Nearmap’s AI-powered models approved in 27 markets
Insurers can leverage the predictive scores to help price risk.
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Question: A policyholder has an ISO HO-3. The carrier has utilized the defined phrase of “property damage” in determining coverage for a homeowners claim made under Section I of the policy. I have reviewed Section I of the policy and cannot locate the defined phrase of “property damage”. The phrase “property damage” only exists under Section II. Section I only contains the word “damage” not “property damage”. Is it accurate or appropriate for the carrier to cite and rely on the definition of the phrase “property damage” regarding a claim made against Section I when the phrase is only located in Section II?
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