Keep Certificates of Insurance

Keep Certificates of Insurance

Prior to about 1987, general liability insurance policies on dry cleaners included the cost of environmental liability and cleanup.  If property owners collected certificates of additionally insured from the dry cleaner businesses then it is possible they can file a claim now for environmental cleanup.  After 1987 the insurance companies stopped insuring environmental claims and excluded these costs from their policies.  If a dry cleaner has been on the property for 30 years or more, there is a good chance an insurance policy exists but finding the policy is a must.  Insurance companies have consolidated and changed names over time and it is tricky to make a claim on an old policy but it can be done.  If you are a property owner that has certificates or a policy, it is best to get professional assistance in making a claim.   Contact DARA if you need help deciphering policies for coverage of environmental costs.