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. Colorado is experiencing hailstorms more frequently, and with larger sized hail. Colorado had record breaking losses from hail damage in 2017 and repeated devastating hailstorm damages in […]
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. […]
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 […]
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 […]
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 […]
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 […]
Texas insurance companies scored a huge win earlier this year by lobbying the Texas Congressional and Senate members to pass House Bill 1774 and Senate Bill 10. By doing so, the worst of the worst of slow and underpaying insurance companies will now have the legal ability to create a wider spread between the actual […]
Insurance companies owe a duty of good faith to policy holders – to people like you. Unfortunately, they don’t always fulfill that duty. That’s why bad faith claims exist. When you file an insurance damage claim and it turns into a bad faith insurance claim, you can actually be compensated an amount larger than the […]
Water damage insurance claims can get messy in more than just your home. Today, we’re talking about water damage insurance claims tips and how they can help you avoid losing money owed to you on your home insurance policy. Notify Your Insurance Company Immediately After The Disaster Occurs The first and most important tip is […]
