than Relying Upon a Homeowners Policy For Coverage appeared first on Property Insurance Coverage Law Blog. With six sailboats and a motorboat, I consider myself an enthusiast, though my insurance agent probably sees me as a … The post Boatowners Beware!

Policy 100

Policy Marine Insurance Agent Insurance Agents 100

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 …

Policyholder 285

Policyholder Insurance Policy Policy Insurer 285

Insurance Journal

SEPTEMBER 25, 2024

Florida’s largest insurer, has suspended policy binding ahead of predicted Hurricane Helene, and a board member asked if the carrier could do more to help policyholders manage flood insurance claims from the looming storm. Citizens Property Insurance Corp., “My question …

Claim 279

Claim Policyholder Property Insurance Insurance Claim 279

Property Insurance Coverage Law

SEPTEMBER 22, 2024

A recent ruling by a federal trial court stated that the policyholder claimed that a severe hailstorm on May 28, 2021, caused extensive damage to his property, including damage to the roof, vents, flashings, windows, window screens, fascia, gutters, downspouts, and HVAC system. appeared first on Property Insurance Coverage Law Blog.

Claim 187

Claim Policy Policyholder Damage 187

Insurance Journal

SEPTEMBER 11, 2024

The Louisiana Department of Insurance issued guidance for residents who have a homeowners policy with Additional Living Expenses (ALE) coverage ahead of Hurricane Francine. ALE coverage pays for additional living expenses like hotel stays and food while a policyholder’s home …

Policyholder 264

Policyholder Policy Insurer Insurance 264

Top Insurance Blogs

MAY 17, 2025

You can cancel your car insurance policy in Germany without incurring extra fees if you understand the process and adhere to the stipulated timelines. As a licensed insurance agent with over a decade of experience in Germany and a policyholder for more than 20 years, I’ve guided numerous clients through this procedure.

Insurance Policy 52

Insurance Policy Policy License Policyholder 52

Property Insurance Coverage Law

AUGUST 16, 2024

At least until recently, when a California appellate court thrust it front and center and applied it to a … The post Can policy limitations or exclusions be disregarded as illusory? The doctrine of “illusory” coverage comes up from time to time in discussions but rarely, if ever, in case law.

Policy 203

Policy Property Insurance Insurance Insured 203

Property Insurance Coverage Law

MARCH 29, 2025

When policyholders file an insurance claim, they expect their insurer to pay losses. Most policyholders have never read their policy nor would appreciate what it even means with nuanced coverage causation rules applying that vary from state to state.

Policyholder 100

Policyholder Property Insurance Insurance Claim Claim 100

Property Insurance Coverage Law

SEPTEMBER 25, 2024

There is a practical aspect of this—you want to represent people and businesses … The post Is the Address Correct on the Property Insurance Policy? appeared first on Property Insurance Coverage Law Blog.

Property Insurance 203

Property Insurance Insurance Policy Policy Insurance 203

Insurance Journal

APRIL 6, 2025

By Chad Hemenway Policy discussions on the use of artificial intelligence in insurance are ‘unfounded’ and ‘detrimental to policyholders,’ according to an analysis from the National Association of Mutual Insurance Companies (NAMIC). The use of AI in insurance underwriting and …

Policyholder 232

Policyholder Underwriting Underwriter Insurance Companies 232

Cowbell

FEBRUARY 6, 2025

At Cowbell, weve long believed that prevention is better than cure , and we strive to deliver more than just an insurance policy to fall back on. This blog post aims to provide everyoneCowbell employees, broker partners, and policyholders alikewith a comprehensive overview of what CRS entails and why it matters.

Policyholder 52

Policyholder Cyber Broker Risk 52

Property Insurance Coverage Law

NOVEMBER 5, 2024

A recent Indiana Court of Appeals decision where Merlin Law Group’s Ed Eshoo was counsel for the policyholder provides a textbook example of how an insurance company’s conduct can waive strict policy requirements, even when attempting to preserve those rights through reservation letters.

Claim 203

Claim Policyholder Insurance Companies Property Insurance 203

The Property Insurance Law Observer

MARCH 20, 2025

Consequently, the plaintiff was not entitled to indemnity for damage to the property it purported to insure under a commercial property insurance policy. [1] Consequently, the plaintiff was not entitled to indemnity for damage to the property it purported to insure under a commercial property insurance policy. [1] Hawley Insurance Co.

Property Damage 130

Property Damage Damage Insurance Insurer 130