A Legal Guide to Recovering for Flood Losses - Douglas Scott MacGrego

A Legal Guide to Recovering for Flood Losses Douglas Scott MacGregor ISBN 9781639052578

A Legal Guide to Recovering for Flood Losses is a pioneering resource offering comprehensive strategies for pursuing recovery from flood-related damages. It provides detailed analysis of property insurance exclusions, potential remedies, and alternative avenues for compensation. The guide is organized into four key sections:

• Section One: Examines the components of the standard water/flood exclusion in property insurance policies, followed by a review of specific clauses that may provide limited flood coverage.

• Section Two: Focuses on coverage under private flood insurance—both primary and excess—as well as the Federal Emergency Management Agency’s (FEMA) Standard Flood Insurance Policy (SFIP). This section provides an in-depth discussion of proof-of-loss requirements, highlighting that deficient or untimely proofs of loss are the most common reasons for denied claims.

• Section Three: Explores recovery under alternative insurance coverages, including business interruption, builder’s risk, equipment breakdown, commercial general liability, Directors & Officers, and automobile policies. Each policy type is analyzed for its general coverage provisions, with attention to specific language that may include or exclude flood losses.

• Section Four: Addresses recovery from third-party tortfeasors, such as insurance agents and brokers, landlords and tenants, government entities, and businesses—including meteorologists—that provide inaccurate flood information or fail to warn of known flood risks.

This guide equips attorneys, adjusters, and policyholders with the knowledge to navigate complex flood-loss claims, identify all potential avenues for recovery, and maximize compensation in a challenging and evolving area of law.

A Legal Guide to Recovering for Flood Losses Douglas Scott MacGregor ISBN 9781639052578, 978-1639052578 & 9781639052585

Author
Douglas Scott MacGregor