Sure, I haven’t been blogging lately, but nothing gets the ol’ creative juices flowing like a “gotcha” denied claim. Today’s example in 151 Reasons Why People Hate Insurance Companies comes to us from a trial court in Manhattan. The man owned a home. He lived in the home. He insured the home. His insurance covered fire damage. He had a fire. He didn’t have insurance.
Just a bit of background and refresher: If you have read this blog for any length of time, you have probably read my discussions of the “where you reside” issue with Homeowners insurance. In a nutshell, some carriers have taken the position that, when a homeowner moves out of the home with no intention to return, all coverage on the dwelling, other structures, loss of use, liability and medical payments vanishes. This is the problem that ISO’s new “residence premises” endorsements (not available yet in New York) are designed to address.