Heidi Hudson Raschke | PropertyCasualtyFocus | January 29, 2016 When a property insurance policy covers a multi-story building or multi-building property, and a portion sustains damage, there is often a question regarding the extent to which undamaged property should be replaced to ensure matching and/or aesthetic uniformity throughout the property. In Great American Insurance Company… Continue reading Coverage for Direct Physical Loss Does Not Necessarily Include “Matching” or Require “Aesthetic Uniformity”
Tag: Direct Physical Loss
What Is Direct Physical Loss That Results From A Covered Peril?
Shaun Marker – April 29, 2013 I find it amazing in first-party property insurance that even after one has handled thousands of claims, new issues surface involving the same policy language dealt with over and over again. When such issues present themselves, the cynic may think: is the proponent of this argument clueless? The pessimist… Continue reading What Is Direct Physical Loss That Results From A Covered Peril?