C. Andrew Gibson | Idaho Business Review | November 25, 2016 Carrying adequate insurance is a critical risk management step for developers, builders and designers working on construction projects. Yet the important intricacies of coverage are too often overlooked at the time of contracting as the parties deal quickly to get a project moving forward.… Continue reading Year-End Insurance Review: Common Coverage Oversights
Tag: insurance coverage
Florida Supreme Court Decides that Concurrent Causes Equal Coverage
Heidi Hudson Raschke | PropertyCasualtyFocus | December 2, 2016 It’s said that “defeat is an orphan,” but insurable losses often have multiple, concurrent causes. In some cases, one or more of those causes might be outside the scope of coverage, either by omission or exclusion. In Sebo v. American Home Assurance Company, No. SC14-897 (Fla. Dec.… Continue reading Florida Supreme Court Decides that Concurrent Causes Equal Coverage
What Constitutes Enforcement of a Building Ordinance or Law?
Edward Eshoo | Property Insurance Coverage Law Blog | December 6, 2016 “Ordinance or law” property insurance coverage is typically triggered when, following a covered loss to a covered building, an insured incurs certain costs due to the enforcement of an ordinance or law 1 requiring or regulating the demolition, construction, or repair of buildings.2 What… Continue reading What Constitutes Enforcement of a Building Ordinance or Law?
Calculating Depreciation: Are Generic Tables Reliable or Based on Any Scientific Study?
Chip Merlin | Property Insurance Coverage Law | December 2, 2016 Depreciation tables were first introduced to me when studying accounting at the University of Florida. The tables were based on tax schedules and other accounting methods which usually had nothing to do with the actual depreciation of an item. Indeed, if you used tax depreciation… Continue reading Calculating Depreciation: Are Generic Tables Reliable or Based on Any Scientific Study?
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?