The law does not require physical damage insurance, but lenders do. A damage policy will pay no more than the value of the equipment at the time of the accident. In other words, you won’t get a new ...
Most states require drivers to carry auto insurance, but this requirement usually targets liability insurance. Basic coverage required by law doesn't protect your vehicle against damage. Instead, ...
After my post last month about how to avoid over-insuring your trucking business, Ed asked about “bobtail insurance.” The phrase itself is slang. It is not a legal name for insurance or insurance ...
Beginning in March and continuing on a daily basis, lawsuits have been filed in state and federal courts all over the United States seeking to resolve questions around the availability of insurance ...
December 15, 2022 - In the landmark decisions Bell Atlantic Corp. v. Twombly (550 U.S. 544 (2007)), and Ashcroft v. Iqbal (556 U.S. 662 (2009)), the Supreme Court announced a new standard for ...
The insurance policy phrase "direct physical loss of or damage to" has been prominent in the news the past few years thanks to the spate of business interruption cases stemming from the pandemic, but ...
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