• Earthquakes and Insurance

    Earthquakes and Insurance Summary Mother Nature is a powerful and uncontrollable force. Of all the natural events that occur, earthquakes are among the most destructive. According to the U.S. Geological Survey (USGS), our nation experiences approximately 20,000 earthquakes a year, mostly small....

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  • Does My Business Need Flood Insurance?

    Does My Business Need Flood Insurance? Of all the natural disasters, floods are the most common. Yet many businesses and homeowners do not carry insurance to protect them from this potentially devastating risk. The standard ISO commercial property and businessowners policies do not provide...

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  • Home Sharing

    Home Sharing Summary : While ride sharing and car sharing have gotten lots of media attention, home sharing is another sharing system. People rent rooms or homes for short periods of time or exchange their homes for someone else's for a given time. Similar to ride and car sharing, there are...

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  • Home Sharing

    Home Sharing Summary : While ride sharing and car sharing have gotten lots of media attention, home sharing is another sharing system. People rent rooms or homes for short periods of time or exchange their homes for someone else's for a given time. Similar to ride and car sharing, there are...

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  • Insurance, Ebola, and Viruses

    Insurance, Ebola, and Viruses In 2012 H1N1 was the medical issue taking the world by storm; people feared a pandemic and what that would do to the economy and society as a whole. This year the feared disease is Ebola; harder to spread, but much more deadly once contracted. As of October tenth,...

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  • Earth Movement Exclusion

    Earth Movement Exclusion Opposing Views: Any Movement versus Natural and Catastrophic Summary: Property policies generally exclude earth movement as a cause of loss. What constitutes earth movement for purposes of the exclusion? There are two views that have been developed in the courts: (1)...

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  • Standard Mortgage Clause

    Standard Mortgage Clause A General Discussion Summary: A standard mortgage clause is commonly incorporated into property policies covering both personal and commercial buildings. The clause protects the interests of the holder of the mortgage (the lender) and controls the disposition of...

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  • Ordinance or Law Issues

    Ordinance or Law Issues Building Codes, Insurance Policy Exclusionary Language, and Coverage Endorsements By Diane Richardson, CPCU FC&S Legal editors acknowledge the contribution of Donald L. Schmidt, ARM, CEO of Preparedness, LLC, a Sharon, Massachusetts, firm that provides consulting services...

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  • Arson - Recovery by Innocent Coinsureds

    Arson - Recovery by Innocent Coinsureds Review of Policy Provisions and Court Decisions March 2004 Summary: Public policy against allowing a wrong-doer to profit from his own wrongful act precludes an insured from recovering insurance proceeds under a property policy for an act of arson committed...

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  • Vandalism as Cause of Loss - ARCHIVED

    Vandalism as Cause of Loss - ARCHIVED Written as Extended Coverage Summary : Although a separate and distinct element of coverage, vandalism (meaning willful or malicious damage to or defacement or destruction of described property) insurance always is written, under standard forms, in...

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