by Ed Beckmann | Jun 29, 2020 | Insurance Claims, Insurance Claims 101
DOES INSURANCE COVER RIOTS AND LOOTING? The hottest topic in insurance circles is whether property damage from recent riots and looting is covered by insurance. Like coverage of damage arising from COVID-19 business closures, the immediate but unsatisfying answer is...
by Ed Beckmann | May 14, 2020 | Insurance Claims, Insurance Claims 101
BUSINESS LOSS INTERRUPTION COVERAGE COVID-19 Brings to Life Coverage That Is Typically Straightforward For two months the hottest topic in insurance claim circles is whether business loss interruption coverage applies to businesses closed due to COVID-19. Most...
by Ed Beckmann | Apr 16, 2020 | Insurance Claims, Insurance Claims 101
CIVIL AUTHORITY INSURANCE COVERAGE A hot topic is insurance coverage for property closed due to a stay-at-home or safer-at-home order. Every article on this subject I have read concludes that “it depends on how the policy reads”, which is an accurate but unsatisfying...
by Ed Beckmann | Mar 31, 2020 | Insurance Claims, Insurance Claims 101
The Proof of Loss What is a Proof of Loss? A proof of loss is a document an insured property owner signs, under oath and before a notary public, that states the amount of the claim. The document states the amount of money the insured property owner believes the...
by Ed Beckmann | Feb 28, 2020 | Insurance Claims
ASSESSMENT COVERAGE A unit owner’s policy (HO-6) may include coverage of loss assessments by the association. This article is to help you understand if there is coverage in your policy. Triggering Loss Assessment Coverage Assessment coverage is typically triggered by...
by Ed Beckmann | Jan 30, 2020 | Claim Types, Insurance Claims
Unit Owner Coverages If you are a townhome or condominium unit owner that has sustained property damage your insurance policy will include numerous kinds of coverage. These policies are often referred to in the insurance industry as HO-6 policies. The following is an...
