When a business faces property damage, filing a claim with its insurer is often the first step to recovering losses. However, there are instances when insurers may deny such claims, leaving business owners puzzled and frustrated. Understanding the circumstances under...
Insurance Law
A guide to good faith in insurance
Insurance offers protection against all sorts of events. It requires contracts to ensure the insurer and the insured have certain rights and obligations. The term "good faith" often accompanies conversations about insurance coverage. Understanding this concept is key...
Why renters need insurance
Renting a home comes with its own set of responsibilities and risks. While many renters might think that insurance is only necessary for homeowners who have an entire building to protect, rental coverage can be just as important. Insuring your rental provides a wide...
Can the insurance company rescind my policy?
When you purchase an insurance policy, you expect security and peace of mind. However, there are instances where the insurance company may decide to rescind your policy. Policy rescission is a formal revocation or cancellation of your insurance coverage. Understanding...
Can a hotel use insurance to cover the costs of vandalism?
Vandalism can be a significant headache for any business, including hotels. When property damage occurs due to vandalism, it can lead to unexpected expenses and disruptions to operations. One question that often arises in such situations is whether a hotel can rely on...
How can insurance help an IT company that lost data in a fire?
In the fast-paced world of technology, data is the lifeblood of an IT company. Losing valuable data due to unforeseen disasters, such as a fire, can be catastrophic. Having comprehensive insurance in place can be the lifeline that helps the company resume operations...
How severe does wind damage have to be for insurance to kick in?
When powerful winds strike, the damage can be severe for homeowners and business owners. Assessing the damage and navigating the insurance claims process can be daunting tasks. If you sustain property damage due to high winds, you might understandably wonder if your...
How insurance in California has changed
Climate disasters and regulatory changes have caused upheaval in California's insurance industry. As a result, residents are experiencing a myriad of challenges when it comes to insurance. Several issues are leaving Californians feeling less protected and less...
Lessons learned from Go Maps and Topa settlement
In recent news, the California Department of Insurance settled cases with Go Maps and their underwriter, Topa Insurance Company. Go Maps is an "insurtech" company that utilized an app-based platform to sell and manage insurance through Topa. These apps make it easier...
Why home insurance prices are rising in California
Recently four of California's largest insurers curtailed new home insurance applications, sending shockwaves through the state. As of late 2022, some companies ceased accepting applications, while while others reduced policy-writing efforts or are working to implement...