Late Notice Bars Coverage – 5th Cir. Finds Delay in Reporting Hail Claim Unreasonable and Prejudicial
The U.S. Court of Appeals for the Fifth Circuit, applying Texas law, found that a policyholder-owner of four rental buildings breached the prompt-notice provision of his commercial property policies by waiting unreasonably long to present a hail damage claim, prejudicing its property insurer because the damage increased as time passed, relieving the insurer of any obligation under the policy. The... Read More