Discusses how to define an occurrence in the commercial property policy and how to apply the deductible when there are multiples of loss.
April 30, 2023 at 03:34 AM
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Summary: This is part 2 of a set of articles on What Is An Occurrence. The first article discussed an occurrence as it is found in the ISO General Liability Coverage Form. This article looks at an occurrence with respect to the ISO commercial property and crime forms.
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When an association policy is nonrenewed and the new policy is substantially more so that unit owners are assessed for the increase in premium, can they file a claim under their loss assessment coverage for the increase?