Adjustment Time and Wrongful Denial Considered in Period of Restoration

Originally published by Chip Merlin.

Merlin Law Group attorney Corey Harris asked me, “do you know of a case that stands for the proposition that when estimating the period of restoration, do you consider the amount of time needed for adjustment of the claim?” My quick response was “with any construction project, financing of the project is a time element needed for consideration. If the insurance is supposed to pay for the financing as most insurance companies promise, then it should be a consideration. I think we wrote about this in our property insurance blog.”
We went to this blog, used its research function, and typed in the words “period of restoration.” Seventy-nine posts resulted from this search. The most relevant was, Is the Loss Adjustment Process Factored in a Period of Restoration? Understanding Business Interruption Claims, Part 2. We cited two cases where adjustment time was considered in the period of restoration:

In United Land Investors, Inc. v. Northern Ins. Co.,…

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