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Commercial property

900053-00

Building ordinance coverage
Under the ISO Building and Personal Property Coverage Form and the Ordinance or Law Coverage endorsement, does the Increased Cost of Construction......

900062-00

Post-loss waiver of subrogation
We have a client who is a tenant insured on an ISO Commercial General Liability Policy. The tenant’s lamp started a fire that caused......

900066-00

Waiving your rights
When the ISO Commercial Property Policy speaks of waiving “your rights,” doesn’t it ultimately mean a waiver of the......

900070-00

Debris removal
We need your interpretation of an ISO Commercial Property Insurance form (CP 00 10) with respect to the limits provided for debris removal. We......

900107-00

Burst pipe
We have a claims dispute over a commercial property loss. The building owner submitted a claim for an incident in which a pipe burst underground,......

900108-00

Liberalization clause
If a carrier adopts a change to a commercial property policy that broadens coverage, when does the change affect in-force policies?...

900109-00

Lightning damage
Lightning hit an electric line leading to an air-conditioning unit on the roof of a building. The unit was damaged. The company claims Exclusion......

900110-00

Perishable stock—spoilage coverage endorsement
We have a pet shop insuring its property with the Cause of Loss—Special Form perils. Suppose a power or equipment failure causes $10,000......

900111-00

Functional valuation
At an E&O seminar I attended, the instructor mentioned the “functional replacement cost” endorsement. Could you explain the use of......

900112-00

Medical equipment—inland marine or commercial property form?
My client leases space but owns and operates a large medical-imaging machine, valued at about $900,000, which is installed at his leased premises.......

900113-00

Goods held for delivery
We insure a manufacturer under an ISO Building And Personal Property Coverage Form. The manufacturer invoiced his customer on March 31 for......

900125-00

Liquidated damage agreement; commercial property waiver of subrogation
I just ran into a new term. Could you tell me what a “liquidated damage clause” is? This involves an alarm company contract. The alarm......

900211-00

Glass coverage
The commercial property form now includes building glass coverage. Is there a deductible and a per-pane limitation in the form? How is tenant......

900222-00

Ordinance or law coverage for improvements and betterments
I place coverage for many clients that pay a considerable amount of money to make improvements in the buildings they lease in order to accommodate......

900226-00

Permanent fixture
We recently received a denial on a commercial property claim for wind damage to a gate, which is permanently mounted on an enclosure attached to......

900227-00

Improvements and betterments
Does the definition of “your business personal property” in the ISO CP 00 10 form include coverage for fire damage to the following......

900295-00

Governmental action exclusion
We have had a claim denied where our insured owns a commercial property. The central alarm system alerted the local volunteer fire department to......

900382-00

Scheduled buildings on commercial blanket property policy
Would an insured with a commercial blanket property policy have to list all of their buildings on their insured location?...

900383-00

Water damage from off-premises sewer
A sewer cracked in front of our insured’s building (underground in the street). The town is calling it an abandoned storm sewer. The cracked......

900425-00

Additional coverage to recover tax credit
My commercial client obtains a 20% Federal Rehabilitation Tax Credit in recognition of the cost associated with rehabilitating historic buildings.......

900448-00

Tenant with cannabis business
I have a landlord client who is not in the cannabis business, but his tenant may have an exposure with cannabis products. Given that most policies......