Springtown insurance lawyers need to read this Corpus Christi Court of Appeals opinion dealing with late payment on an insurance policy. The case is styled, Schrader v. Texas Farm Bureau Underwriters. The trial court granted summary judgement in favor of Farm Bureau. Schrader alleged in his lawsuit against Farm Bureau…
The United States District Court, N.D. Texas, Dallas Division, Judge Boyle, issued an Order remanding a case in March of 2018. The case is styled, Allied Stone, Inc. v. Acadia Insurance Company, Union Standard Insurance Group, LLC, and James Amato. Acadia insured property owned by Allied. In 2016, Allied claims…
Most insurance lawyers don’t see this type of coverage, but for those who do, here is a little information. Ocean marine insurance insures overseas shipments by vessel or aircraft. Ocean marine coverage can also be provided on a vessel to insure against any loss or destruction to the boat, barge,…
Flood insurance premiums are calculated based upon geographic maps setting forth the boundaries for various flood zones. Because most property insurance policies covering property at fixed locations exclude flooding, flood insurance must be purchased separately. In 1969, Congress created the National Flood Insurance Program to administer the sale of flood…
Insurance lawyers who work in rural areas of Texas will see situations involving crop insurance. Some insurance companies sell property coverage to mitigate against the risk of loss to farm crops caused by environmental perils including drought, flooding, hail or other weather conditions. Crops can be insured under various types…
Insurance for commercial businesses can take many forms. So what about the loss of business income? Because commercial property losses can result in a decrease or loss of business income, many commercial property insurance companies offer business income insurance. An insurer of business income coverage agrees to pay for any…
There are many different types of insurance. Under the category of commercial insurance is an insurance called Builders Risk Insurance. Buildings under construction create unique coverage problems which builders risk insurance attempts to alleviate. Because builders risk insurance forms are designed to cover buildings or structures under construction, they attempt…
Another type of coverage that insurance lawyers see is called, Special Form Coverage. Special Form Coverage is the broadest form commercial coverage. The special form provides “all risk” insurance which covers any accidental cause of loss unless specifically excluded by the policy. The special form contains the following exclusions, which…
When an insurance attorney gets a new client on an insurance related claim, one of the first things he wants, is a copy of the policy to read. And when he reads the policy, he wants to know what the exclusions are that are in the policy. The basic form…
Lawyers who handle commercial insurance claims can tell you that the most common type of commercial property insurance is the Building & Personal Property Coverage Form. The Building & Personal Property (BPP) coverage form is the most commonly used policy to insure commercial buildings and contents. Covered perils for the…