The COVID-19 pandemic has caused unprecedented disruption to businesses and has seen widespread disquiet for insurers faced with challenges to cover interpretation. The reality is, unless there is specific cover arranged for an event of this nature, it cannot be said that underwriters intended to insure UK Plc. But aside from issues over the construction of cover extensions, there are other both immediate and long term issues for insurers to grapple with as a consequence of COVID-19.
BLM's head of property damage and recovery, John O'Shea discusses the impact of COVID on property claims, addressing policy coverage, un-occupancy and alarm warranties, fraud, property claims inflation, recoveries and more.
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