Property Insurance Centre

MARCH 19, 2024

By understanding key terms, policy details, and the rights and responsibilities of policyholders, consumers can engage with insurers more effectively, ensuring better communication and ultimately achieving their desired outcomes. By exploring these guides, individuals can gain a comprehensive understanding of why insurance is essential.

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Property Insurance Policyholder Insured Insurance 52

Shield Insurance Agency

AUGUST 20, 2024

Small Insurance Claims Can Raise Premiums Small insurance claims, such as those for minor property damage, may seem like a hassle to deal with. Many policyholders may be tempted to file a claim for every little incident in the belief that their insurance policy will cover all damages.

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Insurance Claim Claim Protection Out-Of-Pocket 52

LexisNexis

JANUARY 28, 2025

Insuring Construction Risks through Commercial General Liability Policies Scrutinize the risks covered by the commercial general liability (CGL) policy and how to specify in a construction contract the insurance to be obtained so that coverage for construction risks is maximized.

Commercial General Liability 40

Commercial General Liability General Liability Property Damage Injury 40

LexisNexis

JANUARY 28, 2025

Insuring Construction Risks through Commercial General Liability Policies Scrutinize the risks covered by the commercial general liability (CGL) policy and how to specify in a construction contract the insurance to be obtained so that coverage for construction risks is maximized.

Commercial General Liability 40

Commercial General Liability General Liability Property Damage Injury 40

Property Insurance Centre

JULY 21, 2024

Aspray, a leading property damage claims management company, can act on your behalf when you need to make a claim. Aspray’s repeat win is a reflection of their unwavering commitment to delivering top-notch service to their clients, ensuring that they receive the best possible outcome in times of property damage.

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Claim Property Damage Building Property Insurance 52

Bankers Insurance

AUGUST 8, 2024

Most commercial property insurance policies include coinsurance clauses, which encourage policyholders to carry reasonable and accurate coverage amounts. Under a coinsurance clause, a policyholder faces a penalty — usually a reduced payout — if their coverage limit is not at least equal to a predetermined percentage (e.g.,

Commercial Property 59

Commercial Property Property Insurance Commercial Out-Of-Pocket 59

Property Insurance Centre

JANUARY 4, 2024

The impacts of weather events and natural disasters go beyond immediate property damage, affecting communities and economies on a larger scale. The impact of weather events and natural disasters has forced the industry to reevaluate risk management strategies and introduce innovative solutions to ensure adequate coverage for insureds.

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Property Insurance Commercial Property Liability Insured 52

Hunton Andrews Kurth

JULY 20, 2023

The decision underscores the importance of coordination of different coverages and policies across insurance programs, as well as the potential perils policyholders may face if forced to seek recovery for certain losses under non-traditional policies. In any event, the ruling is a mixed bag for policyholders.

Commercial General Liability 40

Commercial General Liability General Liability Injury Property Damage 40

Distinguished

NOVEMBER 7, 2024

Surety’s Defenses : The surety may invoke certain defenses against the obligee’s claim, such as contract modifications that increase the surety’s risk without consent or the obligee’s failure to comply with contractual conditions that mitigate the surety’s obligations.

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Claim Compensation Risk Broker-Agent 52

Cover4LetProperty

OCTOBER 10, 2022

So, the biggest nightmare is losing it all from incidents such as fire, flooding, or subsidence, for example, as well as other risks to the building and its contents. Why do I need specialist let property insurance, rather than any other type of property insurance? Do these areas include all-risks cover?

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Insured Insurance Insurer Property Insurance 52

Risk Management Monitor

SEPTEMBER 30, 2022

To the north, post-tropical storm Fiona inflicted catastrophic damage across parts of eastern Canada last week, causing devastating property damage and leaving hundreds of thousands of Canadians without power. “First, get the adjuster to the site as soon as possible.

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Damage Claim Broker-Agent Risk 75

LexisNexis

DECEMBER 10, 2024

Generally, an insured's work product is not covered, but defective workmanship that causes property damage is covered. However, the states vary in their application of these general rules. It includes practice notes, state law surveys, a checklist, and clauses.

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General Liability Liability Commercial General Liability Liability Insurance 40

LexisNexis

NOVEMBER 19, 2024

Explore the Chevron Reversal Impact Resource Kit for analysis related to the Supreme Court’s decision to overturn four decades of deference to federal agency interpretations of ambiguous statutes.

Claim 40

Claim Property Damage Injury General Liability 40

The Property Insurance Law Observer

APRIL 1, 2025

2025), the United States Court of Appeals for the Eighth Circuit determined that an ensuing loss provision of a builders risk insurance policy did not restore coverage resulting from defective workmanship where the insured failed to identify a separate covered peril. In Bob Robison Commercial Flooring Inc. PERILS EXCLUDED 2.

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Damage Policy Insurance Policy Risk 130

Distinguished

JUNE 2, 2025

Harsh winters, severe storms, aging infrastructure, and liability claims can all turn a profitable property into a financial setback without proper insurance. Winter brings heavy snowfall and cold temperatures, and with it, ice dams and frozen pipes, which can cause significant property damage. In fact, 9.3% In fact, 9.3%

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Liability Insured Insurance Insurer 52