• Humidity and Exposed Property

    Humidity and Exposed Property I have a question regarding the temperature/humidity exclusion under form IM 7053 08/12.  I have a claim that involved humidity that entered solenoids that sat at a builders risk project for 6 to 12 months.  Moisture got into the circuits and caused...

    Read Full Article

  • Frost-heave and Coverage

    Frost-heave and Coverage We are a carrier-subscriber with a question involving concurrent causation and proximate cause issues.  Our area has experienced highly unusual weather patterns resulting in record snowfall combined with extended low temperatures.  We have received several...

    Read Full Article

  • Does the Valued Policy Law Apply to All Insurers?

    Does the Valued Policy Law Apply to All Insurers? This question is regarding building fires from the recent wildfires in Sevier County/Gatlinburg, TN. We know that Tennessee is a valued policy state. If a CP 00 10 and CP 103 0 policy is purchased for a rental property through an E&S carrier,...

    Read Full Article

  • Tenant's Policy Coverage When Tenant Dies on the Property

    Tenant's Policy Coverage When Tenant Dies on the Property We have a commercial client who had a tenant die in an apartment. It was several days before the body was discovered. The client has a large deductible that is greater than the cleanup cost. The tenant did have a tenant's policy. Would...

    Read Full Article

  • Actual Cash Value and Depreciation

    Actual Cash Value and Depreciation Actual Cash Value and Depreciation (The following questions from subscribers in Illinois, Indiana, Minnesota, and New York present different aspects of the same subject. Thus, they are being included under the above single caption.) My insured purchased a used...

    Read Full Article