Insurance Recovery Forfeited by Failure to Report Damages Before Undertaking Repairs
CGL,Insurance - Reporting Requirements,Insurance - Settlement Authorization,Insurance Coverage Disputes
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Where a developer performed repairs to correct water intrusion before reporting to its Commercial General Liability (CGL) insurer, a court held it had lost its right to demand that its insurance carrier indemnify it for the cost of repairs. The developer investigated the problems and spent $1.24 million in performing repairs – thereby avoiding any [...]
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