Category Archives: Insurance tips
One Method Insurance Companies Use to Reduce Business Interruption Claims in Texas
As mentioned in some of my prior posts, Business Interruption coverage protects an insured against a loss of business income that the insured suffers as a result of a covered peril. However, although an insured may suffer an interruption of business, i…
Subrogation in South Africa: There’s No Difference Between a Farthing and a Rand
As Lord Mansfield ruled in one of the oldest English authorities on subrogation, payment of the loss by an insurer to its insured does not affect the liability of the wrongdoer. He set forth the basic principle as follows:
“Every day the insurer …
Hurricane Law Tip – Advise Policyholders of the Importance to Complete and Document Repairs After a Loss
Fortunately, South Florida was not slammed this past hurricane season as the forcasters predicted. Now, with the holiday season here, the last thing on many policyholders’ minds is the ramifications surrounding hurricane claim sett…
Cell Phone Usage Does Not Increase Collision Claims
Fox News had me debate cell phone bans last fall. Transportation Secretary Ray LaHood was calling on Congress to pass a national law banning the use of cell phones in vehicles. Millions of us safely use cell phones in automobiles. Many conduct bus…
Are your tenants covered? – Understanding Business Interruption Claims, Part 53
Finding out that your insurance policy does not provide coverage for your losses is probably one of the hardest pills to swallow. For that reason, commercial property owners should pay careful attention to the landlord-tenant insurance responsibilities…
Will Healthcare Reform Benefits Be Realized?
According to a new report issued by independent research group The Commonwealth Fund, baby-boomers in particular will benefit from the new healthcare reform law, the Affordable Care Act of 2010. See http://thehill.com/blogs/healthwatch/health-reform-i…
What Role Does an Insurer’s “Preferred Contractor Program” Play in a Bad Faith Lawsuit? Part IV
I would like to continue the topic of my last few posts addressing the “preferred contractor” or “quality vendor” programs that insurers frequently implement. Generally, these programs consist of a number of vendors, such as ele…
The Collateral Source Rule
My last couple of hurricane related posts involved discussions of The Other Insurance Clause and The Total Loss Recovery Rule as discussed in Citizens Property Ins. Corp. v. Ashe, No. 1D09-1546, 2010 WL 4628915 (Fla. 1st DCA Nov. 17, 2010). The last ma…
Are Property Manager’s Fees Recoverable? – Understanding Business Interruption Claims – Part 52
Property manager’s fees are normally considered “continuing expenses” in business income claims. The standard Business Income (And Extra Expense) Coverage Form CP 00 30 04 02 says, "We will pay for the actual loss of Business Inc…
California Storms Have Cars Slip Slidin’ Away
As wet weather covers the state, slick and flooded roads threaten to wreak havoc for drivers. Motorists having to drive in wet weather should slow down, allow more space between cars while driving, turn on their headlights and …
