Matt Dunning – November 20, 2013 Although most contractors acknowledge that maintaining thorough contractual and operation records can greatly reduce the severity of construction defect claims, insurance experts said Wednesday that lack of documentation among their clients remains a pervasive issue. In 2012, in four out of five construction defect disputes involving Hartford, Conn.-based Travelers… Continue reading Construction Records Key to Defending Defect Claims
Tag: Insurance Claims
Examinations Under Oath of Multiple Parties for the Same Claim
David Furtado – November 30, 2013 When an insurance company requests an Examination Under Oath of multiple parties in the same claim such as a husband and a wife, it has been my practice to have spouses attend each other’s Examination Under Oath absent a policy provision in the insurance contract that prevents this practice.… Continue reading Examinations Under Oath of Multiple Parties for the Same Claim
Texas Appraisal – Snap Shot of Appraisal Provisions in Gulf Coast States
Nyanza Moore – November 26, 2013 Insurance policies often include appraisal provisions that can not only vary from state to state but policy to policy. In this first snap shot I’ll focus on appraisal provisions found in some Texas policies and how the Texas courts have interpreted them. The purpose of an appraisal provision is… Continue reading Texas Appraisal – Snap Shot of Appraisal Provisions in Gulf Coast States
Recovering Replacement Cost After Selling Unrepaired Property
Ashley Smith – November 7, 2013 The last several months I’ve spent the majority of my time on the New Jersey Shore. Among the reconstruction, empty lots, and damaged homes I also see a growing number of “for sale” signs lining the sidewalks. In fact, this was a topic of conversation Tuesday night over dinner… Continue reading Recovering Replacement Cost After Selling Unrepaired Property
Insurance Policy Tear-out Provision May Require Insurance Carrier To Pay For Costs To Repair Plumbing
Shaun Marker – November 12, 2013 First-party property insurance policies often contain tear-out provisions that provide coverage for situations where there is a leak in the pipes of the plumbing system, and to repair the plumbing system from which the water escaped, there is a need to tear-out building materials to access the pipes. What… Continue reading Insurance Policy Tear-out Provision May Require Insurance Carrier To Pay For Costs To Repair Plumbing