Travelers Builders Risk Policy—Don’t Buy It If You Are an Owner or Developer
Merlin Law Group | Property Insurance Coverage Law Blog
by Chip Merlin
23h ago
A recent Travelers case seems to be an example of an insurer allowing its attorneys to argue anything to win. If you are an owner or developer and require your contractor to purchase a builders risk policy with soft costs and loss of rents overage, whatever you do, do not allow the contractor to purchase … The post Travelers Builders Risk Policy—Don’t Buy It If You Are an Owner or Developer appeared first on Property Insurance Coverage Law Blog ..read more
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What Is Bad Faith Claims Handling? What Happens If the Insurer Changes Its Position to “No More Is Owed?”
Merlin Law Group | Property Insurance Coverage Law Blog
by Chip Merlin
2d ago
The insurer changes its position regarding the amount damaged or owed. Does that mean the insurer acted in bad faith? The answer is obviously ‘no.’ New information that is legitimate may change what is owed to the policyholder. A recent Colorado case discussed these issues.1 Here are the facts recited by the judge: After the … The post What Is Bad Faith Claims Handling? What Happens If the Insurer Changes Its Position to “No More Is Owed?” appeared first on Property Insurance Coverage Law Blog ..read more
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What Is a Public Adjuster and When Do You Need One?
Merlin Law Group | Property Insurance Coverage Law Blog
by Deborah A. Gechijian, Esq.
3d ago
Since their inception, insurance companies have had one objective – to minimize payouts and mitigate risk. Insurance companies make business decisions predicated upon their bottom line and their ratings. Consumers often find themselves under the misapprehension that just because they have insurance, they will be covered for any loss. Fair and reasonable settlement offers that … The post What Is a Public Adjuster and When Do You Need One? appeared first on Property Insurance Coverage Law Blog ..read more
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Misrepresentation In The Application– Incorrect Answers About Prior Losses And Rental Use Doom Recovery
Merlin Law Group | Property Insurance Coverage Law Blog
by Chip Merlin
4d ago
Policyholders must provide accurate answers to questions in insurance applications or face the possibility of no recovery. Prior losses and use of the property as a business or as rental property are often inquired about before an insurer will agree to insure the property. The answers need to be accurate or a policyholder will jeopardize … The post Misrepresentation In The Application– Incorrect Answers About Prior Losses And Rental Use Doom Recovery appeared first on Property Insurance Coverage Law Blog ..read more
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AXA Insurance Company Issues Apology For Staged Tesla Battery Fire
Merlin Law Group | Property Insurance Coverage Law Blog
by Chip Merlin
5d ago
My research cannot uncover any evidence of any property insurance company issuing a public apology for bad faith practices or wrongful claims handling. I started this inquiry after writing this thought in “What Is the General Perception of the Property Insurance Industry?”: Rarely is a public apology given for a wrongful claims practice. Indeed, I … The post AXA Insurance Company Issues Apology For Staged Tesla Battery Fire appeared first on Property Insurance Coverage Law Blog ..read more
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What Is the General Perception of the Property Insurance Industry?
Merlin Law Group | Property Insurance Coverage Law Blog
by Chip Merlin
5d ago
There are many very well intentioned, competent, and honorable insurance claims professionals working for property insurance carriers. While reading some of the more than one thousand comments from the article, State Farm Refused To Cover This Florida Man’s Repairs on His Porsche — Why The Courts Are Now Involved, I was wondering what they would … The post What Is the General Perception of the Property Insurance Industry? appeared first on Property Insurance Coverage Law Blog ..read more
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What Does It Mean To Be “The Policyholder’s Advocate?” A Blog Post For Every Leader Supporting Policyholders
Merlin Law Group | Property Insurance Coverage Law Blog
by Chip Merlin
1w ago
Amy Bach of United Policyholders (UP) deserves to be recognized more than anybody else after writing the title of this post. She has stood the test of time. She is “The Good Shepherd” for policyholders. Since co-founding UP in 1991, Bach has dedicated her career to advocating for the rights and interests of insurance consumers across the … The post What Does It Mean To Be “The Policyholder’s Advocate?” A Blog Post For Every Leader Supporting Policyholders appeared first on Property Insurance Coverage Law Blog ..read more
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The Policyholder Eventually Must Prove the Amount of the Loss
Merlin Law Group | Property Insurance Coverage Law Blog
by Chip Merlin
1w ago
An unpublished California case decided this week1 makes a basic point of property insurance claim practice: The policyholder must eventually prove the amount of damage. Policyholders with a significant property damage claim should always consider hiring a competent and experienced public adjuster to do so. The insurance company argued that it paid everything it determined … The post The Policyholder Eventually Must Prove the Amount of the Loss appeared first on Property Insurance Coverage Law Blog ..read more
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Evaluating Roof Damage: Who Really Is Qualified To Conduct An Expert Roof Examination?
Merlin Law Group | Property Insurance Coverage Law Blog
by Picl Guest Blogger
1w ago
Note: This guest post is by Steven Thomas. As President and Owner of Roof Leak Detection Company, Inc., Steven Thomas has evaluated over 20,000 roofing systems on commercial, industrial, and residential properties, and has been qualified in court as an expert regarding roof testing and evaluations. His company is an approved Testing Laboratory and has … The post Evaluating Roof Damage: Who Really Is Qualified To Conduct An Expert Roof Examination? appeared first on Property Insurance Coverage Law Blog ..read more
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Statutes and Case Law Impact Insurance Policy Interpretation
Merlin Law Group | Property Insurance Coverage Law Blog
by Chip Merlin
1w ago
The post: “Do Typical Insurance Appraisers Follow California Code of Civil Procedure 1282.2?” led to an interesting comment from an experienced Florida public adjuster, Bill Cook: How does the required code apply when the two appraiser are able to negotiate a resolution absent umpire involvement in accordance with policy provisions? Should parties be required to incur … The post Statutes and Case Law Impact Insurance Policy Interpretation appeared first on Property Insurance Coverage Law Blog ..read more
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