“Residence Premises” and Other Killer Exclusions, Part One
A few years ago, an order denying a summary judgment led to a spike in questions about the residency requirements found in the vast majority of standard homeowners forms. [1] Those questions all centered on a particular piece of policy language which acts as a killer exclusion causing a hidden insurance coverage gap – one […]
Why Do We Allow Arbitrary Deadlines to Repair or Replace? New Mexico Puts an End to the Practice
The New Mexico Superintendent of Insurance issued Insurance Bulletin 2024-003 to property insurance companies which highlighted the following: THIS BULLETIN reminds insurers that all repairs or replacement of residential property must be covered at the cost to repair or replace, without deduction for depreciation. … Section 59A-18-17(C) NMSA 1978 does not authorize an insurer to […]
Landlord Law Newsround #328 » The Landlord Law Blog
Landlord Law Newsround is here again so let’s see what we have spotted in the housing news this week. Shocking rise in fake tenancies applications Homelet, a referencing agency has carried out recent research that fraudulent tenancy applications have quadrupled in the last two years with a surge of fake tenancies applications of a staggering […]
Real Estate & Construction News Roundup (2/21/24) – Fed Chair Predicts More Small Bank Closures, Shopping Center Vacancies Hit 15-year Low, and Proptech Sees Mixed Results
In our latest roundup, office occupancy rates hit all-time lows, global hotel investment to exceed numbers from 2023, federal courts look into real estate commissions, and more! Federal Reserve chair Jerome Powell is predicting that more small banks will likely close or merge due to commercial real estate weaknesses. (David Hollerith, Yahoo) An industry-shaking lawsuit […]
Electrical Arcing Versus Fire Damage Claims—What is Covered and Why Equipment Breakdown Coverage Should Be Sold With Every Commercial Policy
Merlin Law Group attorneys Ashley Harris and Iris Kuhn Insurance companies tend to limit the loss of electrical arcing to the electrical components and hire experts to say that a fire did not occur to limit coverage. Many business policyholders and public adjusters may not be aware of the following clause found in the vast […]
Tired of Boring Ethical Education Classes? Do the Ethical Rules For Public Adjusters State That a Public Adjuster Is an Advocate For the Insured? Can Public Adjusters Advertise That They Are Advocates?
Why are ethics classes so boring? The answer is that we read PowerPoint presentations that copy the boring ethical rules. Death by PowerPoint. Get the credit and move on. What a waste of time and your life. Chip Merlin and FAPIA Managing Director Nancy Dominguez Want to come to something different? Join me this Friday […]
Can this tenant cancel his tenancy due to neighbour noise ? » The Landlord Law Blog
This is a question to the blog clinic from Dmitrii, who is a tenant in England. I live in a private rental flat with the lease ending in six months. My upstairs neighbour who owns her flat has not installed carpets on her floors, which is a breach of her lease, and the noise travels […]