I am handling a case on behalf of an insurance company. Coverage C of their homeowners policy is at issue in this bad faith case whereby the insured seeks 100 percent reimbursement for loss of personal property in the Oakland fire storm of October, 1991.
The policy states that the company's limit of liability for personal property usually situated at an insured's residence, other than the residence premises, is 10 percent of the limit of liability for coverage C. Personal property in a newly acquired principal residence is not subject to this limitation for the 30 days immediately after you begin to move the property there.
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
Already have an account? Sign In Now
For enterprise-wide or corporate access, please contact our Sales Department at 1-800-543-0874 or email [email protected]