Month: June 2016

Does Your Insurance Policy Have A Non-Cumulation Clause? | Property Insurance Coverage Law Blog

Today I was reading about a Summary Judgment Motion filed by Liberty Mutual in the case of Liberty Mutual Insurance Company v. The Fairbanks Company, in the Southern District of New York.1 The motion seeks to limit Fairbanks’ ability to recoup under their policy for asbestos claims spanning years. This limitation is based on language …

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When Does Business Personal Property Become Personal Property? | Property Insurance Coverage Law Blog

Although they typically insure personal property owned or used by insureds while it is anywhere in the world, most homeowner insurance policies contain a special limitation of liability for “business” personal property. For example, under the 2011 edition of the ISO Homeowners 3-Special Form, property on the residence premises used primarily for business purposes is …

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