Making a Mountain Out of a Mole Hill: Damage Escalation Strategies in Property Claims

Designed for senior-level coverage professionals and executives, this month-long series, developed by Wilson Elser attorneys will explore the complexities in coverage that pose the greatest challenges to insurers today and in the near future. Each week, experienced attorneys will address a new topic. Join one or all master classes for valuable insights from Wilson Elser’s thought leaders.

Tuesday, May 27, 1–2 pm ET
Making a Mountain Out of a Mole Hill: Damage Escalation Strategies in Property Claims
Jennifer Martin, Lisa Wilson

In this presentation on first-party property damages issues, the presenters will explore techniques plaintiffs use to inflate the contractual damages beyond what the policy contemplates. The discussion will focus on replacement cost value and actual cost value provisions that insureds try to avoid when they are “underpaid.” Jennifer and Lisa also will discuss the use of the prevention doctrine and some strategies to address its use.