William S. Bennett | SDV Insights First-party insurance coverage is typically structured on the basis of one of two types of insuring agreements: “All Risks” and “Covered Peril.” While the difference may seem innocuous, the ramifications of having one versus the other can be monumentally important in a disputed claim scenario. For the reasons discussed… Continue reading Whose Burden is It Anyway: All Risk vs. Covered Peril Policies
Tag: Covered Peril
What Is Direct Physical Loss That Results From A Covered Peril?
Shaun Marker – April 29, 2013 I find it amazing in first-party property insurance that even after one has handled thousands of claims, new issues surface involving the same policy language dealt with over and over again. When such issues present themselves, the cynic may think: is the proponent of this argument clueless? The pessimist… Continue reading What Is Direct Physical Loss That Results From A Covered Peril?