Why is a mortgage contingency recommended when buying a home?

Thinking back to a time in the early-mid 2000s credit was EASY to obtain, cash was flying around  and it was common for homebuyers to skip mortgage contingencies. The crash of 2008 famously led to a flurry of lawsuits during the economic downturn, when buyers found they could no longer finance apartments they’d signed contracts to … Continued

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property damage, insurance, damage, renters, insurance, lawyer, legal, advice, long islland

THREE YEAR OLD SCREAMS THE NEED FOR PROPERTY INSURANCE

We’re not just lawyers, we’re parents too. We love our kids they are very cute, but they are little vehicles of destruction. When you add four boys to the mix, the odds of sudden and “accidental” catastrophe is virtually guaranteed increasing the need for protection with property insurance! So when my 3-year old, with his big … Continued

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insurance claims, coverage, long island, lawyers, property, damage, NYC,

Wong v. CO

  Following a frozen pipe and significant property damages, the homeowner’s insurance company denied the insured’s claim alleging a failure to maintain heat at the premises. Furthermore, the insurance company further alleged that the premises was not “occupied” at the time of the loss. Utilizing certain ambiguities in the insurance policy, relevant and novel case … Continued

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Zigel v. US Underwriters Insurance

Insurance Company denied a claim arising from burglars entering a commercial property, breaking the walls and stealing copper piping from the walls. The burglars caused significant damage as a result of the breaking of the walls. Insurance company’s denial alleged that the destruction of the walls was the result of theft as such was not … Continued

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Kwon v. Tower

Following a severe windstorm, the roof of the insured’s commercial building sustained property damage which resulted in water damage to the interior. The insured’s claim was denied based upon no alleged evidence of windstorm damage. After being retained, Greenblatt Agulnick, successfully reopened the claim and through the use of photographic evidence and expert reports settled … Continued

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