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Cengage Advantage Books: Law for Business 19th Edition by John Ashcroft,Katherine Ashcroft,Martha Patterson
Edition 19ISBN: 978-1305654921Cengage Advantage Books: Law for Business 19th Edition by John Ashcroft,Katherine Ashcroft,Martha Patterson
Edition 19ISBN: 978-1305654921 Exercise 3
Risk-Bearing Devices
Robert Baker owned several rental properties which he insured with Nationwide Mutual Insurance Company (Nationwide). The policy excluded coverage for property which had been "vacant for more than 60 consecutive days", but defined buildings under construction or renovation as not vacant. After water pipes burst in an unoccupied, multiunit property, Baker decided not only to repair the damage, but perform additional repairs to the property. During this period of making repairs, thieves broke in and stole copper plumbing and fixtures. Baker made a claim on the policy for the stolen copper, but Nationwide denied it because Baker did not make the repairs within 60 days of the theft. Should Baker have been covered? [ Baker v. Nationwide Mutual Insurance Company , 2013 WL 1905334]
Robert Baker owned several rental properties which he insured with Nationwide Mutual Insurance Company (Nationwide). The policy excluded coverage for property which had been "vacant for more than 60 consecutive days", but defined buildings under construction or renovation as not vacant. After water pipes burst in an unoccupied, multiunit property, Baker decided not only to repair the damage, but perform additional repairs to the property. During this period of making repairs, thieves broke in and stole copper plumbing and fixtures. Baker made a claim on the policy for the stolen copper, but Nationwide denied it because Baker did not make the repairs within 60 days of the theft. Should Baker have been covered? [ Baker v. Nationwide Mutual Insurance Company , 2013 WL 1905334]
Explanation
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Property insurance:
In this kind of ins...
Cengage Advantage Books: Law for Business 19th Edition by John Ashcroft,Katherine Ashcroft,Martha Patterson
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