Abstract

The case discusses the issues involved in the insurance coverage for intentional or malicious destruction of property. The process for investigating the genuineness of a claim is described. The case also examines the duties of an insured following a loss due to vandalism. The determination of the amount of loss and guidelines for valuing the property damaged are also discussed. The case also focuses on the conflicts that arise between the insurer and the insured during claims negotiations.

Learning Objectives

The case is structured to achieve the following Learning Objectives:

• Understand the concept of vandalism and the issues involved in insuring property against vandalism. Understand how a claims adjuster assesses the amount of loss caused by vandalism.

Keywords

Issues, insurance coverage, intentional, malicious destruction of property, investigating, genuineness, claim, duties, vandalism, amount of loss, valuing the property, conflicts, insurer, insured