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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
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Fifth Circuit Holds That Sales Tax is Not a Component of Actual Cash Value

The Property Insurance Law Observer

Ending a putative class action, the United States Court of Appeals for the Fifth Circuit examined policy language and two statutes to hold that an insurer does not owe sales tax on top of an actual cash value payment. The policyholder’s contract provided: Limit of liability A. The address shown in this policy. July 24, 2024).

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Homeowners Insurance: Do You Need It?

Property Insurance Coverage Law

Homeowners insurance typically covers natural disasters, theft, vandalism, and liability — but specific policies vary in terms of coverage. We’ve all heard of homeowners insurance — but what exactly is it? Homeowners insurance provides financial protection for your home and its contents.

Theft 100
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What Your Clients Must Know About Cyber Insurance War Exclusions

ProWriters

But these policies may not always offer the levels of protection purchasers think they do. China’s quest for “independence from the West” has led it to conduct state-sponsored campaigns of “cyber espionage and intellectual property theft,” Lior Div told cyber security firm ExtraHop.

Cyber 53
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Becoming a Cyber Insurance Leader

Zywave

We’re prepared to help you grow your distribution network, power your decision making with industry-leading data and insights and empower your teams and policyholders with industry knowledge and expertise. Policyholders are going to experience losses. And your own first-party data isn’t going to get you there.

Cyber 97
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Summertime Risks — Exposures That Heat Up with the Weather

American Agents Alliance

Policyholders are enjoying recreational activities like pools and backyard BBQs, hosting family and friends, and traveling to local events and weekend getaways. While fun, these activities can increase summertime risks for policyholders. Exposures like liability, theft, and property damage are high.

Risk 52
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Why can’t I get insurance?

Property Insurance Centre

Unfortunately, customers are more often than not caught in the middle, and end up having to fork out more money to pay for policies or settle for lesser cover. Let’s have a look at them… Don’t claim for everything – One thing insurers do not like, is a policyholder that claims over multiple times a year & for the smallest thing.

Insured 52