Virtual University

How to Insure a Truck-Mounted Drill Rig

A commercial insured needs to coordinate between a business auto policy and an inland marine policy to cover a a water well drill rig permanently mounted on a Peterbilt truck.

ACV or RC for CGL Property Damage Claims?

A contractor with an ISO commercial general liability policy experienced a property damage claim. The carrier says it owes the actual cash value (ACV) for repairs but the agent believes the carrier owes the full cost to repair.

Roof Claim Costs Increased 30% from 2022 to 2024

Roof repair and replacement cost value totaled nearly $31 billion in 2024, according to a report from Verisk.

Row of modern roofs on two seperate houses one white and blue with orange roof tiles and double gable with visible chimney. In blue sky background with no clouds in midday sun in neighborhood.