Insurance cover for damage to the environment

Article Abstract:

The UK insurance industry currently includes cover for sudden and unexpected environmental damage in its general liability policies, despite the fact that meeting such claims can be extremely expensive. However, if UK insurers follow the example of their US counterparts and remove cover for sudden and accidental pollution, the property industry would be inadequately protected. The alternative solutions facing the UK insurance market are discussed, including specialist policy options.

Commercial Property & Liability Insur, Insurance industry, Environmental policy, Business insurance, Pollution liability insurance

---

Take cover

Article Abstract:

Failure to provide adequate insurance for commercial property can be dangerous and costly, particularly for landlords, tenants, mortgagees and buyers. It should be emphasized that an insurance policy is an indemnity contract obliging the insurer to pay a sum equal to, and not more than, the amount of the insured's loss. The consequences of underinsurance are discussed.

Property & Liability Insurance, Surety insurance, Economic aspects, Real estate, Property and casualty insurance, Real property, Insurance, Underinsurance

---

Who is entitled to the benefit of MIG policies?

Article Abstract:

The confusion surrounding mortgage indemnity guarantee (MIG) policy has been cleared up. Borrowers were previously charged a premium for the insurance, and therefore thought they were insured. Now it is called an additional mortgage security fee. Now, many lenders charge a high percentage advance on loans over 75%.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Insurance Regulation, Residential Mortgage Insurance, Laws, regulations and rules, Insurance law, Mortgage insurance

Similar abstracts:

• Abstracts: Inside tips for getting the most from environmental assessment reports. Negotiating workout agreements in anticipation of bankruptcy: casting in muddy waters
• Abstracts: Is a corporate campus right for your business? A message from the president
• Abstracts: Duel over the details. Marylebone can match Mayfair. Interview techniques
• Abstracts: Sum you win sum you lose. Litigation costs: charging through the back door?. Dong Bang Minerva (UK) Ltd v Davina Ltd
• Abstracts: Finally, something good comes from asbestos contamination. Valuing management for real estate investments. Dealing with radon: it's good business

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.