Tag Archives: named peril

American Summit Insurance Company – Limit of Liability for Water Losses

AMERICAN SUMMIT INSURANCE COMPANY – LIMIT OF LIABILITY FOR WATER LOSSES This is the first in a series of posts highlighting specific insurance company’s policies.  The reason we picked this one is because it’s relevant to one of our “water loss” clients at the moment.  Our firm specializes in water losses and fire losses.  One […]

A Cautionary Tale and the “Named Peril” Policy

I drove out to meet with new clients at their home last week and, I have to say, it was a very heartbreaking situation.  They are a very nice senior couple in Litchfield Park, Arizona who had a pipe break suddenly, causing water to flow into every room of their home.  They purchased their homeowners […]