Brian Hohman | Butler Weihmuller Katz Craig Florida is replete with houses that contain cast iron pipes. After several years, those pipes deteriorate to the point that water leaks out, causing a loss. The Fifth District Court of Appeal recently addressed this same fact pattern when considering the limits of what an insurer is required… Continue reading The Water Damage Endorsement Does Not Include “Tear Out” Cost In Cast Iron Pipe Claims
Tag: Water Damage
Frozen Pipe Claims: Subrogation, Common Failures, and Complex Causes
Andrew Schmit | Claims Pages Each year, water damage and freezing pipes cost insurers $15-$20 billion and result in claims from approximately 1 in 50 insured homes.1 While many cases of water damage are caused by a lack of maintenance or normal wear and tear, in the winter months, claims related to water damage and freezing… Continue reading Frozen Pipe Claims: Subrogation, Common Failures, and Complex Causes
Insurers Hope to Head Off Claims With IoT Devices
William Rabb | Claims Journal Wouldn’t it be nice, if, instead of relying on adjusters and restoration companies to surmise how much damage was actually caused by a water leak, an insurer could stop the leak almost before it starts. That’s now the reality for a growing number of insurers who have deployed leak sensors… Continue reading Insurers Hope to Head Off Claims With IoT Devices
Water Damage: Construction’s Often Unnoticed Threat
Yaron Dycian | Construction Executive Fire damage to commercial buildings might get headlines, but water damage, whether to projects under construction or completed buildings, delivers massive financial blows to owners, developers and contractors. The impact is massive, reaching many billions of dollars per year. One water leak on the 19th floor at a construction site… Continue reading Water Damage: Construction’s Often Unnoticed Threat
Florida Appellate Court Holds Anti-Concurrent Cause Provision in Exclusion Excludes Entire Loss When a Covered Cause Occurs Concurrently With an Excluded Cause
Derek R. Lenzen | Phelps Dunbar A Florida appellate court held that where water damaged property through walls and windows (an excluded cause) and also through a door (a covered cause), the all-risk policy’s anti-concurrent cause provision controls, and coverage for the entire loss is excluded. Security First Ins. Co. v. Czelusniak, 45 Fla. L.… Continue reading Florida Appellate Court Holds Anti-Concurrent Cause Provision in Exclusion Excludes Entire Loss When a Covered Cause Occurs Concurrently With an Excluded Cause