• Personal Property of Others in Comparison with Bailees Coverage

    Personal Property of Others in Comparison with Bailees Coverage What is the difference in coverage between personal property of others and a bailees form? If I insure a small art framing shop that has $10,000 of customers goods, I would use a bailee form but I'm not sure why. Connecticut...

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  • ACV or Sale Price?

    ACV or Sale Price? Our insured's customized van 2013 Dodge Caravan was totaled in an automobile accident on 8/30/19. CCC Valuation came in at $37,237.09. The insured has coverage for the customizing equipment. However, he only paid $28,000 for this van two years ago. Would we owe on the ACV CCC...

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  • Question of Duty to Inventory Loss Condition

    Question of Duty to Inventory Loss Condition In Form CP 00 17 06 07, Loss Condition (5), does the duty to inventory apply to any property  other than personal property? It would not be possible to inventory damaged and undamaged components of a building, for example, in a large loss. Many...

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  • Claim Involving Multiple Deductibles

    Claim Involving Multiple Deductibles Building is insured for $1,239,000. BPP is insured for $100,000. There is a named storm percentage deductible of 3% $15,000 minimum per location per attached named storm deductible endorsement. Building deductible would thus be $37,170. Damage to the building...

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  • Coverage For Damages When Theft Exclusion Is On Policy

    Coverage For Damages When Theft Exclusion Is On Policy Our office received a burglary claim where unknown person(s) broke into insured's restaurant, damaged merchandise and took cash. They are claiming for the following items: a.  Cash register replacement [(2) registers] b.  Damages to...

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  • Tenant Interest in Improvements and Betterments After Loss

    Tenant Interest in Improvements and Betterments After Loss My client, a tenant, is insured with a BP 00 03 01 06 Businessowners Coverage Form. After a fire, the landlord told the tenant to remove his equipment and then proceeded to demo all the walls, floors and ceilings so that the landlord...

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  • Debris Removal and Coverage Extensions

    Debris Removal and Coverage Extensions This pertains to a California HO3 ISO HO 00 03 10 00 policy that also carriers the Executive Homeowners Coverage Form UN 09 56 04 09. The question involves the application of the Additional Coverage – Debris Removal. The HO3 policy form reads: Additional...

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  • Sporting Goods and Roof Tiles

    Sporting Goods and Roof Tiles On an HO 00 03 10 00, a lady had literally just purchased one of those freestanding basketball goals to put in their driveway and the kids began playing with it for the first time.  She came home to a bunch of damage to the lightweight concrete roof tiles on...

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  • Building Renovation and Vacancy Provision

    Building Renovation and Vacancy Provision Often we see in property extension endorsements coverage for Newly Acquired or Constructed Property. For Buildings, the policy's covered causes of loss prevail for buildings built on the premises or on a newly acquired premises intended for similar use as...

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  • Which Deductible Applies to Wind and Lightning Loss

    Which Deductible Applies to Wind and Lightning Loss Commercial insured has a CP 0010 10 12, Special Cause of Loss form. There is a multiple deductible form with a $10,000 deductible on wind and hail and a $2,500 deductible for all other covered causes of loss. There was a storm in which the...

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