September 2011 Intro Page

Dec Page

The article of the month highlights home business coverage. ISO has developed an endorsement, HO 07 01 05 11, that is used to insure a home business. With many people opening and running a business from their own homes today, and with many people telecommuting at least one day per work week, this endorsement can be attached to a homeowners policy in order to provide property coverage for insureds.

The court cases presented this month deal with various insurance subjects. The court of appeals in Michigan discusses the meaning of occurrence in relation to faulty workmanship. The United States Court of Appeals, First Circuit, considered the question of which of two commercial general liability policies should be found to be primary coverage for a claim arising from an accident at a construction site; the other insurance clauses of the policies had to be examined and analyzed by the court in order for the question to be answered. The owned property exclusion in a commercial umbrella liability policy was examined by the appeals court in New York to determine if the insurer was obligated to defend and indemnify against underlying claims against the insured arising from the collapse of a retaining wall on the insured's property.

The Dec Page also offers information on recent state laws pertaining to insurance issues.

Questions and Answers

Is a circuit that didn't trip and causes damage wear and tear or a power failure? See Power Failure or Wear and Tear. Equipment falls into waste area. Is liquid waste considered an object? See Liquid Objects. Intentional acts often lead to results that weren't intended. How does this affect coverage? See Intentional Acts and Unintentional Results.

What is needed in order for something to be considered an occurrence? See Occurrence Requires an Accident. Wedding season brings up questions of certificates of insurance for homeowners renting reception sites. See Certificates of Insurance and Insureds. Worn roofs get damaged as do new roofs. When damaged, does an old roof get replaced at replacement cost? See Total Replacement of Worn Roof.

Special State Homeowners Provisions

The Special State Homeowners Provisions article provides information on a state-by-state basis on special provisions that affect homeowners policies. These special provisions reflect state laws regarding such things as coverages, conditions, and cancellation requirements in homeowners policies. The states are listed alphabetically, with the current special provisions form number and edition indicated. See Special Provisions – Variations by State.

ISO Homeowners Section II Conditions

The Insurance Services Office has revised the homeowners forms as of May 2011. This article discusses changes made to the section II conditions section of those forms. See ISO Homeowners Section II Conditions.

Homeowners Section II Exclusions

The Insurance Services Office has revised the homeowners forms as of May 2011. This article discusses changes made to the homeowners section II exclusions section of those forms. See Homeowners Section II Exclusions.

NFIP Residential Condominium Building Association Policy

The NFIP has updated parts of the Residential Condominium Building Association Policy. This article discusses those changes. See NFIP Residential Condominium Building Association Policy.

 

This premium content is locked for FC&S Coverage Interpretation Subscribers

Enjoy unlimited access to the trusted solution for successful interpretation and analyses of complex insurance policies.

  • Quality content from industry experts with over 60 years insurance experience, combined
  • Customizable alerts of changes in relevant policies and trends
  • Search and navigate Q&As to find answers to your specific questions
  • Filter by article, discussion, analysis and more to find the exact information you’re looking for
  • Continually updated to bring you the latest reports, trending topics, and coverage analysis