Automatic Coverage for Newly Acquired Property

June 1, 2010

Our insured is a bank and the coverage is under a standard CGL form. During the term of the policy they acquire, through foreclosure, a property but do not notify the CGL carrier. Is there coverage automatically for bodily injury? I can find nothing that limits coverage to listed locations or to hazards disclosed on the policy. What is your opinion?

This premium content is locked for FC&S Coverage Interpretation Subscribers

Enjoy unlimited access to the trusted solution for successful interpretation and analyses of complex insurance policies.

  • Quality content from industry experts with over 60 years insurance experience, combined
  • Customizable alerts of changes in relevant policies and trends
  • Search and navigate Q&As to find answers to your specific questions
  • Filter by article, discussion, analysis and more to find the exact information you’re looking for
  • Continually updated to bring you the latest reports, trending topics, and coverage analysis