Blogs
Beyond Policy Limits: Recovering Loss of Rent for an Insurance Carrier’s Breach of Contract
It is not uncommon, especially during hurricane season, for a property to suffer damage and be taken off the short-term market while the insurance company and property owner work together to repair or replace the property. What happens, though, when the insurance company wrongfully denies or unnecessarily delays coverage and keeps the property off the short-term market for longer than necessary?