Iris Kuhn | Property Insurance Coverage Law Blog | May 31, 2019 Business Interruption coverage protects the potential earnings of the insured business while its operations are suspended as a result of damage caused by a covered peril. The period of restoration has a direct effect on the actual loss suffered. A typical definition in… Continue reading Can My Business Recover Additional Income Loss If Code Upgrades Are Delaying the Time to Complete Repairs?
Tag: property damage
Subcontractor Entitled to Defense for Defective Work Causing Property Damage Beyond Its Scope of Work
Tred R. Eyerly | Insurance Law Hawaii | May 1, 2019 The Illinois Court of Appeals found the subcontractor was owed a defense for alleged property damage caused by its faulty workmanship, but outside its scope of work. Acuity Ins. Co. v. 950 W. Huron Condo. Ass’n, 2019 Ill. App. LEXIS 208 (Ill. Ct.… Continue reading Subcontractor Entitled to Defense for Defective Work Causing Property Damage Beyond Its Scope of Work
“Rip-and-Tear Damages” In Construction: A Roadmap For Coverage Where None Existed?
Ashley Veitenheimer | Kane Russell Coleman Logan | May 22, 2019 The insuring agreement in most commercial general liability policies states that the carrier “will pay those sums that the insured becomes legally obligated to pay as damages because of…’property damage’ to which this insurance applies.” In addition, most policies exclude coverage for the defective work… Continue reading “Rip-and-Tear Damages” In Construction: A Roadmap For Coverage Where None Existed?
‘Matching Regulations’ Affecting Homeowners’ Insurance Claims: Viewpoint
Gary L. Wickert | Claims Journal | April 4, 2019 It remains one of the most difficult issues to deal with in the world of property insurance. Homeowners’ insurance policies usually contain a provision obligating the carrier to repair or replace an insured’s damaged property with “material of like kind and quality” or with “similar… Continue reading ‘Matching Regulations’ Affecting Homeowners’ Insurance Claims: Viewpoint
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?