KNOCKOUT PUNCH An attack victim files a claim against his attacker’s parents’ homeowners policy By Bruce D. Hicks, CPCU, CLU The Court Decisions column is a popular part of Rough Notes magazine. One reason for this is that the court room is where the promises made in an insurance contract often become real. All insurance professionals can develop “what if” scenarios, but until those scenarios are tested with an
Coverage Concerns
INTENTIONAL ACTS; INTENTIONAL INJURIES When and how they differ makes a big, well, difference Confusion over coverage for intentional acts often leads insureds to walk away from liability coverage they are entitled to … . By Joseph S. Harrington, CPCU There’s really no such thing as an “intentional acts exclusion” in a liability insurance policy. Yet the term keeps cropping up in casual discussions of insurance, and even occasionally in
AVOIDING POLICY LANGUAGE ASSUMPTIONS Exercise caution whenever coverage questions get into the weeds By Marc McNulty, CIC, CRM Anyone who is new to the insurance industry will typically have several hurdles to overcome, followed by several sighs of relief afterward. This includes learning the basics of insurance, passing the needed licensing exam, learning the coverages and policy forms that are specific to the carriers you represent (which often differ
WHEN THE LEGAL LIABILITY COVERAGE FORM IS THE SOLUTION The dilemma of leased building versus leased space By Paul Martin, CPCU When an organization leases a building or space in a building, they have many things to consider regarding loss to that building during the insured’s occupancy. Is the tenant responsible for insuring the building? A lease agreement can create an insurable interest in the non-owned building if the
MINDING THE LANDLORD-TENANT COVERAGE GAP Even as more tenants buy renters’ insurance, there is no common way to cover the risks in an airtight manner [E]ven when landlords and their tenants are both insured under commonly available policies, there is potential for unpleasant surprises. By Joseph S. Harrington, CPCU In most cases, renter’s insurance serves the interests of both insured tenants and their landlords. For a fraction of a monthly
