Clearly the rains have set in and the negative effects on business operations cannot be underestimated. Regardless of whatever preventive measures that might be put in place, some businesses may still suffer a setback as their operations come to a halt temporarily due to flooding or fire affecting their business premises thus denying their customers access to their services, etc.
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Mar.15.2021
Courts Dismiss COVID-19 Business Interruption Claims
On March 8, 2021, the district court for the Southern District of California granted Travelers Property Casualty Company of America’s motion to dismiss a flower importer and distributor’s COVID-19 extra expense claim. The court found that the policy’s Acts or Decisions Exclusion which “bars coverage for property damage, loss, and expense that is caused by or results from any decision, act or failure to act or decide, by…any ‘governmental body,’” unambiguously excluded coverage.
See Order at 13. Because Travelers based its denial of coverage on the applicable exclusion, the court similarly dismissed the plaintiff’s breach of implied covenant of good faith and fair dealing claim.
A premium and customisable option
Receive up to $60 in e-vouchers when you sign up for a new Sompo HomeBliss policy. Valid till Dec 24, 2020. T&Cs apply.
HL Assurance Home Protect360
1. AXA SmartHome Essential: High value coverage for reasonable costs
AXA’s SmartHome insurance is ideal if you are looking for a high value coverage for a reasonable price. While there are different options depending on whether you are an owner-occupier, landlord, or tenant, this general rating still applies.
For instance, building/renovation coverage can reach as high as $500,000 for HDB owners and $1.5 million for land property. You can also cover your home’s contents of up to $135,000 including up to $10,000 for artworks! This also applies for tenants.