Edward Eshoo | Property Insurance Coverage Law Blog | March 3, 2019 In my experience, one of the most misinterpreted property insurance policy provisions is the 180-day notice requirement to receive replacement cost benefits. Many in the property insurance industry interpret the provision to require actual repair/replacement within 180 days of the loss. Others interpret… Continue reading Replacement Cost Coverage and the 180-Day Notice Requirement
Tag: Replacement Cost Coverage
Illinois Court Addresses Insured’s Entitlement To Replacement Cost Coverage
James Eastham | First Party Coverage Blog | February 23, 2018 In the recent case of Libman v. Great Northern Ins. Co., 2018 U.S. Dist. LEXIS 24580 (N.D. IL February 15, 2018), the Court addressed whether a property owner was entitled to replacement cost coverage for loss at an insured location which took place subsequent to… Continue reading Illinois Court Addresses Insured’s Entitlement To Replacement Cost Coverage