Schwartz, Conroy & Hack Many commercial property policies provide coverage for business interruption losses that result from physical loss of or damage to insured property that was caused by a covered peril. For instance, if you can’t open your store temporarily due to damage from a fire, you could put in a claim for revenue… Continue reading What Is Included In Business Interruption Coverage?
Category: Insurance Coverage
The Water Damage Exclusion And Your Commercial Property Insurance
Schwartz, Conroy & Hack An all-risk commercial property insurance policy does not, in fact, cover all risks. Every property insurance policy has exclusions, and one of the most common – and most often disputed – is the water damage exclusion. What is a water damage exclusion clause? A water damage exclusion clause bars coverage for… Continue reading The Water Damage Exclusion And Your Commercial Property Insurance
There’s No Place Like Home! Kansas Federal Court Holds Homeowner’s Policy Coverage Requires Policyholder to Physically Reside at Residence
Vincent Passarelli | Property Insurance Law Observer A federal court recently held that an insurer may deny coverage under a homeowner’s policy for a “residence premises” when the insured never actually lived at the premises. In Sina Davani v. Travelers Personal Insurance Company and Geico Insurance Agency, LLC, Case No. 22-1244 (D. Kan. October 26, 2023),… Continue reading There’s No Place Like Home! Kansas Federal Court Holds Homeowner’s Policy Coverage Requires Policyholder to Physically Reside at Residence
Grappling with the Wear and Tear Exclusions of Homeowner’s Policies
Gabrielle L. Wright | Marshall Dennehey Chabad filed a claim for water damage after a drain or sewer pipe broke. The insurer denied the claim under the general water damage exclusion but offered $5,000 under the “Water Backup or Overflow of Sewers and Drains” extension of the policy. The court granted the insured’s motion for… Continue reading Grappling with the Wear and Tear Exclusions of Homeowner’s Policies
False Claims Act Investigation Is Covered Under Insured’s D&O Policy, Court Says
Lilit Asadourian and Alice Kyureghian | Barnes & Thornburg Highlights The Delaware Supreme Court affirmed a summary judgment ruling against ACE, finding that the professional services exclusion in ACE’s management liability insurance policy does not apply to bar coverage for a False Claims Act (FCA) investigation against Guaranteed Rate. This landmark case carries substantial precedential… Continue reading False Claims Act Investigation Is Covered Under Insured’s D&O Policy, Court Says