• Insurance Coverage Q&A: Impaired Airflow from Duct Line

    Insurance Coverage Q&A: Impaired Airflow from Duct Line I have a client on a Building and Business Personal Property policy (CP 00 10) and Special Form Cause of Loss (CP 10 30). There is a flex duct line laid in the attic. The duct has not been putting out good airflow for 3-4 years. During a...

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  • Insurance Coverage Q&A: Does GoFundMe Account Offset Business Income Loss?

    Insurance Coverage Q&A: Does GoFundMe Account Offset Business Income Loss? We have a client (a workout gym) that had a fire January 1. Friends and customers started a GoFundMe which raised $30,000 in January. Insured was able to relocate down the street in temporary space. Relocation and...

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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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  • Credit Card Loss - Voluntary Parting

    Credit Card Loss - Voluntary Parting We insured a sports apparel store and someone came in to buy sneakers and used a credit card to buy them. Days later the credit card company would not deposit the funds to the merchant as they used a fraudulent credit card. Is this considered theft under the...

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  • Liability for Rented Office Exposure of Flight School

    Liability for Rented Office Exposure of Flight School Our consumer is the owner of a flight school that is located at a local airport. He rents a small office in the terminal that requires office liability insurance. The previous tenant gave him the name and number of a company that covered him...

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  • Condo Owner Injured in a Slip and Fall, Is He An “Insured”?

    Condo Owner Injured in a Slip and Fall, Is He An “Insured”? We insure a Condo Trust under a BOP. A condo unit owner was injured in a slip & fall in the condo parking lot. The BOP policy excludes Medical Expense coverage for “any insured”. A Condo Association Coverage Charges...

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  • Newly Acquired Buildings Coverage and Tenants

    Newly Acquired Buildings Coverage and Tenants Our client has a Businessowners policy and used to be the tenant in the building with option to purchase the building. The last payment was made on December 6, 2015, and the warranty deed transferred on December 23, 2015. The insured did not notify...

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  • Is Condo Association or Unit-Owners Policy Primary?

    Is Condo Association or Unit-Owners Policy Primary? On Businessowners form BP 00 03 01  01 10, a condominium association filed claim when a unit, which was rented out, was damaged when the tenant shot and killed his wife. The tenant's carrier denied the claim. The unit owner and condo...

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  • Protective Safeguards and Nonrelated Causes of Loss

    Protective Safeguards and Nonrelated Causes of Loss We are working on a commercial claim insured under a BP 00 03 with a protective safeguards endorsement, BP 04 30. The endorsement and dec page are clear, and there are no questions about that per se, but the question is whether a failure to...

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  • BOP Liability Coverage

    BOP Liability Coverage Would liability arising out of the rental/use of a storage unit by an insured at a location that is not listed as a described premises be covered under the ISO BOP 00 03 form? Indiana Subscriber The liability coverage under the BOP is for general liability so unless there...

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