loader

Multiple Causes of Loss

May 05, 2014

Article Archives

Multiple Causes of Loss Multiple Causes of Loss

Occasionally, multiple situations could cause the loss of an insured property. It may become necessary to do a little work to determine which policy will pay out the claim. 

Determining the Cause of Loss

If there are multiple causes of loss for an item but only one of these causes is actually covered by insurance, it's likely the claim will be disputed.This could occur if a homeowner's property was damaged by a fire that occurred during an earthquake and the homeowner was covered against fire but not an earthquake. It would be difficult to determine whether the item could actually be claimed.

If two situations occur at the same time, and one situation is not covered, there may be significant issues as well. This is also true if the situation that is covered occurs after the situation that is not covered. Of course, these issues could be resolved by having insurance coverage that covers both of the events that occur--and this is often the safest route.

For more information about your insurance coverage and needs contact Cook, Disharoon & Greathouse serving Oakland, California.

Can't Miss Insurance for Your College Student Can't Miss Insurance for Your College Student
Can't Miss Insurance for Your College Student
Insurance for Airbnb Hosts Insurance for Airbnb Hosts
Insurance for Airbnb Hosts
Join Us at Pedalfest 2018! Join Us at Pedalfest 2018!
Join Us at Pedalfest 2018!
Tips for Minimizing Your Home's Wildfire Risk Tips for Minimizing Your Home's Wildfire Risk
Tips for Minimizing Your Home's Wildfire Risk
Insuring Your Business's Outdoor Areas Insuring Your Business's Outdoor Areas
Insuring Your Business's Outdoor Areas