HURRICANE INSURANCE & REINSTATEMENT VALUE

A major issue with respect to building insurance in the period following Hurricane Ivan was the problem of ‘under insurance’. As most people are now aware, this occurs when the sum insured is considered by the insurance company to be less that the reinstatement value of the building covered. In this regard, the insurance company will view the claimant as…
9.2.2009
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COMPENSATION UNDER THE ROADS LAW

With the increase in road building in Cayman in recent years, many landowners are unsure of Government's rights to take their land and in turn their right to compensation for their loss. In this article we set out the basis of Government's rights in this regard and offer guidance on how the compensation due to the affected landowner can be…
4.2.2009
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