Tred R. Eyerly | Insurance Law Hawaii | June 26, 2019 The court approved the insurer’s endorsement which stated the insured would not pay for undamaged property in order to match damaged property. Noonan v. Am. Family Mut. Ins. Co., 2019 U.S. App. LEXIS 15545 (May 24, 2019). After hail and wind… Continue reading Endorsement Excludes Replacement of Undamaged Property with Matching Materials
Category: Insurance Coverage
Court Does Not Pity the Fool Who Does Not Fully Read His Insurance Policy
Paul LaSalle | Property Insurance Coverage Law Blog | August 23, 2019 Chip Merlin frequently stresses the importance of reading the whole insurance policy when determining whether there is coverage for the relevant property damage. The failure to do so was highlighted in a recent case,1 where a Pennsylvania federal court stated it could not ignore the… Continue reading Court Does Not Pity the Fool Who Does Not Fully Read His Insurance Policy
All Acquisition Costs Should Be Included For Replacement Cost Values
Chip Merlin | Property Insurance Coverage Law Blog | August 17, 2019 Insurance company adjusters often leave off the reasonably expected acquisition costs when determining replacement cost. While the actual pricing can become theoretical, the bottom line is that these acquisition costs can be a material cost and every adjuster should include them when determining… Continue reading All Acquisition Costs Should Be Included For Replacement Cost Values
How Contractors Can Prevent Fraud in Their Workforce
Sarah Hofmann | Construction Executive | June 14, 2019 The word fraud might conjure up images of Wall Street executives led out to police cars in cuffs, or sleazy conmen with slicked-back hair. While these ideas might be popular in movies and TV, and often in the news, many small and large businesses fall victim… Continue reading How Contractors Can Prevent Fraud in Their Workforce
California Insurers Are Violating Replacement Cost Estimate Laws
Daniel Veroff | Property Insurance Coverage Law Blog | August 13, 2019 Many policyholders do not have enough insurance to replace their buildings or homes after a total loss. Often these policyholders were assured by their agents or insurance companies at the point of sale that their limits were sufficient. And many times these assurances… Continue reading California Insurers Are Violating Replacement Cost Estimate Laws