How to Prepare for Examination Under Oath (EUO) During an Insurance Claim

Insurance Claim Examination Under Oath

Examination under oath, or EUO, is a tactic used by insurance companies to limit fraudulent activity. Every year, insurance companies across America lose billions of dollars to insurance fraud. By examining policyholders under oath, the insurance company may be able to discourage fraud. What is examination under oath? How does EUO work? How can you […]

Insurance Policyholder Duties After a Loss and Proof of Loss Forms

Proof of Loss Forms for Insurance Claim

When you sign a contract with your insurance company, both sides are making an agreement. Your insurance company agrees to cover certain losses in certain situations. Policyholders like you, however, also need to meet certain requirements. As an insurance policyholder, you have certain duties after a loss. You must give prompt notice of the loss, […]

The Claim Process: A Guide To How Insurance Claims Work

Guide To How Insurance Claims Work

Some homeowners go their entire lives without needing to make an insurance claim. When disaster strikes, however, you need to know how to properly file an insurance claim and the processes that follow. Most home or business owners have never read their entire insurance policy, or, if they did, they don’t understand it in it’s […]

So, What Are Public Insurance Adjusters?

What Is A Public Adjuster?

Almost everyone knows what an insurance adjuster from an insurance company is. Public insurance adjusters are quite similar in a lot of ways and perform work of adjusting insurance claims, but there is one huge difference : Public Insurance Adjusters are professional insurance specialists that work for the insured policyholder, not the insurance company.

How Does Filing A Homeowners Insurance Claim Affect Insurance Policy Rates?

Filing An Insurance Claim Form

If your home has suffered from a fire, theft, hail, flood, wind, or storm damage, then it may be in your best interest to file an insurance claim. However, you may also be worried about how it’s going to affect your insurance policy going forward. How does filing a claim affect your insurance policy? Today, […]

Insurance Company Unfair Claims Settlement Practices

Unfair Insurance Claim Settlement

Unfair claims settlement practice is the improper avoidance, or reduction of a claim by an insurance company. There are many methods or tactics that insurance companies might use to unfairly handle the settlement of claims, and it unfortunately happens quite often. There are also laws in place to protect consumers from unfair treatment during the […]

Important Things You Need to Know About Roof Hail Damage Insurance Claims

In states like Texas and Colorado, it’s not uncommon to get hail the size of golf balls or larger, which can lead to plenty of hail-related insurance claims. These large hailstorms can create thousands of hail damage insurance claims in a single area, overwhelming your insurance company and its adjusters, making the claims process long […]

When Should You Call Your Insurance Company To Make An Insurance Claim?

When Should You Call Insurance Company For A Claim

So you’ve experienced a problem that may warrant an insurance claim. When should you tell your insurance company? Should you tell your insurance company? Today, we’re answering all your questions about when to call your insurance company to file an insurance claim after experiencing a loss for a home, business, commercial property or personal property. […]

Homeowners Insurance Claim – Can I Do the Work Myself and Pocket the Difference?

DIY Home Repairs for Claims

If you recently received a payout from your homeowner’s insurance company, then you may be wondering if you need to use a third party repair company. Are you allowed to complete home repairs yourself? Can you charge the insurance company for your own labor? Are you allowed to pocket extra money left over from your […]

What is Recoverable Depreciation on an Insurance Claim?

Understanding Your Insurance Policy Contract

Recoverable depreciation is an important concept in the insurance industry. If you’re in the process of making an insurance claim, then it’s important you understand how recoverable depreciation works. You may already know about depreciation. Depreciation is the method of allocating the cost of an asset over the course of its useful lifetime. When you […]