I am having a vintage trailer re-built and the shop is now closed because the building he is renting is full of mold. He can no longer work on my trailer and i have given him $49k already! Can I go against one of his insurance policies to recover my money? He told me he also has a personal umbrella policy. Thank you,
You can always put a claim in. Of course, there is the caveat of what his business insurance and umbrella policy coverage limits are and what is a covered claim. If he is essentially put out of business because the leased property is not usable, he should be pursuing his own claim against his landlord, and any claim against him would likely be subrogated (filed against the landlord’s policy by his policy) since they have to maintain a usable property.
For $49k, finding out where you can recoup your money from is important. Understand that this will be a long process. Even under the best of circumstances, commercial insurance claims can take time and it seems, at face value, there is more than one party that would be involved in the claim.