• 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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  • 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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  • 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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