So, you’ve had a loss at your home or commercial property. You call your insurance provider and submit your property claim, only to receive notice shortly thereafter that the claim has been DENIED. Unfortunately, most people have no idea how to proceed once a claim has been denied. Is this decision final? Are there other […]
Property Insurance Claim Denied? Here’s What You Should Do Next Read More »
It’s no secret that many businesses have suffered severe financial losses due to coronavirus related restrictions. Some of the hardest hit have been the restaurant and hospitality sectors, along with other “cash flow” type businesses. The problem is further complicated by the fact that business interruption insurance, carried against unforeseen losses, isn’t providing any relief.
COVID-19 Business Interruption Claims: Fighting for Recovery Read More »
Understanding the details of a property insurance policy can be tricky. If the property is a multi-family, it adds an entirely new level of complexity to the process. Rental apartments, condominiums and cooperative apartments are the three most common types of multi-family properties. When it comes to property insurance, all three have many characteristics in
Understanding your insurance coverage is a vital, but often overlooked step in preparing for the destruction caused by a hurricane or windstorm. Understanding these five areas may mean the difference between a speedy recovery and a financial burden when it comes time to rebuild your home, restart your business, or simply put your life back
When filing a property insurance claim, your insurance provider will supply you with a Proof of Loss form. The insurance company’s adjuster may tell you that filling out a Proof of Loss form is “pretty straight forward” but in actuality, it’s often the most important document in the property claims process. What is a Proof
PROOF OF LOSS: The Most Important Document In The Claims Process Read More »
Ask yourself these questions: When was the last time you looked at your commercial insurance policy? You may be surprised to discover that many commercial policies include coinsurance provisions on their Building and Business Personal Property coverages. What is coinsurance? Coinsurance is a property insurance provision that imposes a penalty on an insured’s loss recovery
What Is Coinsurance? Understanding Your Commercial Property Insurance Policy Read More »
Insurance can be a complicated issue. If you’ve had a loss at your home or commercial property, you understand how challenging it can be to navigate the ins and outs of your policy. The good news is that you don’t need to take on this task alone. You have the right to hire your own
When calculating the many costs involved in repairing or restoring property following a disaster, it’s important to remember that costs of removal of the debris from the damaged property and the cleanup of possible pollution resulting from the property damage are in addition to — rather than a part of — the value of the
Pollution & Debris Removal: How They Affect Your Property Insurance Claim Read More »
Flooding is one of the most common and most destructive causes of damage to a property. After the water recedes, navigating the insurance claims process can be a daunting task. One aspect that makes flood claims particularly challenging is that The National Flood Insurance Program is subject to a different set of rules than those
When a disaster strikes, simply having insurance in place does not guarantee that your loss will be fully compensated. How much you ultimately get paid can be affected by the actions you as the policyholder take, starting from the moment the loss occurs. From the first call notifying your insurance carrier, to agreeing on the
