Chip Merlin | Property Insurance Coverage Law Blog | November 21. 2016 Many property insurance company adjusters are required by their companies to determine the amount of depreciation to be taken when arriving at amounts of actual cash value. Many are told to determine this amount by determining the replacement cost and then subtracting depreciation.… Continue reading Determining Depreciation–Are Policyholders Getting Ripped Off?
Tag: Insurance Claims
Consequential Damages Flowing from Construction Defect Not Covered Under Florida Law
Tred R. Eyerly | Insurance Law Hawaii | November 16, 2016 Interpreting Florida law, the United States District Court found there was no duty to defend a contractor against construction defect claims. Evanston Ins. Co. v. Dimmucci Dev. Corp. of Ponce Inlet, Inc., 2016 U.S. Dist. LEXIS 123678 (M.D. Fla. Sept 13, 2016). The insured… Continue reading Consequential Damages Flowing from Construction Defect Not Covered Under Florida Law
Flying High: The Use Of Drones For Property Inspections
Kelly Greco | Fox Rothschild LLP | November 5, 2016 With the rapid expansion of the drone industry, the FAA has granted more than 4,200 special permits for companies wanting to utilize drones to advance innovations in their businesses.[1] According to the Association for Unmanned Vehicle Systems International, companies representing more than 600,000 jobs and… Continue reading Flying High: The Use Of Drones For Property Inspections
The Cooperation Clause – Do I have to Cooperate with the Insurer’s Investigation?
Kevin Pollack | Property Insurance Coverage Law Blog | November 7, 2016 Public adjuster and policyholder advocates often get questions from insureds about the extent that insureds must cooperate with insurers during the investigation stage of a claim. As an example, some insureds have asked me whether they really must produce financial documents and receipts… Continue reading The Cooperation Clause – Do I have to Cooperate with the Insurer’s Investigation?
Waivers of Subrogation: When a Waiver is not a Waiver
Robert M. Flannery and Douglas Glombarrese | International Law Office | October 25, 2016 Introduction Subrogation – an insurer’s right to ‘step into the shoes’ of its insured and assert the rights of the substituted party – is a fundamental principle in insurance law that allows an insurer to sue an at-fault third party after… Continue reading Waivers of Subrogation: When a Waiver is not a Waiver