Unlocking Potential Resources: The Integral Role of Historic Insurance Recovery in Environmental Law
Historic insurance recovery is a powerful tool that is often overlooked by parties facing the complexities of property contamination and other environmental liabilities. Davis Environmental Law is experienced in this area and stands ready to help maximize the recoveries you may be entitled to under historic insurance policies.
What is Historic Insurance Recovery?
Historic insurance recovery is the process of seeking coverage under insurance policies that may have been issued long ago, and crafted before the Absolute or Total Pollution Exclusion became a standard provision in property insurance policies. It is particularly crucial in the context of contaminated properties because older policies often provide coverage for environmental contamination or pollution that occurred during (and sometimes before) the policy period.
Why is Historic Insurance Recovery Necessary?
Businesses and individuals faced with liability for contamination are often unable to pay for necessary work or secure insurance coverage for pollution-related liabilities under modern insurance policies due to the broad nature of the Pollution Exclusion, which is a standard provision in current property insurance policies. In the absence of insurance coverage or other sources of funding, clean up and investigative costs can financially cripple individuals and businesses, hindering their ability to address environmental concerns effectively and comply with applicable environmental laws.
Historic insurance recovery can ease some and possibly all of the financial strains associated with contamination, facilitating a streamlined and timely remediation.
However, pursuit of historic insurance generally involves a variety of legal and technical complexities, negotiations with insurance carriers, coverage arguments, and sometimes litigation. In this process, our team here at Davis Environmental Law can assist you.
Real-Life Case Studies
Davis Environmental Law is committed to ensuring accountability and advocating vigorously for our clients to obtain all the coverage to which they are entitled. Our successful endeavors have extended beyond financial recovery, encompassing other advantages such as mitigation of remediation costs and the streamlining of cleanup efforts. In this regard, we invite you to explore our case studies, which highlight just some of the benefits we have successfully obtained for our clients through pursuit of insurance coverage.
These case studies underscore the practical advantages of choosing Davis Environmental Law to assist you, drawing on the valuable insights gained from our many years of expert work in this area. Of course, past successes do not assure future success and each situation must be looked at critically.
How Can We Help?
Davis Environmental Law recognizes the challenges that many contaminated property owners and others with environmental liabilities are faced with. The potential for substantial insurance coverage to alleviate burdens of environmental liabilities cannot be overstated.
At Davis Environmental Law, our unwavering dedication is to achieve the best possible outcomes for our clients. We offer comprehensive services in both modern and historic insurance recovery, bringing decades of experience and the resulting expertise to every aspect of the process. Whether it be meticulously searching for historic insurance policies, analyzing complex policy terms and potential coverage, demanding coverage from carriers, or resolving coverage disputes through negotiations or litigation, we are well equipped to guide you through every step of the process.
Please contact us for more information on our services and how we may be able to assist you. Our firm stands ready to guide you through the process of historic insurance recovery, empowering you to address challenges that come with environmental liabilities with confidence.