Related: Here's why fighting crime causes uninsured property damage
In this property damage
loss transfer arbitration, Geico contended that the amounts sought by Nationwide exceeded Geico's policy limits.
Main Street and Interstate 495, motor vehicle accident with property damage
If you have economic loss or property damage
because of the Deepwater Horizon oil spill, you could get money from a class action settlement with BP Exploration & Production Inc.
Even if the hurricane is only a Category 1 storm, it could cause area residents total property damage
of over $2.
Alienated premises exclusion--An exclusion applying to property damage
to premises that the named insured sells, gives away, or abandons.
The firm reported an income of USD12m related to claims under its property damage
and business interruption insurance policies, including USD6m from the company's business interruption policy and USD5.
resulting from the state's construction project was compensable only to the extent it was foreseeable by the state, according to the Supreme Court of Ohio.
Thus, crashes lead to property damage
, injury and possibly death, but near-crashes do not, even though they have similar properties.
These exclusions come into play when an insured performs work on a customers property and that work is then judged to be faulty, causing the customer to make a claim for property damage
against the insured.
Crime-related property damage
has negatively impacted the maintenance and repair budgets of many property management companies.
CBI coverage may be available as an additional source of recovery for businesses directly impacted by a hurricane, or it may be available as a primary source of recovery for businesses fortunate enough to avoid direct impact but suffer financial loss anyway due to property damage
incurred by others.