Chubb Insurance Sued Over Sandy Condo Damage In NJ
The aftereffects of Superstorm Sandy continue to blow through New Jersey’s courthouses, with a Fort Lee, New Jersey, condominium association now accusing Chubb Insurance Co. of New Jersey of failing to properly compensate it for heavy damage from the hurricane. Buckingham Towers Condominium Association I Inc. filed suit against Chubb in Bergen County Superior Court on the storm’s three-year anniversary on Oct. 29, contending that the insurer has failed to live up to the terms of an all-risk policy with a property coverage limit of more… (requires subscription) Read………….
Property insurance, by definition, is a guarantee of compensation for a specific loss or damage to physical property or equipment.
Homeowner associations of hotel condominiums have filed suit against developers and hotel management companies for illegal tying violations under the
In 2002, the California State Legislature passed Senate Bill 800 also known as the Right to Repair Act (Civil Code