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Yes, you can purchase a "monoline" Commercial General Liability policy for a vacant lot if the building has been burned to the ground. If the building is only partially damaged or a significant amount of debris remains at the site, you may have difficulty finding coverage because the undamaged portion of the building may present a hazard insurers would be reluctant to cover.

2015-07-15 21:46:36
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What is the insurance company responsibility to help you when you have an accident and its not your fault and you only have liability?

A liability insurer has two primary duties to an insured who has been sued: (1) a duty to defend; and (2) a duty to indemnify. The duty to defend means that the insurer is obliged, at its own expense, to hire counsel to defend the insured provided that the allegations of the lawsuit come within the ambit of the coverage of the policy. That is, for example, the liability coverage of a homeowner's policy will not be triggered to defend you if you are sued for an automobile collision. If you have not yet been sued, but a claim has been asserted (such as by a demand letter from the aggrieved party), the liability insurer is obliged to investigate the facts of the claim. Most personal liability policies give the insurer the right to settle claims without the consent of the insured, so it may also make a payment to the claimant. The correlative obligation of the insured is to timely notify the insured of all claims made against him/her/it, forward suit papers, and cooperate with both the insurer and the attorney hired to defend the suit. The cooperation includes meeting with the attorney as needed, responding to requests, attending depositions, attending trial, and other activities. The second main obligation of a liability insurer is to indemnify the insured, meaning, to protect him/her/it from financial loss. This involves paying damages for which the insured may be found legally liable (within policy limits). Again, the insurer usually has the right to settle claims when it deems it in its and the insured's best interests to do so. Indeed, the insurer has a specific duty to settle claims within policy limits when it is possible to do so (that is, when the claimant will accept that amount of money in return for a release of the insured of further liability).

Why do you want to join Insurance sector?

as per my observation this is the sector where we need to work because only 0.2% people of india has been insured as compared to America where 75% of population is insured. Moreever the insurance is not only restricted to life insurance its scene has been change we could have insuranc of health,property,liability..etc..

A liability that has been incurred but has not been recorded in the accounts is known as?

An accrued liability

How much money is The Starry Night insured for?

If it is insured the amount has not been made public.

Has Torah ever been burned by anyone?

Torahs have been burned for centuries.

What if someones insurance refuses to pay for the damage his insured caused?

Listen to the explanation. It can be because the insured did not have the specific coverage to pay for your damage. For example, if the other party had collision coverage only on his/her auto policy, it would not pay for your damages because it covers only damage to his/her car. Liability coverage would be needed to pay for your damages. Another reason might be that the other party, especially if insured under a commercial policy, might have a large self-insured retention. This is similar in nature to a deductible, but applies to the liability coverage. The insurer is not obliged to pay until damages exceed the amount of the retention. Yet another reason is that even if the other party did once have liability coverage, it may have been canceled because the personh did not make the required premium payments. The insured is generally required to timely report the collision to his/her insurer so that the insurer can investigate. If there has been no report, or if the insured otherwise fails to cooperate with his/her insurer, coverage may be denied. Finally, the insurer, after investigation, may conclude that its insured did not cause the damage. If so, you will have to decide whether to sue the other party for damages. If the occurrence was one to which the insurance applies, the insurer will generally defend its insured in the suit and pay those damages which the insured is found to be legally liable.

Who named the Presidential residence The White House?

The White House has not always been white. In the War of 1812, it was set of fire, and it burned. I believe it was the French who did this. Although it didn't get completely destroyed, the exterior of the building was badly burned, and, therefore, the building was discolored. So, they had it painted white, which is how we get the name for the White House.

What is the perfect tense of burn?

Present perfect:I/You/We/They have burned.He/She/It has burned.Present perfect continuous:I/You/We/They have been burning.He/She/It has been burning.Past perfect:Had burned.Past perfect continuous:Had been burning.Future perfect:Will have burned.Future perfect continuous:Will have been burning.

What are the essential feature of insurable risk?

A risk cannot be insured until it meets certain conditions.It means that the risk should not be created by the insured himself. That is,If the goods insured have been set of fire by the insured,the insurance company will not be responsible

Will the parents' liability insurance cover a minor child who has not been added to the policy.?

Liability insurance usually follows the vehicle not the driver. (unless the driver was specificly excluded in this case it cant happen because he's your son). As long as the car was insured and he was given premission to drive it, the insurance will be valid in court * Not necessarily. Insurance coverage varies greatly when it pertains to minors living in the household of the insured. If one is lucky enough for it to apply you may be certain that premiums will significantly increase.

What famous books have been burned?

There have been several famous books that have been burned in protest. The Bible has been burned on several occasions. Other books include the Torah, Fahrenheit 451, Adventures of Huckleberry Finn, and 1984.

What is the David by Michelangelo insured for?

The amount has not been made public.

What is sports insurance?

insurance in sport is just been insured...

Can you use an outlet after it has been burned?


What is a clause in a contract that allows you to escape the legal obligation?

When the parties contract with provisions that specify a condition subsequent, the occurence of the condition cuts off liability for performance on and as to its basis. An example would be a requirement in an insurance contract wherein the insured has a limited time in which to file a claim, and thereafter the insurer need not perform, as the condition subsequent has been satisfied, even if the insured files the claim thereafter.

When were homosexuals burned at the stake?

While there have been gay people burned at the stake, this is not a traditional method of execution in history. Witches were traditionally burned at the stake; not gay people.While there have been gay people burned at the stake, this is not a traditional method of execution in history. Witches were traditionally burned at the stake; not gay people.

How do you tell if a tree has been burned?

You can tell that a tree has been burned because you can tell right away that is black and does not have a lot of trunk and no leaves.

Is the name White House racial?

Obviously not. The building is white and it is a house. It was burned by the British in the war of 1812, subsequently painted white, so has been the White House ever since.

Where is Hitler's uniform today?

It has been burned.

How long does a burned tongue last?

That depends upon how severely the tongue has been burned, but in my experience, if I have burned my tongue I recover within a day at the most.

Can burned bread cause cancer?

Burned bread has not been known to cause cancer. There have been no studies supporting this seemingly bizarre medical claim.

You are starting a carpet business and need to know if you need to get bonded and insured?

You would definitely want the protection of insurance if something happened to ruin a large load of carpet that had not been installed or paid for or for some issue of liability. Look at the possibilities in incorporation in your state and the bonding requirements.

Is unearned rent a deferred liability?

If it has been prepaid by a customer and you show the cash related to this prepayment on your books, it is straight liability. You can think of this as something that you have but does not belong to you until you earn it. It is not deferred liability.

How can a box of matches have all the tips burned without having been struck or burned?

that does not make sense

How do I find out if another car is Insured that i have been in an accident with?

Ask the owner of the car?