Ryan Lapine was interviewed by LA Business First. Below is an excerpt.
Ryan Lapine, a partner at law firm Venable LLP, briefly evacuated from the Sunset Fire in Hollywood last week. He agreed that “time is of the essence” for those affected, whether looking into business interruption coverage or filing a traditional claim, as insureds have a duty to notify their insurance carrier when a loss occurs.
“If you suffer the loss on Tuesday of this week, and you don't tell them for three weeks, it's possible that certain circumstances on the ground have changed, and it's much harder to prove that your loss stemmed from an incident,” Lapine told L.A. Business First. “If you have nothing to hide, don't hide anything.”
For the full article, click here.