Yes to Taxation Without Insured Compensation: Third Circuit Rules Insurer Must Pay Delinquent Taxes from Policy Proceeds Prior to Paying Named Insured

Many times, significant losses occur on property where the named insured owes delinquent property taxes.  Certain states have codified laws mandating that, in such scenarios, a property insurer first pay delinquent property taxes from fire loss proceeds prior to paying… Continue Reading →

The post Yes to Taxation Without Insured Compensation: Third Circuit Rules Insurer Must Pay Delinquent Taxes from Policy Proceeds Prior to Paying Named Insured appeared first on The Property Line.