Analysis brought to you by the expertsat FC&S Online, the unquestioned authority oninsurance coverage interpretation and analysis for the P&Cindustry. To find out more — or to have YOUR coverage questionanswered — visit the National Underwriter website, orcontact the editors viaTwitter: @FCSbulletins.
Question: The insured's policy is theHomeowners 3 — Special Form HO 03 10/00. The insured hasa wind lossclaim to roof of June 23, and the living room ceilinglater collapsed on June 26. The policyholder attributes thecollapse to the wind loss, but our engineer says it resulted fromthe expansion and contraction of the roof system, which weakenedthe integrity of the nails holding drywall in place.
We believe this to be two separate losses and have appliedtwo separate deductibles. The insured continues to believe it isall one loss and that only one deductible should apply. Inreviewing the policy language, the only policy language we see isas follows:
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
