If your car is stolen and not recovered for months or longer, your auto policy likely pays for the ACV of your vehicle. However, if the thief commits a crime and your auto is confiscated for the months or longer required to try the case, your loss is excluded. Property policies have similar “government action” exclusions. Is it time for a change?
Insurance Insights | Massachusetts
From Commissioner To Coverys: Incoming CEO Joseph Murphy On His New Role, New Challenges, And Optimism For the Future
On April 1, 2021 former Massachusetts Commissioner of Insurance, Joseph Murphy, takes the helm as the new CEO & President of Coverys.
How Agents Can Ensure Home Improvement Projects Are Reflected Properly Within Their Clients’ Homeowners Policies
An InsurOp-Ed reminding agents that unbeknownst to many insureds, home renovations often warrant an update to their homeowners’ policies.
A Q&A With Andrew Drayer: Salem Five Insurance’s New Senior VP For Agency Acquisitions And Strategic Growth
An in-depth interview with Salem Five’s newest SVP about his plans for strategic growth.
InsurOp-Ed: What Does “Direct Physical Loss Of Or Damage To Property” Mean?
Recently, I’ve read a bunch of articles touting a North Carolina pro-policyholder COVID-19 decision that, among other similar erroneous conclusions, opined that “loss of” can also mean “loss of use of.” The premise is that, under the insurer’s business income form language, “loss of” property can also mean the inability to use the property even […]
