Stephanie Poll | Property Insurance Coverage Law Blog | June 25, 2017 The short answer is yes. In Conway v. Farmers Home Mutual Insurance Company, the California Court of Appeal followed several out-of-state authorities in considering the issue and ruling in favor for the insured.1 Chip Merlin raised this issue with respect to Texas back in 2009 –… Continue reading In California, Can an Insured Homeowner Recover Full Replacement Cost by Purchasing a Home at Another Location?
Category: Insurance Coverage
Water Damage Loss Time Limits and Hidden Damage—What Do Insurers Promise to Departments of Insurance?
Chip Merlin | Property Insurance Coverage Law Blog | June 26, 2017 I spoke about water damage loss at the National Association of Public Insurance Adjusters Annual Convention last week. One issue I discussed was the time limits of water damage. A recent post, Avoiding Denials of Water Damage Claims Based on “Long Term Damage Exclusions” also… Continue reading Water Damage Loss Time Limits and Hidden Damage—What Do Insurers Promise to Departments of Insurance?
Does Actual Cash Value Mean Fair Market Value or Replacement Cost minus Depreciation?
Kevin Pollack | Property Insurance Coverage Law Blog | June 4, 2017 What is an insured, who has an “actual cash value” property insurance policy, entitled to recover when their property is damaged, but not a total loss? Is the insured entitled to the cost to repair/replace the property minus depreciation? Or is the insured’s… Continue reading Does Actual Cash Value Mean Fair Market Value or Replacement Cost minus Depreciation?
The 7 Habits of Highly Effective Coverage Adjusters
Denise Johnson | Claims Journal | June 8, 2017 Good coverage adjusters don’t keep score of coverage denials and consider the policyholder, underwriter and agent perspectives when reviewing coverage, according to Kevin Quinley, founder and principal of Quinley Risk Associates. Quinley, who has nearly four decades of claims handling experience under his belt, said coverage… Continue reading The 7 Habits of Highly Effective Coverage Adjusters
Courts Misunderstand the Meaning of “That Particular Part”
David Smith | Policyholder Perspective | June 7, 2017 This is part one of a two-part series looking at how court decisions in recent years have thwarted general contractors’ reasonable expectation of coverage under their general liability policies. In early March, the Ninth Circuit Court of Appeals issued an unpublished opinion in Archer Western Contractors v.… Continue reading Courts Misunderstand the Meaning of “That Particular Part”