Victor Jacobeills | Property Insurance Coverage Law Blog | March 26, 2019 The California Insurance Code mandates if a property insurance policy requires actual cash value payment, the payment must be based on the property’s depreciation for two types of claims: (1) a partial loss to a structure, i.e., a home or building and (2) damaged… Continue reading Applying Depreciation in California – Understanding the Guidelines
Category: Property Damage
Appellate Court asks Florida Supreme Court: What Kind of Damages Are Repair Costs?
Amandeep S. Kahlon | Bradley Arant Boult Cummings | February 26, 2019 On January 25, 2019, a Florida appellate court certified the following question to the Florida Supreme Court: WHERE A CONTRACT EXPRESSLY REQUIRES A PARTY TO INSPECT, MONITOR, AND OBSERVE CONSTRUCTION WORK AND TO DETERMINE THE SUITABILITY OF MATERIALS USED IN THE CONSTRUCTION, BUT… Continue reading Appellate Court asks Florida Supreme Court: What Kind of Damages Are Repair Costs?
No Coverage for Defects in Subcontrator’s Own Work
Tred R. Eyerly | Insurance Law Hawaii | February 11, 2019 Damage to the concrete floor installed by the insured subcontractor was not property damage and thus not covered under the insured’s CGL policy. Kalman Floor Co. v. Old Republic Gen. Ins. Corp., 2019 U.S. Dist. LEXIS 3319 (D. Colo Jan. 8, 2019). … Continue reading No Coverage for Defects in Subcontrator’s Own Work
Loss of Use can be “Property Damage” under Insurance Policies
Kevin Brodehl | Money & Dirt | February 10, 2019 General liability insurance policies normally cover “property damage.” Physical injury to, or outright destruction of, property almost always fits within policy coverage. But what about situations when the property is not physically injured at all, but the owner has lost important use rights associated with… Continue reading Loss of Use can be “Property Damage” under Insurance Policies
Ice Dammed If You Do, Ice Dammed If You Don’t
Michael Duonocore | Property Insurance Coverage Law Blog | February 8, 2019 This time of year, the northeast of the United States starts to feel insufferably cold, followed up by winter storms which can dump anywhere from an inch to three feet of snow at a time. The snow can be a welcomed arrival in… Continue reading Ice Dammed If You Do, Ice Dammed If You Don’t