insurable interest News

Seventh Circuit Says Replacement Cost Claim Survives Sale of Property

The Seventh Circuit Court of Appeals recently held that a claim for replacement costs under a property insurance policy survives the insured’s sale of the damaged property. In Edgewood Manor Apartment Homes, LLC v. RSUI Indem. Co., 2013 U.S. App. …

Effects of Commercial Leases on Property Losses

Leases are an integral part of the investigation process when it comes to property claims, but the process can get bogged down if the leases are poorly worded. Trying to decipher ambiguous lease terms that have varying duties to maintain …