Advise & Consult, Inc. It seems that some new property insurance policy forms may require additional criteria for determining the qualifications of appraisers and umpires. Here are some details from State Farm’s new California property insurance policy: f. To qualify as an appraiser or umpire for a loss to property described in COVERAGE A –… Continue reading New Policy Forms May Call For Umpire and Appraiser Credentials
Tag: Property Insurance Policy
ACV And RCV: Are Courts Respecting The Difference?
Mary Alice Jasperse | Drew Eckl & Farnham A continual issue that our clients have seen is for contractors and public adjusters to attempt to blur the distinction between ACV and RCV figures in an effort to recover RCV upfront and without incurring the RCV expenses. In appraisal, this circumstance can arise when a policyholder demands appraisal… Continue reading ACV And RCV: Are Courts Respecting The Difference?
Court in Montana Applies Anti-Concurrent Causation Clause to Earth Movement Exclusion
Alycen A. Moss and Elliot Kerzner | Property Insurance Law Observer A district court in Montana recently applied an anti-concurrent clause in a property insurance policy to preclude coverage based on an earth movement exclusion. In Ward v. Safeco Ins. Co. of Amer., No. 1:19-CV-0133-SPW, 2021 WL 3492294 (D. Mont. Aug. 9, 2021), the insured’s tenant… Continue reading Court in Montana Applies Anti-Concurrent Causation Clause to Earth Movement Exclusion
Stranger Than Fiction: Property Insurance Policies Do Not Cover…Exploding Corpses!!?!
Charles Mathis – May 20, 2014 Certainly the majority of an attorney’s work in any given field has a certain amount of repetition, whether returning clients or similar claims. However, occasionally a case comes along unlike any you’ve ever seen before: Last week, Florida’s Fourth District Court of Appeal ruled that damage caused to a home due to… Continue reading Stranger Than Fiction: Property Insurance Policies Do Not Cover…Exploding Corpses!!?!