Period of Restoration and Extended Business Interruption Coverage

     The U.S District Court of New Jersey recently issued a decision that is useful in outlining the scope of business interruption coverage with respect to “period of restoration” and extended business income coverage. See Milk Industry Management Corp. v. Travelers Indemnity Co. of America, 337 F. Sup. 3d 423 (D.N.J. 2018). The insured, Milk Industry, …

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Replacement Cost Coverage

What is replacement cost coverage, and do you really have it?  Anyone who owns a home or business should have appropriate and adequate insurance coverage.  Most home and business owners have coverage known as replacement cost coverage.  Replacement cost coverage comes in various assortments such as “Guaranteed” replacement cost coverage, “superior” replacement cost coverage, and …

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Law or Ordinance Coverage

The Connecticut Association of Public Insurance Adjusters, together with a number of legislators and particularly with the assistance of the CAPIA Board and the lobbyists it retained, an “Act Concerning Law or Ordinance Coverage,” otherwise known as Public Act 18-105, was passed and will become effective on July 1, 2019. Public Act 18-105 provides that …

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Differences in Adjusters

Independent Adjusters – Staff Adjusters – Public Adjusters: Who Are They and How Do They Help You When You Have a Loss? When you suffer a property loss to your home or your business, you have an obligation to timely report that loss to your insurance agent and/or your insurance company. Your insurance company has …

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Connecticut’s Uniform Relocation Assistance Act (URAA)

Connecticut’s Uniform Relocation Assistance Act (URAA) Attorneys, Public Adjusters, and Insureds alike have been dealing with municipalities’ efforts to charge property owners for relocation costs.  On March 28, 2018 Attorney Biller presented this topic to the Connecticut Association of Public Insurance Adjusters. The following are highlights of his presentation. Brief Summary The URAA or C.G.S.A. …

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Independent Insurance Adjuster: No Duty to You

 What is an Independent Adjuster? An independent adjuster is a professional who is responsible for evaluating an insurance claim and determining what coverage an insured is entitled to under his or her insurance policy. Frequently, when an insurance claim is made, an insurance company will send an independent adjuster to assess the damage and to …

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