Attorneys in Parker County and elsewhere need to have an understanding of the issues coming up surrounding the effective date of a life insurance policy. A 1980, Texas Supreme Court opinion gives some guidance on this issue. The style of the case is Life Insurance Company of the Southwest v.…
Weatherford attorneys may run across a situation in a recent Waco Court of Appeals opinion. Here is what it tells us. The dispute in this case centers on who is entitled to insurance proceeds associated with a house that burned down. Taylor claims that she is entitled to the proceeds…
Grand Praire insurance law lawyers need to understand some of the definitions and interpretations of coverages in an auto insurance policy. So, what are some of the basic exclusions to collision and comprehensive coverage? To start, most policy’s exclude loss due to “wear and tear.” An insurance policy is not…
Fort Worth insurance lawyers need to read this opinion issued by the United States Court of Appeals for the Fifth Circuit issued on February 2013. The style of the case is, Canal Indemnity Company v. Rapid Logistics, Incorporated. Here is some relevant information: This is an appeal from a declaratory…
Dallas insurance attorneys need to know the difference between “replacement cost” and “actual cash value” in an insurance policy. The 1998, Austin Court of Appeals opinion in the case styled, “Great Texas County Mutual Insurance Co. v. Lewis” lends some insight into the differences. Here is some relevant information: The…
Dallas insurance lawyers have to understand how the courts look at “all risk” insurance policies. Property insurance may be issued on either: A. An “all risk” basis, meaning that all risks of physical loss are covered except for excluded perils; or B. A “named peril” basis, meaning that physical loss…
Grand Prairie insurance lawyers and those in Irving, Arlington, Mansfield, and other places in the DFW area to know this case. The case is styled, Jones v. Texas Pacific Indemnity Company. It is a 1993, Dallas Court of Appeals opinion. Here is some relevant information: This is a summary judgment…
Weatherford insurance attorneys need to understand the idea of “insurable interest” as it relates to property insurance claims. A person or entity must have an insurable interest in the insured property to recover under an insurance policy. This was clearly stated in the 1993, Dallas Court of Appeals case, Jones…
Fort Worth insurance lawyers need to understand the different types of property insurance to be able to properly advise clients. As stated by a 1972, Dallas Court of Appeals case, property insurance involves the indemnification of the insured by the insurance company for the loss of, or damage to, identifiable…
Weatherford attorneys and those in Willow Park, Hudson Oaks, Aledo, Springtown, Milsap, Brock and other places in Parker County need to be able to understand a declarations page in an insurance policy. Some policies, especially first-party policies, contain a contractual time limit on claims. The policy must be read carefully…