As anyone who has ever tried to read through an insurance policy can attest, there are pages upon pages of terms, conditions, exclusions, limitations, definitions, and ... notice requirements. Most notice requirements in policies mandate that notice of a claim be provided in a prompt or timely manner. While the failure to strictly adhere to the policy's notice requirements can result in a forfeiture of coverage, late notice may not always be detrimental. In Marty Lat v. Farmers New World Life Insurance Company (10/16/18 Court of Appeal 2nd Dist.), the Court of Appeal held that an insurance company may not deny an insured's claim under an occurrence policy based on lack of timely notice or proof of claim unless the insurer can show actual prejudice from the delay.
3 Items For Your Winter Corporate Check-Up
One of BKCG's main goals is to help our clients avoid legal problems from occurring in the first place and, with that in mind, based on our clients' experiences and recent legal developments, we suggest you consider doing the following 3 things to help your company stay out of legal peril.
Commercial real estate as a newcomer
Any real estate transaction can bring questions and give rise to uncertainty, but some are especially complex. For example, commercial real estate transactions can be quite complicated, especially for someone who may have no experience with these types of deals. Whether you plan on buying commercial real estate, selling commercial property or leasing commercial real estate, it is absolutely essential to make sure that your interests are protected. In Irvine and other cities across California, some commercial real estate transactions have led to unnecessary stress and financial loss later on because those involved in the deal lacked familiarity with these deals.
Reviewing various facets of real estate law
Whether you are a developer, landowner, tenant, or someone who invests in real estate, there are a number of questions that may arise with respect to real estate law. In some instances, these matters can even lead to litigation, which highlights how essential it is to carefully approach any real estate matters that arise. In Irvine and cities all across the state of California, people who are struggling with real estate law matters may be unsure of which approach to take. However, there is often much at stake and it is crucial to make sure that the smartest course of action is pursued.
