Overhead and profit, or O&P, is an insurance term typically seen in property insurance claim cases. But what is overhead and profit? How does it relate to your claim? Today, we’re explaining everything you need to know about overhead and profit as it pertains to your property insurance claim. What is Overhead and Profit? If […]
When you need help with an insurance claim for your home, property, or business in Texas, ClaimsMate is here to help. Find the best licensed public insurance adjusters in Texas. A Texas Public adjuster is a professional who will work with you and your insurance company until a claim is complete. They are not affiliated […]
There are points in our lives when we start learning about new topics that we were never taught in school. Insurance is one of those things. Many people have a wealth of questions on this topic – we’re going to help guide you through much of the basics. Today, we’re going to go into more […]
Water damage is the second largest type of insurance claim. According to the International Standards Organization (ISO), the percentage of water damage claims is increasing. People have many questions about what a home insurance policy covers and why ‘gradual damage’ is not covered. Exceptions in an insurance policy for water related damages make the topic […]
The elements can be unpredictable. Wild winds and harsh hail can spring upon you at nearly any point in time, and protecting your most valuable assets can make a huge difference for your family and livelihood. However, insurance claims for property damages can be quite complicated and confusing. It can be tough to figure out, […]
A house fire is a devastating experience. When trying to cope with this horrible loss and property damage, people often have difficulty thinking clearly and dealing with the complexities of insurance companies along with the paperwork involved with filing insurance claims. Getting adequate compensation for your damaged property after a fire isn’t always straightforward. That […]
Water and flooding cause more damage than any other cause of loss. Furthermore, insurance claims for water damage are the most complicated when it comes to determining if coverage applies or the amount that’s covered. Almost every insurance policy excludes certain types of water damage. There may be exclusions such as “wind-driven rain” specified in […]
“Contract of adhesion” is one of those terms you don’t hear very often until it becomes really important. In the insurance world, a contract of adhesion – also known as an adhesion contract – is a contract where one party has significantly more power than the other when creating the contract. In order to create […]
Your home is your most important investment. You have home insurance to protect that investment. But do you really fully understand your insurance coverage? Insurance policies can often be ambiguous, or hard to understand – sometimes quite intentionally. Today, we’re debunking some myths many people believe about home insurance. 6) Myth: Everyone Exaggerates Their Losses […]
“Wind-driven rain” is one of those terms you’ve probably never thought about until you buy home insurance. In fact, many people have never even heard of the term “wind driven rain” until they realize their home insurance policy doesn’t cover it. By then, it may be too late. Today, we’re going to explain everything you […]
